Bond Stone advises foreign investors, international lenders, and technology companies entering Uzbekistan's rapidly reforming market — from corporate establishment and banking regulation to fintech licensing and planning for the Tashkent International Financial Centre, which is not yet operating.
Company formation (LLC), joint venture structuring, branch registration, and corporate governance for foreign-invested entities operating under Uzbekistani law.
Central Bank of Uzbekistan (CBU) licensing for banking and payment activities, foreign exchange regulation, loan documentation governed by Uzbekistani law, and cross-border financing structures for projects with an Uzbekistan nexus.
Electronic payment systems licensing, digital banking authorisation, cryptocurrency and digital asset advisory, and structuring under Uzbekistan's rapidly developing technology regulation framework.
Investment contract negotiations with Uzbekistani state authorities, special economic zone incentives, land use rights for foreign investors, and public-private partnership structures.
Sector-specific licensing, anti-monopoly compliance, environmental permitting, and regulatory interaction with Uzbekistani state agencies including the Ministry of Economy and Finance.
Advisory on the Tashkent International Financial Centre framework, which is not yet operating: preparing for TIFC registration and licensing, governing law structuring for transactions with Uzbekistani parties, and English-law documentation in the TIFC context.
Since 2017 Uzbekistan has pursued a broad legal and economic reform programme. Currency liberalisation, privatisation, investment law overhaul, and the creation of the Tashkent International Financial Centre, which is not yet operating, have fundamentally changed the landscape for foreign investors.
Bond Stone has followed this reform cycle closely from its Tashkent office, advising clients on structuring transactions to take advantage of new frameworks while managing residual regulatory risk where reforms are still in progress.
The official database of Uzbek legislation is lex.uz.
Our Tashkent team advises foreign investors on company formation, M&A, tax, employment and regulatory matters in Uzbekistan. All engagements commence with a signed Engagement Letter.