Since May 1, citizens of foreign countries have been allowed to invest in Uzbekistan in the form of acquiring new real estate objects under construction (with the exception of land plots) without requiring a residence permit in the country. The list of objects will be approved by the government. This is stated in the presidential decree of April 8 “On the next reforms to create conditions for stable economic growth by improving the business environment and developing the private sector.”
The cost of real estate objects for investment should be (in accordance with contracts concluded during the construction period) in Tashkent, Samarkand and the Tashkent region not less than the equivalent of 150 thousand US dollars, and objects accepted for operation – 180 thousand. For other regions, the amount is 70 thousand and 80 thousand dollars, respectively.
The acquisition of real estate under this scheme is not a basis for obtaining permanent registration and residence permit in Uzbekistan.
The decree also reduced the amount of the cost of real estate in Tashkent and the Tashkent region, by purchasing which you can obtain a residence permit in Uzbekistan, from 400 thousand to 300 thousand dollars (for other regions, the amount ranges from 100 thousand to 200 thousand dollars). Citizens of 111 countries have the right to obtain a residence permit in this way.
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