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.
Senators approved the Law on Special Economic Zones
The Law includes the basic concepts and provisions on the creation, extension of the period of functioning and liquidation, change of the borders, types and measures for the organization for activities, management, determining the status of participants, customs regulation, taxation and land use. Guarantees of the rights of investors, as well as the legal regime are provided.
Uzbekistan passed the Law on Investments and Investment Activities
Starting from January 27, 2020, the Law of December 25, 2019, № ZRU – 598 "On Investments and Investment Activities" will enter into force.
Results of the twenty-fifth plenary session of Senate of the Oliy Majlis of Uzbekistan
Senate members reviewed the Law “On investments and investment activities”. It introduces the conceptual apparatus, determines the types of investments by destination (capital, financial and social).