Uzbekistan Eases Capital Movement Operations Rules
Uzbekistan Eases Capital Movement Operations Rules
Tashkent, Uzbekistan (UzDaily.com) — Uzbekistan has approved new rules aimed at simplifying, digitizing, and expanding opportunities for residents to conduct foreign exchange operations related to capital movement, as well as to support investment abroad.
Under the new regulations, the practice of recording operations in paper journals will be discontinued. Instead, accounting will be carried out in digital format through the “Accounting of Foreign Exchange Operations” information system.
The new rules also expand options for residents. Capital movement transactions may now be conducted not only through the bank where the main account is held, but also through any servicing bank in accordance with established procedures.
In certain cases, the requirement to obtain prior authorization for foreign investment has been abolished.
Within one calendar year, enterprises with a state share in their charter capital and their subsidiaries may invest up to US$100,000 abroad, while enterprises without a state share may invest up to US$200,000.
For financing foreign branches and representative offices, limits of US$50,000 and US$100,000 have been established respectively.
For individuals, the annual limit for foreign investment activity is set at up to US$10,000.
The changes also stipulate that any amendments to capital movement transaction conditions must be formalized through a supplementary agreement and submitted to the bank within 10 days. Information on investment activity must be provided quarterly, after which banks will submit consolidated data to the Central Bank.
It is separately noted that under Presidential Decree No. PF–254 dated 18 December 2025, replenishment of foreign brokerage and investment accounts by individuals is permitted only through licensed investment intermediaries.
Authorities say the new measures are aimed at increasing transparency, accelerating procedures, and expanding practical opportunities for residents in capital movement operations.
