Incentives for major urban development projects in New Tashkent and the regions
On November 11, 2026, a Presidential Decree was adopted to enhance the investment attractiveness of New Tashkent and the regions, support major urban development projects, and remove administrative barriers.
Under the decree, a special regulatory sandbox regime will be introduced in designated areas for large-scale projects, while investors will be granted tax benefits and preferences.
To enhance the country’s investment appeal and tourism potential, support will be provided for major urban development projects worth at least $50 million in New Tashkent and the regions. Administrative and bureaucratic obstacles to implementing investment initiatives will also be removed.
The decree provides for the introduction of a special regulatory sandbox regime to support major urban development investment projects in the areas specified in its annex.
Under the special legal regime, incentives and preferences will be granted based on the principle of the “state as an investment partner”.
Legal entities will be exempt from property and land taxes for 20 years on properties used in urban development projects with investments of at least $50 million.
Services purchased by the general contractor and the lead design organization from foreign individuals and legal entities that do not operate in the Republic of Uzbekistan as part of an urban development project will be exempt from value-added tax (VAT).
Until January 1, 2040, dividend income received by investors (project initiators) from urban development projects will be exempt from taxation, provided that the income is reinvested in the Republic of Uzbekistan.
UzA
