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The American-Uzbekistan Chamber of Commerce (AUCC) seeks to promote trade and investment ties, cultural exchanges and bonds of friendship between the United States of America and the Republic of Uzbekistan. In performing these functions, the AUCC places primary emphasis on serving the needs and interests of its members.
Interview with AUCC Chairperson Carolyn Lamm Before 2012 Uzbekistan-US Annual Business Forum
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Benefits for foreign enterprises
In Uzbekistan, foreign direct investment is widely attracted for further improving the investment environment, privatizing and modernizing production, re-equipping and reconstruction, implementation of programs to create new jobs in the regions where there is a workforce.
Tax incentives are provided in order to actively attract foreign investment. By the Decree of the President of the Republic of Uzbekistan “On the concept of improving the tax policy of the Republic of Uzbekistan” of June 29, 2018, it is planned to maintain a favorable regime for foreign investors and investments, to support them comprehensively and provide reliable legal protection. In particular, legal entities, depending on the volume of foreign direct investment for a certain period, are exempt from paying taxes on property and the use of water resources.
A foreign entrepreneur who has invested from 300 thousand to 3 million USD is granted tax benefits for three years, from 3 million to 10 million dollars for five years, and over 10 million USD – for 7 years.