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Political & Economic Stability

Why Uzbekistan?

Political & Economic Stability

Uzbekistan stands as a beacon of political and economic stability in Central Asia, offering a secure and favorable environment for IT companies seeking a robust foundation for growth and innovation.

Between 2019 and 2023, Uzbekistan undertook a series of comprehensive reforms, which were implemented to varying degrees of success, and earned a positive assessment regionally and internationally.
uzbekistan image
uzb
Official name
Republic of Uzbekistan
CA
Region: Central Asia
60% of CA population
PCR
Form of government
Presidential Constitutional Republic
Capital
Capital
Tashkent
UZS
UZS
Currency Uzbek sum
GDP
GDP Growth
6%(2023)
Population
37 mln
population
Age
29 y.o.
Average age
Literacy
99%
Literacy rate
Internet coverage
99%
Internet coverage
uzbekistan image
area
Area
448 990
sq. km
Languages
Languages
Languages
Uzbek

Uzbek

(official)
Russian

Russian

(widely used)
English

English

(increasingly developing)

Here's a closer look at the key factors that underpin Uzbekistan's political and economic stability:

Strong Leadership
Strong Leadership
Strong Leadership

Under the leadership of President Shavkat Mirziyoyev, Uzbekistan has undergone significant political and economic reforms aimed at modernizing the nation and fostering stability. These reforms have created a predictable and transparent business environment.

Steady Economic Growth
Steady Economic Growth
Steady Economic Growth

Uzbekistan's economy has experienced consistent growth in recent years. It is one of the fastest growing economies in Central Asia: Despite the COVID-19 pandemic, the country's GDP grew by 1.9% in 2020, with a subsequent strong recovery of 7.4% in 2021, and with 5.7% in 2022 according to the State Committee of the Republic of Uzbekistan on Statistics (SCS). This stable economic foundation provides a resilient platform for IT companies to thrive.

Investment-Friendly Policies
Investment-Friendly Policies
Investment-Friendly Policies

The government of Uzbekistan has actively pursued policies to attract foreign investment. These initiatives include simplified registration processes, tax incentives, and protection of intellectual property rights, making it an attractive destination for international businesses.

Improved Ease of Doing Business
Improved Ease of Doing Business
Improved Ease of Doing Business

Uzbekistan has made significant strides in the World Bank's Ease of Doing Business Index, advancing from 154th place in 2020 to 69th place in 2021. This improvement highlights the government's commitment to creating a favorable business environment.

Political Stability
Political Stability
Political Stability

Uzbekistan has maintained political stability, with a commitment to good governance and rule of law. The government's efforts to reduce bureaucracy and improve transparency contribute to the overall stability of the nation.

Secure Business Environment
Secure Business Environment
Secure Business Environment

Uzbekistan is recognized for its safety and security, creating a reassuring atmosphere for businesses and investors. Effective law enforcement and the friendly disposition of the local population ensure a secure environment for business operations.

uzbekistan image

International Ratings

“Country of the Year”
“Country of the Year”
for its political and economic reforms according to The Economist (2019)
GGL
9th
Gallup’s Global Law and Order Index in the world
rank
99%
Safety ranking in the world
Visa
90+ countries
Visa free regime
GDP
25th
GDP growth rate in the world

LEGAL ACTS

Указ Президента Республики Узбекистан, от 30.06.2017 г. УП-5099"О МЕРАХ ПО КОРЕННОМУ УЛУЧШЕНИЮ УСЛОВИЙ ДЛЯ РАЗВИТИЯ ОТРАСЛИИНФОРМАЦИОННЫХ ТЕХНОЛОГИЙ В РЕСПУБЛИКЕ"

Постановление Кабинета Министров Республики Узбекистан, от 15.07.2019 г. 589"О МЕРАХ ПО ОРГАНИЗАЦИИ ДЕЯТЕЛЬНОСТИ ТЕХНОЛОГИЧЕСКОГО ПАРКА ПРОГРАММНЫХ ПРОДУКТОВ И ИНФОРМАЦИОННЫХ ТЕХНОЛОГИЙ"

Постановление Президента Республики Узбекистан, от 26.02.2024 г.ПП-87"О ДОПОЛНИТЕЛЬНЫХ МЕРАХ ПО РАЗВИТИЮ В СТРАНЕ ЭКСПОРТА УСЛУГ В СФЕРЕ ЦИФРОВИЗАЦИИ"

Постановление Президента Республики Узбекистан, от 22.08.2022 г. № ПП-357"О МЕРАХ ПО ПОДНЯТИЮ НА НОВЫЙ УРОВЕНЬ СФЕРЫ ИНФОРМАЦИОННО-КОММУНИКАЦИОННЫХ ТЕХНОЛОГИЙ В 2022-2023 ГОДАХ"

Постановление Кабинета Министров Республики Узбекистан, от 04.09.2023 г. № 447"ОБ УТВЕРЖДЕНИИ ПЕРЕЧНЯ ВИДОВ УСЛУГ В СФЕРЕ ИНФОРМАЦИОННО-КОММУНИКАЦИОННЫХ ТЕХНОЛОГИЙ"

Постановление Кабинета Министров Республики Узбекистан, от 15.04.2022 г. № 191"О ВНЕСЕНИИ ИЗМЕНЕНИЙ И ДОПОЛНЕНИЙ В НЕКОТОРЫЕ ПОСТАНОВЛЕНИЯ ПРАВИТЕЛЬСТВА РЕСПУБЛИКИ УЗБЕКИСТАН В СВЯЗИ С ВНЕДРЕНИЕМ «IT-VISA» В СФЕРЕ ИНФОРМАЦИОННО-КОММУНИКАЦИОННЫХ ТЕХНОЛОГИЙ И СОВЕРШЕНСТВОВАНИЕМ ПОРЯДКА ВЕДЕНИЯ ГОСУДАРСТВЕННОГО КАДАСТРА ОБЪЕКТОВ СВЯЗИ"