UZBEKISTAN · CORPORATE & COMMERCIAL LAW
Commercial Contracts in Uzbekistan
Bond Stone drafts, reviews and negotiates commercial contracts governed by or performed under Uzbek law — supply, distribution, agency, services and construction — for foreign companies and investors.
Primary authority: Civil Code of the Republic of Uzbekistan, approved by Law No. 163-I dated 21 December 1995 and Law No. 256-I dated 29 August 1996 (as amended); Law "On Investments and Investment Activity" No. ZRU-598 dated 25 December 2019. Authority: lex.uz
Uzbekistan — Market Context 2025
7.7%
Real GDP growth in 2025
USD 43B
Investment implemented in 2025, of which USD 38.2B FDI — up 24% year on year
22,000+
Foreign-invested enterprises operating in Uzbekistan at 1 October 2026
Key Considerations
Supply & Goods Contracts
International and domestic supply agreements for Uzbekistan — delivery terms, acceptance, quality standards, defect liability, payment mechanics, and currency provisions. Uzbekistan's foreign trade exceeded USD 81 billion in 2025, with exports growing 24%.
Distribution & Agency Agreements
Exclusive and non-exclusive distribution agreements for foreign manufacturers entering the Uzbek market — territory, exclusivity, minimum purchase obligations, sub-distribution rights, and termination.
Service & Consulting Agreements
Professional services, IT, consulting, and management service agreements under Uzbek law — scope, deliverables, payment, IP ownership, confidentiality, and liability. Bond Stone advises on structuring intercompany service agreements for multinational groups, including transfer pricing compliance under Uzbek tax law.
Construction & Infrastructure Contracts
Bond Stone drafts and reviews construction contracts for foreign contractors and developers, advising on Uzbek law-specific requirements for state-tendered projects and PPP arrangements.
Experience
Bond Stone has drafted, reviewed, and negotiated commercial contracts in Uzbekistan across manufacturing, trade, pharmaceuticals, and professional services sectors for Chinese, Turkish, UAE, and European clients. Client confidentiality is maintained across all matters.
Commercial · Uzbekistan · Distribution
Distribution Agreement — Foreign Manufacturer
Drafting and negotiating an exclusive distribution agreement for a foreign manufacturer entering the Uzbek market — territory, exclusivity, minimum purchase obligations, currency provisions, and Tashkent International Arbitration Centre (TIAC) dispute resolution clause.
Commercial · Uzbekistan · Construction
Construction Contract — Infrastructure Project
Reviewing and adapting a construction contract for a foreign contractor on an Uzbek infrastructure project — Uzbek law-specific requirements for state-tendered projects, performance bond provisions, and delay liquidated damages.
Commercial · Uzbekistan · Trade
Supply Agreement — Cross-border Trade
Drafting a cross-border goods supply agreement between a foreign supplier and an Uzbek importer — delivery terms, quality standards, acceptance procedure, currency and payment provisions, and force majeure under Uzbek civil law.
Commercial · Uzbekistan · Agency
Agency Agreement — Commercial Representative
Drafting an agency agreement for a foreign company appointing an Uzbek commercial representative — distinguishing commercial agency from employment to avoid misclassification, commission structure, territory, and termination provisions.
Commercial · Uzbekistan · Technology
Technology Licence — Uzbek Distributor
Drafting a technology licence and distribution agreement for a foreign licensor entering Uzbekistan — IP ownership, royalty structure, sublicensing rights, registration requirements, and TIAC dispute resolution clause.
Commercial · Uzbekistan · Pharmaceuticals
Pharmaceutical Supply Agreement
Drafting a pharmaceutical supply agreement between a Turkish manufacturer and an Uzbek distributor — quality standards, regulatory compliance requirements, product registration obligations, and liability provisions under Uzbek civil law.
Commercial · Uzbekistan · China
Framework Agreement — Chinese Supplier
Drafting a framework supply agreement between a Chinese supplier and an Uzbek buyer for ongoing goods deliveries — order procedures, pricing mechanics, currency provisions, CISG analysis, and force majeure under Uzbek civil law.
Investing in Uzbekistan
Uzbekistan — Investment Framework
- 100% foreign ownership permitted in most sectors — no mandatory local partner requirement
- Enterprise with Foreign Investment (EFI) status confers additional guarantees — Law on Investments and Investment Activity No. ZRU-598 dated 25 December 2019
- 34 Special Economic Zones, 400 Small Industrial Zones (1 July 2026) — tax and customs duty exemptions for qualifying residents
- Active privatisation programme — 29 SOEs being privatised in 2025–2026, IPOs and SPOs of 12 large state enterprises
- Bilateral investment treaties — treaty arbitration access for qualifying investors
- Most foreign-invested enterprises by country at 1 October 2026 — China (6,649), Russia (3,690), Türkiye (2,410), Kazakhstan (1,378), Republic of Korea (744)
Uzbekistan — International Financial Centre (Not Yet Operating)
Tashkent International Financial Centre (TIFC)
Created by Presidential Decree No. UP-48 of 30 March 2026 and Constitutional Law No. ZRU-1158 of 13 July 2026 (in force 25 July 2026), but not yet operating: activation requires TIFC Acts and presidential confirmation. The regime provides for TIFC Acts backed by the common law of England and Wales, an independent TFSA regulator, the Tashkent International Commercial Court, and tax exemptions for qualifying participants, most of them until 1 January 2076. Bond Stone is monitoring the TIFC Acts and will advise on TIFC entry once the Centre is activated.
Tashkent International Financial Centre — full guide →Why Bond Stone
- Tashkent office — direct engagement with Uzbek authorities, registration bodies, and local counterparties
- Active Uzbekistan corporate practice — joint ventures, M&A, commercial contracts, and restructuring across energy, manufacturing, and trading sectors
- Chinese investor expertise — Bond Stone advises Chinese investors entering Central Asia through Uzbekistan
- Ranked Legal 500 EMEA and IFLR1000
Primary authority: lex.uz
Discuss your Uzbekistan matter
Contact Bond Stone for a confidential discussion about commercial contracts in Uzbekistan.
info@bondstonelaw.com
+7 (701) 729 76 72 — Almaty
Request a Confidential Consultation ← Legal Due Diligence Uzbekistan Corporate Restructuring → ← Corporate & Commercial Law Hub