Uzbekistan offers tax breaks for foreign investors in certain districts of Tashkent region
Foreign investors can now benefit from tax incentives when investing in agriculture.

Photo: Pexels
President Shavkat Mirziyoyev has approved new measures to attract foreign investors to Uzbekistan. The presidential decree was published on Lex.uz.
Tax incentives for direct private foreign investments will now apply to companies in districts of the Tashkent region classified under the 4th and 5th categories. This change affects the Bekabad, Buka, and Pskent districts.
The list of sectors eligible for incentives has also been expanded. Enterprises involved in agricultural production with foreign private capital can now qualify for these benefits.
Articles 471–472 of the Tax Code provide companies with foreign investments, subject to meeting specific conditions, temporary exemptions from land tax, property tax, and water usage tax. The duration of these exemptions is determined by the president.
A 2005 decree specifies the duration of exemptions from these taxes for companies in 22 sectors, based on the investment amount:
- $300,000 to $3 million: three years;
- $3 million to $10 million: five years;
- Over $10 million: seven years.
However, these incentives do not apply to enterprises located in Tashkent city or the Tashkent region, except for those in the tourism and waste management sectors.
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