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TASHKENT, Uzbekistan, February 23. Uzbekistan’s
law “On State Duty” reduces the rate of duty for registering a
company with foreign investment 10 times – from 3.4 million to
340,000 soums (from $276 to $27), Trend reports.
Uzbekistan’s president Shavkat Mirziyoyev signed a law amending
legislation to harmonize it with the World Trade Organization
agreements on February 15.
The draft law was passed by the lower chamber of Uzbekistan’s
Parliament in late December and received Senate approval in
January. It affects advertising, trademarks and intellectual
property, as well as state duties.
Also, the restriction on advertising of imported beer, natural
and sparkling wines is canceled. The current version of the law “On
Advertising” allows to promote only beer and wine of local
producers under certain conditions.
Earlier, president of Uzbekistan Shavkat Mirziyoyev signed the
Law “On Privatization of State Property”. According to the law, the
objects of privatization of state property are state-owned
properties, state interests (shares, stakes), state unitary
enterprises, and institutions.
State property may be fully or partially privatized, except for
what is not subject to privatization under the legislation on state
property management.
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