Uzbekistan introduces 3-year investor visa to attract foreign investment

TASHKENT (TCA) — Uzbekistan has introduced a three-year investor visa for foreigners and stateless people if they invest a minimum of US $183,000 in the country’s economy, Xinhua news agency reported with reference to the Uzbek Justice Ministry.

The ministry said on September 20 that the new measure is part of the Uzbek government’s efforts to attract foreign investments and make the country attractive for tourists.

Earlier this year, Uzbekistan introduced compatriot, student, academic, medical and pilgrimage visas.

The country has been implementing a set of measures to boost tourism and has introduced 30-day visa-free regime for citizens of 85 countries.

Uzbekistan has been carrying out economic reforms in the last two years to attract foreign investment and President Shavkat Mirziyoyev has tasked the government with increasing the volume of foreign direct investment up to 4.2 billion dollars in 2019.

Sergey Kwan

TCA

Sergey Kwan has worked for The Times of Central Asia as a journalist, translator and editor since its foundation in March 1999. Prior to this, from 1996-1997, he worked as a translator at The Kyrgyzstan Chronicle, and from 1997-1999, as a translator at The Central Asian Post.
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Kwan studied at the Bishkek Polytechnic Institute from 1990-1994, before completing his training in print journalism in Denmark.

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