Business news from Ukraine

Business news from Ukraine

Uzbekistan introduces “golden visas” for foreigners

Starting from June 1, 2025, Uzbekistan will introduce a simplified procedure for obtaining a 5-year residence permit for foreign citizens and stateless persons. This rule is enshrined in the presidential decree of April 18, the Ministry of Justice reports.

To obtain the document, the applicant must pay $200,000, as well as $100,000 for each family member – spouse, children and parents.

Currently, residence permits in Uzbekistan are issued to certain categories of citizens:

– foreign citizens or stateless persons permanently residing in the territory of the Republic of Uzbekistan – upon reaching the age of 16

– persons who have received a permanent residence permit in Uzbekistan in accordance with the procedure established by the Regulations, including persons who have returned to the country and whose Uzbek citizenship has been terminated by law;

– citizens of the countries included in the List of countries whose citizens are entitled to obtain a residence permit in Uzbekistan subject to the acquisition of real estate in Tashkent region and Tashkent city – for the equivalent of at least $300 thousand, Samarkand, Bukhara, Namangan, Andijan, Fergana and Khorezm regions – for the equivalent of at least $200 thousand, in Karakalpakstan and other regions of the republic – for the equivalent of at least $100 thousand;

– persons who permanently reside in Uzbekistan but have not acquired Uzbek citizenship or whose Uzbek citizenship has been terminated by law.

Programs under which foreign nationals are granted a residence permit in exchange for significant investments in the country’s economy are in place in a number of foreign countries (e.g., Portugal, Spain, UAE). Their goal is to attract capital and wealthy foreign investors to the country.

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Uzbekistan and United States sign agreement on cooperation in field of critical minerals

The delegation of the Ministry of Investment, Industry and Trade of the Republic of Uzbekistan, headed by Minister Laziz Kudratov, held a series of meetings and negotiations with the leadership of leading corporations, large companies and industry associations during its official visit to the United States.

According to the program of her visit, on April 7, she met with representatives of companies operating in strategically important areas such as mining, hospitality and food industry.

The management of a number of companies praised the reforms in Uzbekistan, relying also on the successful cases of American companies with many years of experience in the country, and expressed readiness to expand cooperation.

As a result of the meetings, agreements were signed on cooperation in the field of critical minerals, agreements were reached on investments in exploration and production of minerals, construction of fine ore grinding complexes (HPGR), introduction of innovative technologies and creation of added value of critical raw materials, as well as training of Uzbek specialists.

In addition, the parties agreed on the timing of the implementation of new projects in the field of tourism – hotel construction.

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Uzbekistan and France to conduct geological and technical studies of critical minerals

In the framework of President Shavkat Mirziyoyev’s state visit to Paris, the Foundation for the Development of Culture and Art of Uzbekistan and the French Ministry of Culture signed a number of agreements on cooperation in the field of culture.

The documents were signed by the head of the Foundation, Gayane Umerova, and the French Minister of Culture, Rachida Dati.

One of the agreements is a declaration on cooperation between the cultural institutions of the two countries. It envisages the development of academic exchanges between the Alfred Cortot School of Music in Paris and the State Conservatory of Uzbekistan, as well as support for joint film projects.

An agreement was also signed to hold the exhibition “Uzbekistan: Avant-Garde in the Desert” in France and an international conference on museums and artificial intelligence in Samarkand as part of the 43rd session of the UNESCO General Conference.

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Number of resident population of Republic of Uzbekistan

According to the National Statistical Committee, as of January 1, 2025, the number of permanent residents of the Republic of Uzbekistan amounted to 37.5 million people.

The permanent population of the Republic of Uzbekistan by years (as of January 1):

– 1920 – 4.4 million people

– 1930 – 4.9 million people

– 1940 – 6.6 million people

– 1950 – 6.2 million people

– 1960 – 8.4 million people

– 1970 – 11.8 million people

– 1980 – 15.8 million people

– 1990 – 20.2 million people

– 2000 – 24.5 million people

– 2010 – 28.0 million people

– 2020 – 33.9 million people

– 2025 – 37.5 million people

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Uzbekistan is implementing projects for extraction and processing of rare metals worth $2.6 bln

On March 7, the President of Uzbekistan watched a presentation on expanding the raw material base of minerals critical to industry and manufacturing high value-added products.

Uzbekistan has discovered deposits of more than 30 metals such as tungsten, molybdenum, magnesium, lithium, germanium, graphite, vanadium and titanium.

In the next three years, 76 projects covering 28 rare minerals are planned to be implemented with a total value of $2.6 billion. To expand the raw material base, additional funding will be allocated for exploration and research.

It is emphasized that the main task is to extract valuable raw materials directly from the ore using modern technologies, increase the purity of minerals and create products with high added value. For example, beneficiation of tungsten concentrate from the Ingichka deposit will double the added value. So far, 18 such projects have been developed.

In order to expand the chain “raw materials – processing – science and technology – finished products”, it was proposed to organize technology parks in the Tashkent and Samarkand regions, which are rich in molybdenum and tungsten.

The head of state instructed to transfer technologies and best practices in this area, open modern laboratories and training centers. It was emphasized that in the context of the “fourth industrial revolution” it is necessary to create a solid base for taking a worthy position in this market.

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Azerbaijan and Uzbekistan launch first cross-border transportation using digital e-permit system

Azerbaijan and Uzbekistan have completed their first cross-border freight transportation using the new e-Permit system.

The system allows for the issuance and exchange of permits in a fully digital format, aiming to increase efficiency and reduce processing times for international road freight transport.

The first batch, including a truck from an Uzbek transportation company, arrived in Azerbaijan under the e-Permit system. This marks a step forward in the digitalization of cross-border transportation procedures between the two countries.

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