What does Uzbekistan guarantee a foreign investor?

Uzbekistan’s investment guarantees sit in one chapter and they are unusually concrete. The state undertakes not to discriminate between investors by citizenship, place of residence, place of economic activity or the country the investor or the investment comes from; not to interfere in lawful investment activity, and — where a breach is found — to take only the measures directly connected with removing it rather than reaching into unrelated business. (Investment Law, Art. 15 — lex.uz ↗)

On money, the guarantee is of free transfer in foreign currency into and out of the country without restriction once taxes are paid, conversion for repatriation included. On property, investments are not subject to nationalisation, and expropriation is confined to genuine emergencies, decided by the Cabinet of Ministers, limited to the minimum necessary, non-discriminatory and compensated — with the size, the valuation, the adequacy of the compensation and the procedure all challengeable in court or arbitration. (Investment Law, Arts. 17, 21 — lex.uz ↗)

The provision most worth knowing is the last: where this law conflicts with another act or a treaty, the provisions most favourable to investors prevail. It is a reading rule written into the statute, and it applies to investments made before the law came into force as well. (Investment Law, Arts. 23, 64 — lex.uz ↗)