Uzbekistan Increases Foreign Investment Limits for Domestic Companies
The government of Uzbekistan has introduced a series of updated financial regulations designed to ease restrictions on foreign investments and streamline currency operations for local enterprises.
Under the new framework private enterprises without state participation will be permitted to allocate up to $200,000 annually towards establishing international businesses, acquiring foreign company shares and opening overseas trading houses. For commercial entities with state involvement this annual investment ceiling has been set at $100,000.
Authorities have also raised the allowance for replenishing the working capital of international branches and representative offices. The updated financial limits are structured as follows:
- Private companies: Up to $100,000 per year
- State-affiliated firms: Up to $50,000 per year
This represents a significant increase from the previous universal cap which stood at just $10,000. Additionally individual Uzbek citizens are now officially permitted to invest in foreign corporations with a personal annual limit capped at $10,000.
Banking digitisation reforms
Alongside the increased financial thresholds the government is pushing forward with the digitisation of national currency operations. Financial institutions will no longer be required to maintain physical paper logs or store bulky document folders concerning capital movement transactions. Moving forward all administrative accounting for these activities will be processed digitally through the Central Bank’s dedicated FERUz platform.
Furthermore the regulatory requirement that forced businesses to conduct these specific transactions exclusively through their primary banking provider has been officially abolished. Entrepreneurs and corporate entities now have the freedom to utilise their secondary bank accounts to execute these international financial operations.
