In Uzbekistan, joint stock companies and foreign investors are provided with privileges

Almaty. December 29. Silkroadnews - President of Uzbekistan has provided incentives and preferences for joint stock companies (JSC) and foreign investors who will invest in the equity capital of Uzbek companies, reported UzTAG.
According to the decision of the head of state, a company in which the share of foreign investors from 15 to 33% will receive benefits to pay income taxes on the property for the improvement and development of social infrastructure, single tax, as well as mandatory contributions to the Republican Road Fund.
In addition, according to the document, foreign investors which are included in the equity of Uzbek companies before January 1, 2020, are exempt from taxation of their income in the form of dividends on shares.
Joint-stock companies with foreign investments were also exempt from payment of state duties when recourse to the courts with a claim for violation of their rights and legitimate interests.
To date, the country employs about 1.1 thousand joint-stock companies. Their total registered capital aounts to more than 11.7 trillion soums and for the past 10 years has grown by 5.3 times.
$1 = 2809.98 soums