of May 20, 2019 No. UP-5722
About measures for the organization of activities of the Uzbek and Emirates investment company
According to the Presidential decree of the Republic of Uzbekistan of January 17, 2019 No. UP-5635 "About the State program on strategy implementation of actions in five priority directions of development of the Republic of Uzbekistan in 2017 - 2021 in "Year of active investments and social development" and the resolution of the President of the Republic of Uzbekistan of April 2, 2019 No. PP-4256 "About measures for further expansion and strengthening of bilateral cooperation between the Republic of Uzbekistan and the United Arab Emirates", and also for the purpose of further expansion of amounts of attraction in economy of the republic of direct foreign investments:
1. Take into consideration that:
By fund of reconstruction and development of the Republic of Uzbekistan and Abu-Dabiysky fund of development (UAE) the Constituent agreement on creation of the Uzbek and Emirates investment company in the form of limited liability company with authorized fund in the amount of 10 million US dollars and its step-by-step bringing to 1 billion US dollars in process of forming of investment portfolio of the company is signed on March 24, 2019;
share of Abu-Dabiysky fund of development (UAE) in forming of the capital of the specified company constitutes 75 percent and Fund of reconstruction and developments of the Republic of Uzbekistan - 25 percent with possibility of involvement in accordance with the established procedure of additional participants.
2. Determine that:
The Uzbek and Emirates investment company, and also her founders are exempted, according to the procedure of exception, for a period of 10 years from the tax discharge on profit, including the income in type of dividends and percent, the property tax and the land tax, and also the value added tax in case of realization of its property and assets;
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