Get our Newsletter
Twitter
Facebook
Youtube
Rss
M.logo en gb

2018-08-02

Uzbekistan simplifies creation of joint ventures

Caravanserai

TASHKENT -- Uzbek President Shavkat Mirziyoyev Wednesday (August 1) signed a decree reducing barriers for forming joint ventures, Fergana News reported Thursday (August 2), citing the decree.

Measures include cutting the minimum percentage of foreign investments in a venture's charter capital from 30% to 15%, as well as reducing the minimum size of a joint venture's charter fund from 600 million UZS ($770,000) to 400 million UZS ($510,000).

The decree did not state when those reforms take effect.

The changes are part of an effort to improve Uzbekistan's investment climate and attract direct investment.

TASHKENT -- Uzbek President Shavkat Mirziyoyev Wednesday (August 1) signed a decree reducing barriers for forming joint ventures, Fergana News reported Thursday (August 2), citing the decree.

Measures include cutting the minimum percentage of foreign investments in a venture's charter capital from 30% to 15%, as well as reducing the minimum size of a joint venture's charter fund from 600 million UZS ($770,000) to 400 million UZS ($510,000).

The decree did not state when those reforms take effect.

The changes are part of an effort to improve Uzbekistan's investment climate and attract direct investment.

Сизга мақола ёқдими?

Ca mobile no 0

Comments

* Denotes Required Field
Captcha