Uzbekistan establishes a visa-free regime with UAE residents and UN passport holders
According to the Decree of the President of the Republic of Uzbekistan “On amending and adding to the Decree of President of the Republic of Uzbekistan No. UP-5691dated March 18, 2019 “On measures to further simplify the entry into the Republic of Uzbekistan for citizens of the United Arab Emirates” No. UP-5897dated December 28, 2019, it was established that from January 1, 2020, a visa-free regime for a period of 30 days is granted to citizens of foreign countries who have received the status of a resident of the United Arab Emirates.
Procedure for obtaining land for business and urban planning has been simplified
According to the Decree of the Cabinet of Ministers of the Republic of Uzbekistan "On measures to further improve the procedures for providing free land for entrepreneurial and urban development activities", individuals and legal entities can purchase land for permanent use through the online electronic auction of land plots - YERELEKTRON.
Amendments to the list of licensable types of activities
The list of licensable types of activities is supplemented by a new type of activity in the field of atomic energy use
Amendments to the Law on Joint Stock Companies and Protection of Shareholders’ Rights
The Law has been amended with the norm providing for an independent organization external audit of the conditions for entering into the major transaction taking into account the market value of the property determined by the appraisal organization.
Amendments to the Law on Limited and Additional Liability Companies
The law is amended by the article stating that in the event of irreconcilable disagreements between the participants in a company regarding the management of a company due to an insufficient number of votes to make a decision, the dispute shall be resolved the court.
Amendments to the Law on Denationalization and Privatization
Enterprises and organizations involved in the development, production and sale of explosives, as well as special materials and equipment for their production, are subject to denationalization and privatization by Decree of the President of the Republic of Uzbekistan.