VERBA LEGAL is launching a series of materials entitled "Doing Business", which elucidate the distinctive features of conducting business in various jurisdictionsThe inaugural issue is dedicated to Uzbekistan, a country boasting one of the most rapidly developing economies in Central Asia, owing to reforms aimed at economic liberalisation, enhancement of the investment climate, and the promotion of entrepreneurship.

In 2024, Uzbekistan ranked third in terms of GDP growth among more than twenty emerging market and developing economies in the Europe and Central Asia region.

Uzbekistan continues to represent an attractive destination for foreign investors. In 2024, the volume of foreign direct investment into the national economy exceeded USD 11.9 billion.

This publication provides an overview of the following areas:

1. Legal Framework Overview

2. Corporate matters

3. Financial matters

4. Commercial activity

5. Labor Relations

6. Intellectual property

7. Antitrust Law

8. Taxation

9. Special economic zones

"Business interest in Uzbekistan is visibly increasing. It is in this remarkable country, rich in history, that VERBA LEGAL has established its first overseas office to assist our clients in entering new markets. Our 'Doing Business' series serves as a practical tool for companies and investors, enabling them to make informed decisions and implement projects in Uzbekistan, taking into account the legal nuances of the jurisdiction," stated Alexander Panov, Senior Partner and Head of International Office Development at VERBA LEGAL.