juris.hq
TaxesUpdated 09.09.2026

What investment incentives does Uzbekistan offer?

Short answer

Tax reliefs and subsidised loan interest — but the amounts live in the Tax Code, not in the investment law.

What they areTax and payment reliefs, and subsidised interest on project loans (Investment Law, Art. 34 — lex.uz ↗)
Granted byReference to the volume invested, the locality, the expected social and economic effect and jobs, and the sector (Investment Law, Art. 34 — lex.uz ↗)
Amounts whereTax reliefs are granted in the manner established by law — which means the Tax Code; this act sets no rate (Investment Law, Art. 34 — lex.uz ↗)
Direct FDIEnterprises created with direct foreign investment in listed sectors get particular tax treatment — under the Tax Code, on a list approved by legislation (Investment Law, Art. 34 — lex.uz ↗)
LocallyRegional authorities may grant preferences from their own budgets (Investment Law, Art. 34 — lex.uz ↗)
Two moreThe investment tax credit, and the investment subsidy (Investment Law, Arts. 35, 36 — lex.uz ↗)
What the law provides

The Investment Law describes the shape of state support rather than its size. Incentives may include reliefs on taxes and payments and the subsidising of interest rates on loans an investor takes for a project, and they are granted by reference to how much is being invested, the conditions of the locality, the expected social and economic effect including new jobs, and the sector. Regional authorities may grant preferences within their own budgets, weighted to how developed the infrastructure of the territory is. (Investment Law, Art. 34 — lex.uz ↗)

For the numbers the article points elsewhere: reliefs on taxes and payments are granted in the manner established by law, and enterprises created with direct foreign investment specialising in sectors on a list approved by legislation get particular treatment of certain taxes under the Tax Code. Two further instruments have their own articles — the investment tax credit and the investment subsidy. Nothing in this chapter is a rate, and no figure should be quoted from it. (Investment Law, Arts. 34, 35, 36 — lex.uz ↗)

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