Uzbekistan continues to align its investment legislation with international standards — a move that could become one of the key drivers for the growth of private equity and venture capital across the region.
The government has prepared a draft law on alternative investment funds, which will establish a modern legal framework for PE and VC funds. The legislation introduces flexible fund structures, investor protection mechanisms, and financial instruments familiar to global capital markets.
At the same time, the country is building broader infrastructure for international investors:
- by 2027, Uzbekistan plans to fully launch the Tashkent International Financial Centre (TIFC);
- the TIFC will operate under English common law;
- the centre will have an independent court and financial regulator;
- participants will benefit from tax incentives, the ability to conduct transactions in foreign currency, and access to international professionals.
Equally important is the fact that constitutional amendments are being prepared in connection with the establishment of the TIFC — a strong signal of the government’s intention to provide investors with long-term legal predictability and institutional stability.
