1、Investment guide Uzbekistan June 2025PwCTable of contents 2PwC1Country snapshot32Sectors of Uzbekistan203Establishing and running a company464Tax and Customs535Legislation of the Republic of Uzbekistan57PwC1.Country snapshot 3PwC1.1 Invest in UzbekistanUzbekistan,strategically positioned at the cent

2、re of the Eurasian continent,functions as a key transit and economic hub in Central Asia.Spanning approximately 448,924 square kilometres and with a population exceeding 37.7 millioncomprising over 130 ethnic groupsthe countrys geographic and demographic characteristics offer a unique platform for f

3、ostering regional connectivity and cross-border trade.In recent years,the government has advanced a broad reform agenda aimed at improving the investment climate.Notable measures include the liberalization of trade and foreign exchange regimes,reductions in key tax ratessuch as value-added tax(VAT),

4、corporate income tax,and property taxfrom 20 percent to 12 percent,and the establishment of the Foreign Investors Council to institutionalize dialogue with the private sector.Complementary administrative reforms have streamlined business processes,including the expansion of the“Single Window”mechani

5、sm,the elimination of over 500 government functions,and a reduction in customs duties and excise taxes on a wide range of imported goods.Uzbekistan remains one of the most dynamic economies in the region,registering real GDP growth of 6.5 percent in 2024.The country benefits from favourable demograp

6、hics,with more than 60 percent of its population under the age of 30 and a labour force totalling approximately 23.2 million.Foreign trade turnover reached$66 billion in 2024,marking a 3.8 percent increase year-on-year.The economy is underpinned by substantial endowments of natural resources,includi