The document regulates relations in investment activities, providing state support to investment activities, foreign direct investments and internal investments, conducing investment activities in free economic zones, security markets, etc.
The code was developed to improve activities of investment legislation and create single investment area, single legal mode of local and foreign investors, conditions for effective functioning of securities market.
The Investment Code is directed at improving legal regulation of investment relations, optimizing mechanisms of state regulation of investment activities, determining priority state regulation of investment activities.
It also eliminates contradictions and collusions in investment legislation, development of public-private partnership in realization of the joint projects. The document will also eliminate red tape in development of investment activities.
The Investment Code was developed based on international investment legislation and recommendations of the World Bank and IMF, legislation of the European states, the United States, Japan, Belarus, Egypt, Russia, etc.
The Investment Code focuses on improving investment climate and stimulate investment activities in Uzbekistan. It guarantees safety of investment of private investors.
The Code was published for discussion at https://regulation.gov.uz/ru/documents/1850.