Why is Uzbekistan the Ideal Country for Investment and Business Development?
Uzbekistan is a country with a unique geographical location, a dynamically growing economy, and an attractive investment climate. In recent years, the government has taken significant steps to liberalize the economy, create a favorable business environment, and actively attract foreign investors. Thanks to these reforms, Uzbekistan is becoming one of the most promising markets for international business in Central Asia.
Economic Growth and Stability
Uzbekistan’s economy is showing steady growth. According to the World Bank and the International Monetary Fund, the country’s GDP grows by 6–7% annually, making it one of the fastest-growing markets in the world.
The key drivers of Uzbekistan’s economic growth include:
- Diversification of industry and development of the non-resource sector.
- Growth in exports of high value-added products.
- Active privatization and development of the private sector.
- Introduction of digital technologies and innovative solutions into the economy.
- Development of industry and green energy.
In 2024, Uzbekistan was ranked among the top countries with the greatest improvement in business conditions (according to the World Bank), thanks to the reduction of bureaucratic barriers, improved infrastructure, and enhanced investor protection.
Investment Attractiveness
Uzbekistan offers unique opportunities for foreign investors to develop their businesses, including:
- Free Economic Zones (FEZs): The country has 22 FEZs with special tax and customs benefits for foreign companies, allowing them to reduce costs and increase project profitability.
- Government Support Programs: The government actively supports investors by providing tax incentives, grants, and preferential loans for priority sectors.
- Rich Natural Resources: Uzbekistan possesses large reserves of gold, gas, oil, copper, uranium, and rare earth metals, making it a strategically important country for resource-dependent industries.
- Developed Transport Infrastructure: Uzbekistan serves as a logistical hub for Central Asia, connecting the largest markets of China, Europe, and the Middle East.
- Demographic Potential: The country’s population exceeds 37.5 million, most of whom are young, educated, and skilled professionals ready to work in modern international companies.
Key Investment Sectors
- Industry and Manufacturing – Development of automotive, chemical, metallurgy, textile, and consumer goods sectors.
- Green Energy – Development of solar and wind energy, investments in energy-efficient technologies.
- Tourism and Hospitality – Rapid growth of tourism infrastructure, simplified visa policies, and government support programs for tourism.
- IT and Digital Economy – Rapid expansion of the startup ecosystem, digital services, and e-commerce.
- Agro-Industrial Complex – Investments in agricultural product processing, organic farming, and export-oriented agriculture.
Every International Company Should Establish Its Business in Uzbekistan!
The combination of strategic location, a growing economy, tax benefits, and favorable investment policies makes Uzbekistan an ideal place for international companies looking to scale and expand into new markets. Establishing a business here not only provides access to a 37-million internal market but also facilitates operations in CIS countries, China, Turkey, Europe, and the Middle East.
Uzbekistan attracts not only large corporations but also startups, small, and medium-sized businesses. Investors can take advantage of favorable conditions, minimal competition in certain sectors, and strong government support.
How to Start a Business in Uzbekistan?
Navigating business registration, legal procedures, tax consulting, and investment analysis can be complex for foreign companies. That’s why INVEXI offers comprehensive solutions for a seamless market entry into Uzbekistan.
INVEXI – Your Reliable Partner in Uzbekistan!
We provide assistance in:
- Business registration and selection of the optimal legal structure.
- Market analysis and entry strategy.
- Interaction with government authorities and business partners.
- Financial, tax, accounting, and legal consulting.
- Marketing strategy development and business scaling.
Why Work With Us?
- Deep understanding of the local market and legislation.
- Strong connections with the business community and government institutions.
- A comprehensive approach to investment and business development.
- Transparent and efficient mechanisms for working with foreign companies.
Start Your Path to Success in Uzbekistan Today!
Do not miss the opportunity to expand your business in one of the most promising countries in Central Asia. Contact the experts at INVEXI and take your first step toward successful investment in Uzbekistan!