Uzbekistan to cut back state obligation for international corporations’ registration

TASHKENT, Uzbekistan, February 23. Uzbekistan’s
legislation “On State Responsibility” reduces the speed of obligation for registering a
firm with international funding 10 instances – from 3.4 million to
340,000 soums (from $276 to $27), Pattern reviews.

Uzbekistan’s president Shavkat Mirziyoyev signed a legislation amending
laws to harmonize it with the World Commerce Group
agreements on February 15.

The draft legislation was handed by the decrease chamber of Uzbekistan’s
Parliament in late December and acquired Senate approval in
January. It impacts promoting, emblems and mental
property, in addition to state duties.

Additionally, the restriction on promoting of imported beer, pure
and glowing wines is canceled. The present model of the legislation “On
Promoting” permits to advertise solely beer and wine of native
producers underneath sure situations.

Earlier, president of Uzbekistan Shavkat Mirziyoyev signed the
Legislation “On Privatization of State Property”. Based on the legislation, the
objects of privatization of state property are state-owned
properties, state pursuits (shares, stakes), state unitary
enterprises, and establishments.

State property could also be absolutely or partially privatized, aside from
what isn’t topic to privatization underneath the laws on state
property administration.