President Mirziyoyev signed the Measures to Totally Improve the Investment Climate in Uzbekistan Decree, which will simplify the setting up of enterprises with foreign investment.
The requirement for minimum size of the authorized capital of foreign-invested enterprise (FIE) has been reduced from 600 million to 400 million soums, and the minimum foreign investment requirement in the authorized capital has been decreased from 30% to 15%.
The requirement for mandatory participation of a foreign legal entity as an investor in an enterprise has been scrapped. The fee for state registration of FIEs has been cut by three times.
The minimum size of the authorized capital of joint-stock companies has been set at 400 million soums. Before, according to the Joint-Stock Companies and Protection of Shareholders' Rights Law, the minimum required amount was 400 thousand US dollars at the Central Bank's exchange rate.
