Are there sectors closed to foreign investment in Uzbekistan?

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Accepted Answer

The law allows restrictions and does not list them — so the answer is always in the sector’s own legislation. Permitted Legislation may restrict or prohibit foreign investment in certain areas. Which areas The economy, public health, animal and plant life, the environment, and national security. How In accordance with treaties and the generally recognised principles of international law. Not listed The law names the grounds and never the sectors — so a sector question is answered from that sector’s own act, not from here. Separately Investing in objects that breach sanitary, radiation, ecological or planning requirements is prohibited. The Investment Law’s treatment of restricted sectors is a permission rather than a list. It provides that the legislation of Uzbekistan may, in accordance with the country’s treaties and the generally recognised principles and norms of international law, contain restrictions or a prohibition on foreign investment in certain spheres of the economy and in the protection of public health, animal and plant life, the environment, and the interests of national security. Which spheres those are is not stated. So the practical answer to "can a foreigner own a business doing X" is never found in this law. It is found in the legislation governing X, and — for most businesses a foreign founder is considering — in the licensing and permit regime rather than in any ownership rule. A separate provision prohibits investment in objects whose creation or use breaches sanitary, radiation, ecological, planning or similar requirements, or the rights of others.

Are there sectors closed to foreign investment in Uzbekistan?

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