The regulation of shared construction in Uzbekistan
On May 27, 2020, there has been adopted a Resolution of the President “On measures to regulate the process of shared construction of apartment buildings” No.4732 (the “Resolution No.4732”), which will regulate the usage of proceeds accumulated from equity holders and the construction of buildings on the basis of shared construction.
A Draft Law of the Republic of Uzbekistan “On Limited Partnership”
For the purposes of further improving legal conditions to attract investments to the Republic of Uzbekistan and implementing investment projects, a draft Law “On Limited Partnership” (the “Draft Law”) was prepared and published for public discussion.
Customs incentives for imported construction equipment in Uzbekistan
The President of Uzbekistan signed a Resolution “On measures to accelerate the construction of multistorey block of flats in the regions” No.ПП-4718 dated 19 May 2020 (“Resolution No.ПП-4718”) aimed at immediate elimination of the consequences of emergency incidents that occurred in the Bukhara and Sirdaryo regions, as well as accelerated urbanization in all regions of the Republic.
A Decree supporting the tourism sector of Uzbekistan has been signed
The President of the Republic of Uzbekistan signed a Decree “On urgent measures to support the tourism sector for reducing the negative impact of the coronavirus pandemic” No.УП-6002 dated 28 May 2020, which is aimed at providing various types of incentives such as reducing tax rates, providing subsidies for participants of the tourism sector.
New legislative of the Republic of Uzbekistan entering into force from 1June 2020
On May 18, President of Uzbekistan signed a Decree «On subsequent measures to support the population and entrepreneurs during the coronavirus pandemic» No.УП-5996 (the “Decree No.УП-5996”) aimed at supporting the population and reducing negative consequences of the pandemic on citizens as well as entrepreneurships.
In May 2020 GRATA International in Kazakhstan became the most read contributor among other authors.