Cost of Doing Business in Uzbekistan
Total Page:16
File Type:pdf, Size:1020Kb
COST OF DOING BUSINESS IN UZBEKISTAN TASHKENT – 2012 Cost of Doing Business in Uzbekistan This brochure was prepared within the UNDP projects “Support to Foreign Trade and Investment Promotion in Uzbekistan” and “Business Forum of Uzbekistan – phase II” and published with JICA’s financial support under the Follow Up Program for JICA Ex-trainees Working Group: Abror Rafiev Jamshid Abdurakhimov Expert Group: Jakhongir Imamnazarov Narzullo Oblomurodov Sarkor Isonbaev Farruh Hakimov Ulugbek Kamaletdinov This publication is distributed free of charge through the Ministry of Foreign Economic Relations, Investments and Trade of the Republic of Uzbekistan, the Chamber of Commerce and Industry of Uzbekistan and their structural subdivisions. Electronic version of the publication is available at web sites of the Chamber of Commerce and Industry of Uzbekistan www.chamber.uz, UNDP Uzbekistan www.undp.uz, “UZINFOINVEST” agency www.investuzbekistan.uz, “Business Forum of Uzbekistan (Phase II)” www.bfu.uz. © All copyright are protected in accordance with the effective legislation of the Republic of Uzbekistan. These materials are not to be reproduced, distributed or otherwise used without the preliminary written permission of the Chamber of Commerce and Industry of Uzbekistan and “UZINFOINVEST“ Agency. 2 Cost of Doing Business in Uzbekistan contents Starting a new business.........................................................................................................................................................................5 Registering a company..........................................................................................................................................................................5 Labor conditions.....................................................................................................................................................................................................................................6 Staff recruitment....................................................................................................................................................................................................................................7 Remuneration system.........................................................................................................................................................................................................................7 Commercial (Business) Real Estate................................................................................................................................................................................................10 Developing documentation for architecture and construction and expert examination of business facilities................................................12 Commodities and materials................................................................................................................................................................12 Energy resources ................................................................................................................................................................................................................................14 Licensing...............................................................................................................................................................................................16 Patents......................................................................................................................................................................................................................................................17 Certificates and reports....................................................................................................................................................................................................................19 Taxes and Dues ....................................................................................................................................................................................21 Taxes and Dues.....................................................................................................................................................................................21 Tax Exemptions and Preferences .................................................................................................................................................................................................26 Foreign Trade .......................................................................................................................................................................................30 Customs Duties....................................................................................................................................................................................................................................30 Carrying out export operations based on single window principle...................................................................................................................................35 Registration and execution of exchange contracts.................................................................................................................................................................36 Logistics...................................................................................................................................................................................................................................................37 Benefits related to Customs Duties and Exports.......................................................................................................................................................................40 Navoi Free Industrial and Economic Zone...................................................................................................................................................................................43 International Treaties .........................................................................................................................................................................................................................44 Business Services .................................................................................................................................................................................48 Financial services .................................................................................................................................................................................48 Banking services...................................................................................................................................................................................................................................48 Lending and Leasing...........................................................................................................................................................................................................................50 Microcrediting and microleasing....................................................................................................................................................................................................51 Insurance.................................................................................................................................................................................................................................................53 Stock Market and Securities ...........................................................................................................................................................................................................54 Legal Support.......................................................................................................................................................................................57 Translation of texts and legalization of documents................................................................................................................................................................57 Adjudication at Arbitration Courts..................................................................................................................................................................................................58 Duties and fees......................................................................................................................................................................................................................................58 Visa support...........................................................................................................................................................................................................................................60 Consulting...............................................................................................................................................................................................................................................61 3 Cost of Doing Business in Uzbekistan Accounting services ............................................................................................................................................................................................................................62