International financial center to be established in Tashkent

President Shavkat Mirziyoyev announced at the Tashkent International Investment Forum that an international financial center will be established in Tashkent to ensure reliable protection of investors’ rights and increase investment attractiveness.

Tax and customs benefits for participants of the center will remain in effect for 50 years.

According to the Head of State, ensuring investors’ rights through strong institutions and international mechanisms is one of the priority tasks. For this purpose, work began in March this year to establish the Tashkent International Financial Center.

It was noted that the legal foundations of the center will be strengthened by a Constitutional Law. An attractive tax regime will be introduced for its participants, with profit tax, value-added tax, property tax and customs duties set at zero percent.

In addition, the free movement of capital and the ability to make settlements in any currency will be fully guaranteed. Within the center, modern infrastructure will be created for financial technologies, digital assets and green finance.

According to the President, an independent financial regulator with the authority to adopt regulatory legal acts will also be established within the center.

At the initial stage, the duration of these benefits and the special legal regime will be set at 50 years.

Earlier, Shavkat Mirziyoyev emphasized that Uzbekistan’s economy continues to grow rapidly and said that by the end of 2026, the country’s gross domestic product is expected to exceed $180 billion.