What happened
The Central Bank changed the procedure for conducting foreign exchange transactions related to capital movement. Starting January 1, 2026, Uzbekistan’s residents — both individuals and legal entities — will be able to invest in companies registered in the US without obtaining a separate government permit. The amendments are implementing the presidential decree of November 11 on the establishment of the American-Uzbek Business and Investment Council.
Why is this important
The abolition of permits and limits reduces administrative barriers, expands opportunities for international business and asset diversification. This strengthens Uzbekistan’s integration into global investment chains and stimulates bilateral economic relations with the US. The relaxation also enhances Uzbekistan’s attractiveness as a jurisdiction supporting openness and business capitalization.
Numbers and facts
- From January 1, 2026, government permission is not required.
- The previously valid $10 thousand limit for transactions with US residents is being lifted.
- Allowed funds transfers for:
— creation of a company or acquisition of a share/shares;
— replenishment of branches’ working capital;
— investments of any amount within the limits of own funds in accounts in banks of Uzbekistan. - The relaxation applies only to the US; restrictions remain for other countries.
- Changes have not yet been made to the law “On Currency Regulation”.
Context
The decree on the establishment of the American-Uzbek Business and Investment Council is aimed at developing the strategic partnership between the two countries. The liberalization of currency rules can stimulate the flow of direct and portfolio investments, as well as simplify the entry of Uzbek companies into the American market.
