May 2026 marked a number of important legislative developments for businesses and investors in the Republic of Uzbekistan (the "RUz"). The adopted acts affected tax administration and support for small businesses, the capital market, the insolvency framework, anti-corruption review of investment projects, the tax regime for foreign nationals, and the private healthcare sector.
The VERBA LEGAL team in Tashkent prepared a legislative digest on last month’s changes.
Contents:
Simplified tax regime and support for small businesses
Issuance of foreign-currency bonds
Establishment of the Agency for Insolvency Affairs
Anti-corruption review and assessment of major investment projects
Special tax regime for foreign nationals
Additional support for the private healthcare sector
Contributors: Managing Partner of the Tashkent office Bobir Karimov, Counsel, Attorney, Ernest Khachaturyan, Associates Sarvarbek Olimzhonov and Bobur Rakhmatov, and Paralegal Nigina Ibragimova.
