TASHKENT - Uzbekistan continues its path to becoming one of the most attractive financial and business hubs in Central Asia.
Uzbek authorities have officially approved a procedure for granting foreign citizens a special tax regime that provides for an exemption from personal income tax on profits earned outside the country, according to a statement from the government press service.
The new system will come into effect on January 1, 2026, and is considered part of a larger strategy to attract wealthy foreigners, investors, entrepreneurs, IT specialists, and international financial residents.
According to the regulations, foreign citizens will be able to obtain this special tax status upon fulfilling a number of conditions.
One of the key requirements will be the payment of a special government fee of $50,000.
In addition, applicants must open a bank account with one of the authorized commercial banks in Uzbekistan or register a cryptocurrency wallet on a licensed crypto exchange in the country.
Experts note that the inclusion of cryptocurrency infrastructure in the new system demonstrates Tashkent's commitment to developing the digital economy and strengthening its position in financial technology.
Uzbek authorities hope the new model will help attract international capital to the country and increase foreign investment.
Particular attention is being paid to wealthy individuals working in IT, digital services, international consulting, the crypto industry, and remote businesses.
Analysts are already comparing the initiative to similar tax residency programs in place in the United Arab Emirates, Portugal, and several other countries actively competing for global capital.
According to the approved procedure, foreigners who are actually present in Uzbekistan for more than 30 calendar days within a consecutive 12-month period and who own or rent residential property will be recognized as tax residents.
CentralasianLIGHT.org
May 25, 2026