REPUBLIC OF UZBEKISTAN MACROECONOMIC INDICATORS Location: Central part of Central Asia. A landlocked country. Coordinates: 41o00 northern latitude, 64o00 east longitude. Indicator 2004 2005 2006 2007 2008 1st quarter Neighbors: Kazakhstan, Kyrgystan, Tajikistan, Afghanistan and Turkmenistan. 2009 Area: Total - 447,400 sq.km; land - 425,400 sq. km; water - 22,000 sq. km. GDP, UZS billion (in current prices) 12261.0 15923.4 21124.9 28186.2 36839.4 7795.6 Real GDP growth rate (in % for the previous year) 107.4 107.0 107.5 109.5 109.0 107.9 Share of industrial output in GDP (in %) 17.5 21.1 22.1 24.0 25.7 26.0 Share of agricultural output in GDP (in %) 26.4 26.3 24.1 21.7 20.9 n/a Share of services in GDP (in %) 37.2 37.2 42.5 43.0 45.3 45.5 Exports, USD million 4853.0 5408.8 6389.8 8991.5 11572.9 2493.9 Imports, USD million 3816.0 4091.3 4395.9 5235.6 7504.1 2287.0 Capital investment, in % of GDP 23.5 22 21.6 22.6 23.0 25.0 Discount rate of the Central Bank, % 18.8 16.0 14.0 14.0 14.0 14.0 Inflation (Consumer Price Index), % 3.7 7.8 6.8 6.8 7.8 8.0 Official foreign exchange rates (as of December of the respective year) UZS/USD 1058.0 1180.0 1240.0 1290.0 1393.0 1432.0 UZS/EUR 1431.90 1395.94 1625.89 1856.83 2050.36 2012.68 UZS/RUB 38.02 41.00 47.16 52.28 48.58 42.86 Sources: www.stat.uz, www.statistics.uz . DEMOGRAPHIC STATISTICS Land Frontiers: Total length - 6,221 km. Length of border with Kazakhstan – 2,203 km., Turkmenistan – 1,621 km., Tajikistan – 1,161 km., Indicator Unit 1996 2000 2004 2008* Kyrgystan – 1,099 km., Afghanistan – 137 km. Economically active population, total Thousand people 8588.5 9018.4 9945.5 15644.9 Climate: The climate is sharp continental. Average temperature in January falls as low as -6° C, while average temperature in July reaches Women In % of the total 43.8 44.1 48.2 48.9 +32° C. Men In % of the total 56.2 55.9 51.8 51.1 Natural Resources: The Republic of Uzbekistan has a vast manufacturing and mineral resource potential, unique agricultural inputs, con- Employment, total in the economy: Thousand people 8174.1 8983 9910.6 11035.4 siderable volume of semi-processed goods, rich natural resources and developed infrastructure. In non-governmental sector Thousand people 5517.1 6822 7621 8651.8 Contemporary level of mineral exloration is linked with development of rich deposits of precious, non-ferrous and rare metals, all types of In governmental sector Thousand people 2657.0 2161 2290 2383.6 hydrocarbon fuel - oil, natural gas and gas condensate, brown and half-coking coal, shales, uranium and many types of inputs for building In companies with foreign investment Thousand people 33.6 82 100 145 materials. Uzbekistan has a wide range of mineral resources, including approximately 100 types of minerals, 60 of them are being currently used in Average age years 34.6 35 35.5 36.1 the national economy. *) estimate Uzbekistan ranks among the first not only in the CIS but also in the world in terms of gold, uranium, copper, natural gas, tungsten, potas- Sources: www.stat.uz, www.statistics.uz . sium salts, phosphorite and kaolin clay reserves. Furthermore, Uzbekistan ranks fourth in the world in gold reserves and seventh in gold mining; eighth in natural gas production; tenth-eleventh in copper reserves; seventh-eighths in uranium reserves and eleventh-twelfth in its mining. REPUBLIC OF UZBEKISTAN MACROECONOMIC INDICATORS Location: Central part of Central Asia. A landlocked country. Coordinates: 41o00 northern latitude, 64o00 east longitude. Indicator 2004 2005 2006 2007 2008 1st quarter Neighbors: Kazakhstan, Kyrgystan, Tajikistan, Afghanistan and Turkmenistan. 2009 Area: Total - 447,400 sq.km; land - 425,400 sq. km; water - 22,000 sq. km. GDP, UZS billion (in current prices) 12261.0 15923.4 21124.9 28186.2 36839.4 7795.6 Real GDP growth rate (in % for the previous year) 107.4 107.0 107.5 109.5 109.0 107.9 Share of industrial output in GDP (in %) 17.5 21.1 22.1 24.0 25.7 26.0 Share of agricultural output in GDP (in %) 26.4 26.3 24.1 21.7 20.9 n/a Share of services in GDP (in %) 37.2 37.2 42.5 43.0 45.3 45.5 Exports, USD million 4853.0 5408.8 6389.8 8991.5 11572.9 2493.9 Imports, USD million 3816.0 4091.3 4395.9 5235.6 7504.1 2287.0 Capital investment, in % of GDP 23.5 22 21.6 22.6 23.0 25.0 Discount rate of the Central Bank, % 18.8 16.0 14.0 14.0 14.0 14.0 Inflation (Consumer Price Index), % 3.7 7.8 6.8 6.8 7.8 8.0 Official foreign exchange rates (as of December of the respective year) UZS/USD 1058.0 1180.0 1240.0 1290.0 1393.0 1432.0 UZS/EUR 1431.90 1395.94 1625.89 1856.83 2050.36 2012.68 UZS/RUB 38.02 41.00 47.16 52.28 48.58 42.86 Sources: www.stat.uz, www.statistics.uz . DEMOGRAPHIC STATISTICS Land Frontiers: Total length - 6,221 km. Length of border with Kazakhstan – 2,203 km., Turkmenistan – 1,621 km., Tajikistan – 1,161 km., Indicator Unit 1996 2000 2004 2008* Kyrgystan – 1,099 km., Afghanistan – 137 km. Economically active population, total Thousand people 8588.5 9018.4 9945.5 15644.9 Climate: The climate is sharp continental. Average temperature in January falls as low as -6° C, while average temperature in July reaches Women In % of the total 43.8 44.1 48.2 48.9 +32° C. Men In % of the total 56.2 55.9 51.8 51.1 Natural Resources: The Republic of Uzbekistan has a vast manufacturing and mineral resource potential, unique agricultural inputs, con- Employment, total in the economy: Thousand people 8174.1 8983 9910.6 11035.4 siderable volume of semi-processed goods, rich natural resources and developed infrastructure. In non-governmental sector Thousand people 5517.1 6822 7621 8651.8 Contemporary level of mineral exloration is linked with development of rich deposits of precious, non-ferrous and rare metals, all types of In governmental sector Thousand people 2657.0 2161 2290 2383.6 hydrocarbon fuel - oil, natural gas and gas condensate, brown and half-coking coal, shales, uranium and many types of inputs for building In companies with foreign investment Thousand people 33.6 82 100 145 materials. Uzbekistan has a wide range of mineral resources, including approximately 100 types of minerals, 60 of them are being currently used in Average age years 34.6 35 35.5 36.1 the national economy. *) estimate Uzbekistan ranks among the first not only in the CIS but also in the world in terms of gold, uranium, copper, natural gas, tungsten, potas- Sources: www.stat.uz, www.statistics.uz . sium salts, phosphorite and kaolin clay reserves. Furthermore, Uzbekistan ranks fourth in the world in gold reserves and seventh in gold mining; eighth in natural gas production; tenth-eleventh in copper reserves; seventh-eighths in uranium reserves and eleventh-twelfth in its mining. COST OF DOING BUSINESS IN UZBEKISTAN TASHKENT – 2009 Cost of doing business in Uzbekistan The publication was prepared under the guidance of: Dr. Alisher E. Shaykhov, Chairman of the Chamber of Commerce and Industry of Uzbekistan Work Team: Ulugbek Kamaletdinov Khurshid Imamov Expert Team: Shirin Dosumova Narzullo Oblomurodov Jakhongir Imamnazarov Khusan Shukurov Kamolkhon Inomkhodjaev Saidbek Djurabekov Diyora Kabulova Firdavs Kabilov The publication was supported by UNDP in the framework of projects implementation of “Business Forum of Uzbekistan” and “Support to External Economic Policy”. Distributed free of charge through the Ministry for 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 as well as Business Forum of Uzbekistan www.bfu.uz and Support to External Economic Policy www.investment.uz Projects. © 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. 2 Cost of doing business in Uzbekistan CONTENT Starting a new business .......................................................................................................................................................................5 Registering a company ......................................................................................................................................................................................................................5 Employing staff .......................................................................................................................................................................................................................................5 Licensing..................................................................................................................................................................................................................................9 Standardization and certification................................................................................................................................................................................................10 Commercial (office) property..........................................................................................................................................................................................................13 Developing documentation for architecture and construction and expert examination of business