Republic of Uzbekistan
Capital: Tashkent HDI: 0.675 (114th)
Language: Uzbek
GDP (PPP): $183.933 billion
Currency: Uzbekistan Som
Population: 31.6 million
Uzbekistan is a Central Asian nation and former Soviet republic. It’s known for its mosques, mausoleums and other sites linked to the Silk Road, the ancient trade route between China and the Mediterranean. Samarkand, a major city on the route, contains a landmark of Islamic architecture: the Registan, a plaza bordered by 3 ornate, majolica-covered madrassas dating to the 15th and 17th centuries. Uzbekistan’s economy relies mainly on commodity production, including cotton, gold, uranium, and natural gas. Despite the declared objective of transition to a market economy, its government continues to maintain economic controls which imports in favor of domestic “import substitution”.
RESEARCH
Economic Overview
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Uzbekistan Economy 2016
http://www.theodora.com/wfbcurrent/uzbekistan/uzbekistan_economy.html
Export of hydrocarbons, primarily natural gas, provides a significant share of foreign exchange earnings. Other major export earners include gold and cotton.
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Uzbekistan: Economy | Asian Development Bank
http://www.adb.org/countries/uzbekistan/economy
Despite a challenging external environment, rising public investment buoyed economic growth in Uzbekistan at 8.0% in 2015. Trade contracted sharply, and the current account surplus narrowed. Growth is expected to slow to 6.9% in 2016, reflecting continued weakness in trade partners, before recovering to 7.3% in 2017 as the global outlook improves.
Industry Trends & Business Climate
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Social Issues / Business Climate – Embassy of Uzbekistan
http://www.uzbekistan.org/social_issues/business_climate/
A commentary on the business climate in Uzbekistan and a listing of social issues (dated)
Establishing a Presence
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Starting a Business in Uzbekistan
http://www.doingbusiness.org/data/exploreeconomies/uzbekistan/starting-a-business
This site provides a detailed summary of the bureaucratic and legal hurdles faced by entrepreneurs wishing to incorporate and register a new firm in Uzbekistan.
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Starting a Business in Uzbekistan
http://www.doingbusiness.org/data/exploreeconomies/uzbekistan/starting-a-business
This site provides a detailed summary of the bureaucratic and legal hurdles faced by entrepreneurs wishing to incorporate and register a new firm in Uzbekistan.
Taxes
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Uzbekistan Sales Tax Rate | 2014-2016
http://www.tradingeconomics.com/uzbekistan/sales-tax-rate
The Sales Tax Rate in Uzbekistan stands at 20 percent.
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Uzbekistan Corporate Tax Rate | 2004-2016
http://www.tradingeconomics.com/uzbekistan/corporate-tax-rate
The Corporate Tax Rate in Uzbekistan stands at 8 percent. Corporate Tax Rate in Uzbekistan averaged 11.33 percent from 2004 until 2015, reaching an all time high of 20 percent in 2004 and a record low of 8 percent in 2014. Corporate Tax Rate in Uzbekistan is reported by the State Tax Committee.
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Uzbekistan, Republic of – Taxes on corporate income
http://taxsummaries.pwc.com/uk/taxsummaries/wwts.nsf/ID/Republic-of-Uzbekistan-Corporate-Taxes-on-corporate-income
CIT is charged on taxable profit calculated as a difference between gross income and deductible expenses reduced by applicable incentives granted by the Tax Code, other laws, or presidential decrees.
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Uzbekistan Personal Income Tax Rate | 2006-2016
http://www.tradingeconomics.com/uzbekistan/personal-income-tax-rate
The Personal Income Tax Rate in Uzbekistan stands at 23 percent. Personal Income Tax Rate in Uzbekistan averaged 23.56 percent from 2006 until 2015, reaching an all time high of 29 percent in 2006 and a record low of 22 percent in 2009. Personal Income Tax Rate in Uzbekistan is reported by the State Tax Committee.
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Uzbekistan, Republic of – Taxes on personal income
http://taxsummaries.pwc.com/uk/taxsummaries/wwts.nsf/ID/Republic-of-Uzbekistan-Individual-Taxes-on-personal-income
Both residents and non-residents are subject to tax in Uzbekistan. Residents are taxed on their worldwide income; non-residents are taxed on income from sources in Uzbekistan.
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Paying Taxes in Uzbekistan – Doing Business
http://www.doingbusiness.org/data/exploreeconomies/uzbekistan/paying-taxes
A summary of the tax structure in Uzbekistan including VAT
Visas
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Visa to Uzbekistan
http://evisa.mfa.uz/evisa_en/
Visa application procedure from the Ministry of Foreigh Affairs
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Uzbekistan – travel.state.gov
https://travel.state.gov/content/passports/en/country/uzbekistan.html
See “Entry, Exit & Visa Requirements” on this site
Infrastructure
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Uzbekistan Transportation
https://www.virtualtourist.com/travel/Asia/Uzbekistan/Transportation-Uzbekistan-TG-C-1.html
66 tips on getting to and getting around Uzbekistan from real travelers and locals.
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Transport in Tashkent, Uzbekistan – Lonely Planet
http://www.lonelyplanet.com/uzbekistan/tashkent/transport
22 transport options in Tashkent, Uzbekistan – including Uzbekistan Airways, TashkentInternational Airport, and Aeroflot.
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Uzbekistan – Telecoms, Mobile, Broadband
http://www.budde.com.au/Research/Uzbekistan-Telecoms-Mobile-Broadband-Statistics-and-Analyses.html
By early 2016 there were almost 24 million mobile subscribers. This represented a penetration of 80%, still a relatively low penetration by general standards applicable to the developing markets across the region. – See more at: http://www.budde.com.au/Research/Uzbekistan-Telecoms-Mobile-Broadband-Statistics-and-Analyses.html#sthash.ITSA44Do.dpuf
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Telecommunications in Uzbekistan
https://en.wikipedia.org/wiki/Telecommunications_in_Uzbekistan
Telecommunications networks in Uzbekistan are largely based on Soviet-built infrastructure but with many modern additions, making the country one of the leading influences in the region in informational development.
Employer Obligations
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Labor Market Regulation in Uzbekistan
http://www.doingbusiness.org/data/exploreeconomies/uzbekistan/labor-market-regulation
This site provides a detailed summary of some of the labor regulations that would apply to local entrepreneurs wishing to hire workers, organize working schedules, improve job quality for workers, or make workers redundant for economic reasons in Uzbekistan.
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List of Law Firms in Uzbekistan
http://uzbekistan.usembassy.gov/law_firms_list.html
No information readily available on the labor law in Uzbekistan but this site is a list of law firms in Uzbekistan
Culture/Living
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Uzbekistan – travel.state.gov
https://travel.state.gov/content/passports/en/country/uzbekistan.html
See “Safety and Security” on this site
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Uzbekistan travel advice – GOVUK
https://www.gov.uk/foreign-travel-advice/uzbekistan/safety-and-security
Latest travel advice from the UK government for Uzbekistan including safety and security, entry requirements, travel warnings and health
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Cost of Living in Uzbekistan
http://www.numbeo.com/cost-of-living/country_result.jsp?country=Uzbekistan
Average prices of more than 40 products and services in Uzbekistan. Prices of restaurants, food, transportation, utilities and housing are included.
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Cost of Living in Tashkent
https://www.expatistan.com/cost-of-living/tashkent
List of prices in Tashkent (Uzbekistan) for food, housing, transportation, going out, and more
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Uzbekistan – Culture, Customs & Etiquette
http://guide.culturecrossing.net/basics_business_student.php?id=219
A guide to basic, business and student etiquette dos and don’ts in Uzbekistan
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How to Master Business Etiquette in Uzbekistan
http://www.careeraddict.com/master-business-etiquette-in-uzbekistan
If you plan on having a successful business venture, then you need to adhere to the countries own particular business etiquette and customs.
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Weather in Uzbekistan
http://www.advantour.com/uzbekistan/weather.htm
Uzbekistan has an extreme continental climate. It is generally warmest in the south and coldest in the north. Temperatures in December average -8°C (18°F) in the north and 0°C (32 °F) in the south. However, extreme fluctuations can take temperatures as low as -35°C (-31°F). During the summer temperatures can reach 45°C (113°F) and above. Humidity is low.
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Uzbekistan Weather – The Weather Channel
https://weather.com/weather/tenday/l/Tashkent+Uzbekistan+UZXX0004:1:UZ
Current weather forecast for Tashkent
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Demographics of Uzbekistan
https://en.wikipedia.org/wiki/Demographics_of_Uzbekistan
This site addresses the demographic features of thepopulation of Uzbekistan, including population growth, population density, ethnicity, education level, health, economic status, religious affiliations, and other aspects of the population.
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Uzbekistan Hotels and Accommodation
https://au.hotels.com/co228/accommodation-in-uzbekistan/
Browse through Uzbekistan hotel reviews, maps, and hotel photos.
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Uzbekistan Education System
http://www.classbase.com/Countries/Uzbekistan/Education-System
In Uzbekistan 11 years of education are compulsory and free, beginning with 4 years at primary school, and followed by 2 phases of secondary
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Tashkent International School
http://tashschool.org/
TIS is housed in a recently-remodeled facility on a 13-acre wooded campus with beautifully landscaped grounds. It is located only 10 minutes from the city center in a quiet, residential community. The school is a fully-enclosed campus with full-time security.
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Public Holidays in Uzbekistan
http://www.visituzbekistan.travel/usefulinfo/holidays.php
Information about national public holidays in Uzbekistan that are widely celebrated throughout the country.
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Uzbekistan Public Holidays 2016
http://holidayyear.com/holidays/Uzbekistan
Uzbekistan holidays 2016, bank holidays, national holidays, official holiday calendar, religious festivals and celebrations for the year 2016
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CIA – The World Factbook: Uzbekistan
https://www.cia.gov/library/publications/the-world-factbook/geos/uz.html
A demographic profile of Ubeckistan from the CIA
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The 10 Best Hotels in Tashkent
https://www.tripadvisor.com/Hotels-g293968-Tashkent_Tashkent_Province-Hotels.html
2,742 traveler reviews, 1,608 candid photos, and prices for 35 hotels in Tashkent, Uzbekistan.
Trade
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Basic Customs Rules of the Republik of Uzbekistan
http://www.orexca.com/customs_regulations.shtml
The list of goods for personal use are permitted to enter the territory of the Republic of Uzbekistan
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European Union, Trade in goods with Uzbekista
http://trade.ec.europa.eu/doclib/docs/2006/september/tradoc_113461.pdf
A detailed analysis of trade between the EU and Uzbecistan
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Uzbekistan Customs Regulations
https://uzbekistan.visahq.com/customs/
Uzbekistan Customs regulations and procedures for importing and exporting goods at border.
Housing and Rentals
Travel
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Uzbekistan – Lonely Planet
https://www.lonelyplanet.com/uzbekistan
A guide to top destinations and experiences in Uzbeckistan
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Uzbekistan Tourism: Best of Uzbekistan
https://www.tripadvisor.com/Tourism-g293967-Uzbekistan-Vacations.html
22,605 reviews of Uzbekistan Hotels, Attractions, and Restaurants making it your best Uzbekistan resource.
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