The document is directed at creating maximum favourable investment climate for foreign investors, conducting direct investments to development of high-technologic production, strengthening foreign direct investments and modern technologies in regions of Uzbekistan, further strengthening system of guarantees and preferences for foreign investors and enterprises with foreign investments.

According to the document, over 4,200 enterprises with foreign investments in leading industries and spheres of economy were created and are operating successfully in Uzbekistan during its independence years.

Annually Uzbekistan utilizes over US$3 billion of foreign investments, mainly foreign direct investments, and its share makes up 26.6% of total investments to economy of Uzbekistan, which is evidence for growing interest and trust of foreign investors to sustainability and reliability of economy of the country and its development perspectives, the decree said.

At the same time, the decree said that there is need to stimulate attraction of foreign direct investments to implementation of modernization and technical re-equipment of capacities, liquidation of red tape in work of foreign investors and prevent illegal infringement of controlling and state bodies to activities of the enterprises with foreign investments.

The decree said that newly established enterprises with the investment volume for at least $5 million reserve the right to pay for 10 years those taxes that operated at the time of registration.

The rule applies to income taxes, taxes on the property, for the improvement and development of social infrastructure, the single social tax, single tax, as well as mandatory contributions to the Republican Road Fund and Reconstruction Fund, refurbishment and equipping of educational and medical institutions.

In addition, the president approved the procedure according to which under investment projects worth more than US$50 million and with a share of foreign investors no less than 50%, the construction of the necessary external engineering and communication networks is carried out at the expense of budget funds and other domestic sources of financing.

The decree banned and said it is illegal to set additional requirements and limitations to the activities of foreign investors and enterprises with foreign capital by ministries and departments, state bodies in places, law enforcement and controlling bodies.

Uzbek President entrusted the prosecutors to control over adherence of the state and controlling bodies of current laws on protection rights and guarantees to foreign enterprises, companies with foreign investors and adopt measures to prevent violations.

The decree provided right to the State Tender commission has the right to sell at the request of foreign investors to low liquid objects at zero redemption cost to set up enterprise with foreign investment through signing direct contracts with the investor under concrete investment obligations.

President entrusted Ministry of Foreign Affairs and Ministry of Interior Affairs to provide multiple visas to employees of enterprises with foreign investments with the term of 12 months.

Cabinet of Ministers was entrusted to provide access to foreign investors to economic information, which are necessary to their investment activities.