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Business Reforms in Uzbekistan

= Doing Business reform making it easier to do business. Negative =  Change making it more difficult to do business.

DB2018

Starting a Business: Uzbekistan made starting a business easier by rolling out a new platform for business registration, starting with name verification as the first step.

Dealing with Construction Permits: Uzbekistan made dealing with construction permits easier by streamlining the process of obtaining approvals of land plot allocations from various agencies.

Getting Electricity: Uzbekistan streamlined the process of obtaining an electricity connection by introducing a turnkey service at the utility that fulfills all connection-related services, including the design and completion of the external connection.

Protecting Minority Investors: Uzbekistan strengthened minority investor protections by increasing corporate transparency requirements.

Paying Taxes: Uzbekistan made paying taxes easier and less costly by introducing an electronic system for filing and paying VAT, land tax, unified social payments, CIT, infrastructure development tax, environmental tax, personal pension fund contributions and cumulative pension contributions. On the other hand, land tax rates were increased.

DB2017

Registering Property: Uzbekistan made transferring a property easier by increasing transparency of information.

Protecting Minority Investors: Uzbekistan strengthened minority investor protections by clarifying ownership and control structures.

Paying Taxes: Uzbekistan made paying taxes less costly by reducing the unified social payment rate paid by employers and the corporate income tax rate. However, the land tax rates in city of Tashkent increased.

DB2016

Starting a Business: Uzbekistan made starting a business easier by introducing an online one-stop shop and streamlining registration procedures.

Registering Property: Uzbekistan made transferring property easier by eliminating the requirement to provide several different nonencumbrance certificates, though it also increased the costs associated with property transfers.

Getting Credit: Uzbekistan improved access to credit by adopting new laws on secured transactions that allow a general description of assets granted as collateral and establish a modern, unified, notice-based collateral registry.

DB2015

Protecting Minority Investors: Uzbekistan strengthened minority investor protections by introducing a requirement for public joint stock companies to disclose information about related-party transactions in their annual report; setting higher standards for disclosure of such transactions to the board of directors; and establishing the right of shareholders to receive all documents related to such transactions.

Trading across Borders: Uzbekistan made trading across borders easier by reducing the number of documents to export and import and by making it possible to submit documents electronically.

DB2014

Starting a Business: Uzbekistan made starting a business easier by abolishing the paid-in minimum capital requirement and by eliminating the requirement to have signature samples notarized before opening a bank account.

Registering Property: Uzbekistan made transferring property easier by reducing the notary fees.

Getting Credit: Uzbekistan improved access to credit information by expanding the scope of credit information and requiring that more than 2 years of historical data be collected and distributed.

Paying Taxes: Uzbekistan made paying taxes easier for companies by eliminating some small taxes.

Trading across Borders: Uzbekistan made trading across borders easier by eliminating the need to register import contracts with customs, tightening the time limits for banks to register export or import contracts and reducing the number of export documents required.

Enforcing Contracts: Uzbekistan made enforcing contracts easier by introducing an electronic filing system for court users.

DB2013

Starting a Business: Uzbekistan made starting a business easier by introducing an online facility for name reservation and eliminating the fee to open a bank account for small businesses.

Getting Credit: Uzbekistan improved access to credit information by guaranteeing borrowers’ right to inspect their personal data.

Trading across Borders: Uzbekistan reduced the time to export by introducing a single window for customs clearance and reduced the number of documents needed for each import transaction.

Resolving Insolvency: Uzbekistan strengthened its insolvency process by introducing new time limits for insolvency proceedings and new time limits and procedures for the second auction and by making it possible for businesses to continue operating throughout the liquidation proceeding.

DB2012

Starting a Business: Uzbekistan made starting a business easier by reducing the minimum capital requirement, eliminating 1 procedure and reducing the cost of registration.

DB2011

Dealing with Construction Permits: Uzbekistan increased all fees for procedures relating to construction permits.

DB2010

Dealing with Construction Permits: Uzbekistan made dealing with construction permits less costly by reducing the building permit fees.

Paying Taxes: Uzbekistan made paying taxes easier for companies through a new tax code combining corporate income tax provisions.

DB2009

Getting Credit: In Uzbekistan a private credit bureau (Inter Bank Kredit Bureau) started collecting information on the repayment patterns of individual borrowers as well as firms.

DB2008

Starting a Business: Uzbekistan made starting a business easier by eliminating the requirement for substantive review at the registry, simplifying internal procedures and clarifying rules for refusal of registration.

Registering Property: Uzbekistan made registering property easier and less costly by introducing a formula for calculating the fee to notarize a property sale agreement that takes into account the minimum wage.

Paying Taxes: Uzbekistan made paying taxes easier and less costly for companies by abolishing the ecology tax, reducing the number of payments required for the corporate income tax and reducing the corporate income tax rate and the unified social payment rate.

Resolving Insolvency: Uzbekistan made resolving insolvency easier by adopting legislation on the voluntary liquidation of private companies.