A meeting was held between representatives of the Strategic Development Agency of the Republic of Uzbekistan, the secretariat of the Council of Foreign Investors and the European Bank for Reconstruction and Development.
The parties held a dialogue on the issues of further joint work, as well as increasing the effectiveness of the activities of the Foreign Investors Council under the President of the Republic of Uzbekistan.
It is to be reminded that the Council of Foreign Investors under the President of the Republic of Uzbekistan was established in accordance with the decision of the Head of State in 2019. To date, the Board has held two interim sessions.
One of them was held on April 16, 2019, during which investors discussed such issues as investment coordination, protection of foreign capital and determining the role of the state in the regulation of these processes, as well as optimizing individual monitoring procedures in the implementation of the project.
At the second session, which was held on 20 November 2019, the participants proposed to introduce the definition of “holding company” into the legislation of Uzbekistan, the concept of “proper taxation”, the introduction of various classes of shares and other concepts, common in universal corporate law.
At the end of the meeting, the parties agreed on a number of joint activities.