Uzbekistan offers incentives to foreign residents for development of IT-services
In accordance with the Statistics Agency under the President of of Uzbekistan, in 2022, the share of information and communication technology (ICT) services in Uzbekistan’s economy was 1.7%.
The added value of ICT services consists of communication services – 66.5%, computer programming, consulting and other related services – 19.4%, data hosting and processing services, Web portals – 7.0%, repair of computers and communication equipment – 4.7%, software release – 2.4%.
In accordance with the legislation of Uzbekistan IT-visa is granted for up to 3 years. It gives an advantage to receive education and medical services on the terms provided for citizens of Uzbekistan, and the opportunity to purchase real estate of any value.
IT-visa is issued by the territorial divisions of the internal affairs bodies of Uzbekistan at the place of temporary residence of the applicant based on the recommendation of the IT-Park Directorate. At the same time, family members (spouse, parents, children) are issued a visitor visa.
IT-card – a type of recommendation issued by the Directorate to foreign citizens, on the basis of which an IT-visa is issued for citizens with a visa regime, or only an IT-card for citizens with a visa-free regime, to use incentives and preferences.
Recommendations for obtaining IT-visa and IT-card can be received by the following persons (https://itvisa.uz/en):
1) An investor is an individual or a representative of a foreign investment company providing financing to a Legal Entity operating in the field of information technology through an Agreement in the amount of at least the equivalent of 10 thousand US dollars.
2) IT-specialist is a specialist who has a qualification/specialization in the field of information technology, is employed in a legal entity of a resident of Uzbekistan in an IT-specialty and confirms his income from IT-activities is not less than the equivalent of 30,000 US dollars for the last 12 months at the time of application.
3) The founder of an IT-Park resident is an individual who is the founder / founder of a legal entity of a Technopark resident, duly registered and included in the Unified Register of Residents.
Tax incentives and preferences for IT-Park residents:
- Full exemption from all types of taxes – 0%;
- Exemption from customs charges– 0%;
- Personal income tax rate – 7,5%;
- Tax on dividends – 5%.
Opportunities for IT-Park residents:
- Virtual office;
- Dividend payments in foreign currency;
- Salary payments in foreign currency;
- Work permit for foreigners is not required.
IT-Park’s assistance through Relocation Program:
1) IT-companies:
- Registration of legal entity;
- Opening a bank account;
- Registration with the tax authorities;
- Search for professionals;
- Searching and renting an office.
2) IT-professionals:
- Employment in the company;
- Registration of medical insurance;
- Search for accommodation;
- Opening a bank account;
- Preparation of documents;
- Finding an employer.
