Can a foreign-owned company hold land in Uzbekistan?

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Accepted Answer

By lease, not ownership — and for an enterprise with foreign investments, up to twenty-five years. 25 years Land is leased to enterprises with foreign investments by the Cabinet of Ministers — for up to twenty-five years, and not less than the term the application states. Lease They may use land on a lease basis in the cases and on the conditions legislation provides. Buildings Buying a building carries the lease of the land under it — the lease right passes with the object. As investment Rights to land and to use natural resources count as a form of investment. As security Property and property rights may secure any obligation, borrowing included. Land reaches a foreign-owned business as a lease. For enterprises with foreign investments the Investment Law makes the Cabinet of Ministers the lessor and sets the term at up to twenty-five years, and at not less than the period stated in the application for the investment project; otherwise such enterprises may use land on a lease in the cases and on the conditions legislation provides. Where ownership of buildings and structures passes to such an enterprise, the lease of the land beneath them passes with the objects. Rights to land, and rights to possess and use other natural resources, are themselves treated as a form of investment and as investment resources — which is what brings them inside the guarantees, including the ten-year stabilisation clause, whose clock starts for such a right on the date the document establishing it takes effect. Property and property rights may be given as security for any obligation, including borrowing.

Can a foreign-owned company hold land in Uzbekistan?

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