On 22 January, the President of Uzbekistan Shavkat Mirziyoyev signed a decree “On state program for Implementation of the Strategy of Action for the five priority development directions of the Republic of Uzbekistan in 2017-2021 in the Year of Support of Active Business, Innovative Ideas and Technologies."

According to the decree, until 1 January 2023, all venture funds, co-financing high-tech entrepreneurial start-up projects, are exempted from all types of taxes and mandatory payments. The funds will still single social payment.

High-tech start-up projects, co-financed from venture funds, are exempted from the payment of all types of taxes and compulsory payments, except for a single social payment

Revenues of research institutions, innovation centers, design bureaus, received from sale (transfer for use) of their own new technologies to businesses, are exempted from taxes and mandatory payments.

Revenue, received from transfer of new technologies to local entrepreneurship, will be also excempted from taxes and mandatory payments.