The mandatory registration of labor contracts is introduced from 2020 in Uzbekistan
In Resolution of the Cabinet of Ministers No.971 dated December 5, 2019 a mechanism is being introduced to work with the interdepartmental hardware-software complex Unified National Labor System (UNLS).
A new procedure for the circulation of securities has been established in Uzbekistan
The capital market Development Agency Republic of Uzbekistan has established a new procedure for the circulation of securities. The new procedure allows circulation of securities only in the case of after the completion of their placement period.
Company liquidation procedure is simplified
Starting from January 1, 2020, liquidation procedures will be simplified. In particular, the announcement of the liquidation of the enterprise no longer needs to be published in print media, liquidating business should post the announcement on the website of the State Services Agency.
Deputies adopted the new edition of the Tax Code of Uzbekistan
The new edition of the Tax Code introduces a risk analysis program and, in accordance with that, business entities are divided into 3 segments automatically in case of danger.
Uzbekistan is planning to cancel the registration of foreign citizens arriving in Uzbekistan for up to 30 days
From July, 1 2020, the procedure of registration of foreign citizens and stateless persons who are in the country for a period of not more than 30 days is proposed to be abolished. This reformation is provided for in the draft Decree of the President of the Republic of Uzbekistan “On additional measures to improve the effectiveness of ongoing reforms in the tourism sector” developed by the State Committee for Tourism Development.
The Economist awarded Uzbekistan as the country of the year
British magazine The Economist named Uzbekistan as the country of the year, while other candidates were New Zealand, Northern Macedonia and Sudan. According to the publication, Uzbekistan still has a long way to go, but in 2019 no other country has improved so far.