NEWS AND EVENTS
June 13, 2014
New legislative documents designed to further improve the investment climate and business environment in the Republic of Uzbekistan
On April 15th 2014, the Presidential Resolution, “On measures to further improve the procedures associated with the carrying out of entrepreneurial activity and the provision of state services” No ÏÏ-2164 (hereinafter to be referred to as the “Resolution”) has been passed in the Republic of Uzbekistan within the framework of the Program of measures to implement the priorities specified in the Concept of Further Intensification of Democratic Reforms and Formation of Civil Society in the Country. Aimed at deepening democratic market reforms and liberalizing the national economy, the Concept has been approved by the Decree of the President of the Republic of Uzbekistan (No P-3357) as of 14th January 2011, following the analysis of laws that regulate the improvement of entrepreneurial activity.
A given Resolution has been worked out in keeping with the Presidential Decree No ÓÏ-4609 “On additional measures to further improve the investment climate and business environment in the Republic of Uzbekistan” dated 7th April 2014, with a view to simplifying and reducing the price of such procedures as licensing and issuance of permitting documents. Another purpose of this document is to grant more freedoms to entrepreneurs.
The Resolution approves a package of proposals elaborated by the Ministry of Economy, the Ministry of Justice, the Ministry of Finance, the State Committee on Privatization, Demonopolization and Development of Competition, the State Committee on Communications, Informatization and Telecommunication Technologies, the Chamber of Commerce and Industry of the Republic of Uzbekistan and other interested ministries and departments. These proposals include:
The lifting, since 1st June 2014, of several lines of licensed activities and permitting documents in the field of entrepreneurship;
The reduction of the time and rates of duties charged for the registration of licensed lines of activities and the execution of permitting procedures;
The further reduction and simplification of procedures associated with the issuance of permitting documents and licences.
It is directly relevant to mention the lifting, since 1st June 2014, of the obligation to obtain a resolution from OAO Uzbekekspertiza on the possibility of exporting used machinery, equipment and mechanisms. This change in the field of foreign economic activity covers the CN FEA 84 – 89 groups of codes.
As well as that, the Uzbek government has approved the following measures to reduce and simplify such procedures as the issuance of licences and permitting documents in the field of foreign economic activity:
The requirement to obtain a permit for exportation of used machinery, equipment and mechanisms (CN FEA 84 – 89 codes) by legal entities without a state share in their authorized capital has been lifted. A given requirement applies in the following cases:
The complete wear and tear of machinery, equipment and mechanisms;
5 years passed from the date of acquisition of machinery, equipment and mechanisms.
The requirement to obtain a resolution on coordination of a technical-and-economic assessment of a commodity processing process on/outside the customs territory has been lifted. A given requirement doesn’t apply to enterprises with a state share in their authorized capital.
Additionally, starting 1st June 2014, the Resolution in question establishes a procedure, according to which entrepreneurs are entitled to perform the following procedures electronically:
- the submission and consideration of applications from entrepreneurs asking for their inclusion into the Localization Program – to the Ministry of Economy, the Ministry of Foreign Economic Relations, Investments and Trade and the State Committee on Privatization, Demonopolization and Development of Competition of the Republic of Uzbekistan;
- the submission of documents required to receive credits in national currency for the term of up to 1 year – to the commercial banks that provide services to entrepreneurs.
Besides, in order to guarantee the implementation of this Resolution, the Cabinet of Ministers of the Republic of Uzbekistan, in conjunction with other authorities, such as the Ministry of Economy, the Ministry of Justice and the State Committee on Communications, Informatization and Telecommunication Technologies of the Republic of Uzbekistan, are commissioned with realizing the following special measures:
To ensure, till 1st January 2015, the introduction, at legislative level, of the “one-counter” principle when it comes to licensing several lines of activities;
To finalize, by the end of 2014, the development and introduction of software products for entrepreneurs to be able to present, in electronic form, their periodical accounts on how the terms of licensing agreements are executed.
At the same time, the government has approved the List of Projects to introduce priority interactive services for entrepreneurs through the Single Portal of Interactive State Services. In addition, the authorized body is charged with ensuring, starting 1st October 2014, the functioning of an entrepreneur’s personal room in the Single Portal of Interactive State Services of the Republic of Uzbekistan, which makes it possible to perform the following operations:
The interactive registration and presentation of financial, tax, statistical and other accounts;
Payment of taxes and other obligatory duties, payments for municipal services, deductions and state duties charged for consideration and registration of permitting documents and licences via the Internet-Banking System;
Receipt of information and other types of interactive state services.
(Source: “Business partner” newspaper)