Probably not. It takes three things at once — 15% foreign, 400 million capital, and mostly own production.
The status has a name that sounds descriptive and a definition that is not. The Investment Law says an enterprise with foreign investments is one in which foreign investment makes up not less than fifteen per cent of the shares, participation interests or charter fund — which on its own would catch almost every foreign-owned company. The 2018 decree adds the rest of the test, and it is the rest that decides: a charter fund of at least 400 million UZS, and more than sixty per cent of total revenue coming from the enterprise’s own production or from servicing the output it produces. (Investment Law, Art. 3 — lex.uz ↗)
That third condition is why a trading company, a consultancy, an agency or a software house does not become an enterprise with foreign investments by being foreign-owned, and could not do so by raising its capital. The status is aimed at production. A company outside it is an ordinary Uzbek legal entity whose owners happen to be foreign — with no charter-fund floor, and none of the specific rights the status carries. (Decree UP-5495, Para. 6¹ — lex.uz ↗)
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