Business

Uzbekistan Senate approves special legal regime for Enterprise Uzbekistan

The centre is intended to help raise digital-services exports to $5 billion and create more than 300,000 jobs by 2030.

A representative of Uzbekistan’s Senate speaks at a plenary session

Uzbekistan’s Senate approved a constitutional law on the Enterprise Uzbekistan International Digital Technology Centre, the upper chamber reported.

The centre will operate within IT Park under English-law principles. The legislation creates a separate legal framework for its operations.

The Senate reviewed an earlier version at its previous plenary session and returned it to the Legislative Chamber with proposed changes. A conciliation commission involving senators, deputies and government representatives then revised the bill.

The centre’s participants are expected to receive a flexible tax and customs regime, incentives for certain activities and simplified procedures for importing equipment, technology and materials.

The law also provides for a one-stop system for registration and management, along with guarantees protecting intellectual property and investment.

Senators estimate that the centre could help raise Uzbekistan’s digital-services exports to $5 billion by 2030 and create more than 300,000 well-paid jobs.

The legislation is intended to make it easier for major international technology companies to enter Uzbekistan. Presidential acts will determine the centre’s governance mechanisms, boundaries and key appointments.

Samira GanievaКорреспондент