In Uzbekistan, rules for the operation of investment platforms—online venues through which investments can be attracted directly—have been approved. The corresponding regulation was adopted by the National Agency for Perspective Projects (NAPP).

This concerns the “Regulatory Sandbox” special legal regime, which allows for the testing of new investment mechanisms. It is intended primarily for startups, as well as small and medium-sized businesses for whom entering the stock market is either difficult or premature.

Investment platforms provide the opportunity to invest money online—into business equity, partnership projects, venture capital, and other project formats. Unlike a stock exchange, this does not require the issuance of securities, listing, or the participation of brokers.

Only legal entities that are residents of Uzbekistan and registered as operators of investment platforms will be able to operate under this regime. Clear requirements have been established for them: transparency of conditions and risks, electronic execution of contracts, protection of investors’ rights, settlements via escrow accounts, and compliance with anti-money laundering rules.

All operations on the platforms must be digital—from the conclusion of contracts to the recording of investors’ rights and the processing of payments. This is intended to increase trust between investors and project owners.

Authorities expect that the introduction of investment platforms will expand funding sources for business, attract more private investors, including those from abroad, and accelerate the development of digital investments in the country.

The new rules entered into force on January 13, 2026, and will remain in effect until October 1, 2026.

Source: Lex.uz