RESOLUTION OF THE CABINET OF MINISTERS OF THE REPUBLIC OF UZBEKISTAN

of February 10, 2016 No. 33

About measures for implementation of the Resolution of the President of the Republic of Uzbekistan of December 21, 2015 No. PP-2454 "About additional measures for involvement of foreign investors in joint-stock companies"

In pursuance of the resolution of the President of the Republic of Uzbekistan of December 21, 2015 No. PP-2454 "About additional measures for involvement of foreign investors in joint-stock companies", and also for the purpose of broad attraction in joint-stock companies of foreign investors, creating favorable conditions for their active participation in corporate management, upgrade, technical and technological rearmament of production, the organization of release of high-quality, competitive products and its promotion on the foreign markets, cardinal reduction of presence of the state at economy due to reducing the state assets and shares in the authorized capital of the Cabinet of Ministers joint-stock companies decides:

1. Approve lists of joint-stock companies:

in which at least 15 percent of the state share in the authorized capital are implemented to foreign investors, according to appendix No. 1;

in which at least 15 percent of share in the authorized capital are implemented to foreign investors, including by additional share issue, according to appendix No. 2;

performing activities in the field of production and primary conversion of strategic raw materials, and also subjects of natural monopolies and suppliers of socially important goods and services in regulated prices according to appendix No. 3.

2. To provide to agency on management of the state assets of the Republic of Uzbekistan:

on systematic basis implementation of monitoring of work of bodies of the public and economic board on attraction in joint-stock companies of foreign investors and entering into the Cabinet of Ministers of reports on results of monitoring;

entering into the Cabinet of Ministers of offers on the further order the shares of the state in the authorized capital of joint-stock companies which are not realized at the scheduled time.

3. To provide to bodies of the public and economic board in decade time, together with Goskomzemgeodezkadastr of the Republic of Uzbekistan, public authorities on places, preparation in full of the cadastral documents necessary for carrying out inventory count and assessment of blocks of shares of the joint-stock companies included in appendices No. 1 and 2 to this resolution.

4. To heads of the corresponding complexes of the Cabinet of Ministers:

in decade time to approve, on the basis of the provided offers of bodies of economic board, network schedules on involvement of foreign investors in the joint-stock companies included in appendices No. 1 and 2 to this resolution;

establish constant control behind course of execution of network schedules on attraction in joint-stock companies of foreign investors.

5. To the bodies of the public and economic board, joint-stock companies specified in appendices No. 1 and 2 to this resolution together with the Ministry of Foreign Economic Relations, Investments and Trades, Goskomkonkurention of the Republic of Uzbekistan to provide measures on:

to search and attraction in joint-stock companies of potential foreign investors;

to extended coverage with involvement of National broadcasting company of Uzbekistan, mass media, including foreign, and also on the Internet of information on implementation of blocks of shares and the provided privileges and preferences.

6. On places together with bodies of economic board and founders of joint-stock companies till December 1, 2016 to provide to the Ministry of Justice of the Republic of Uzbekistan, public authorities transformation to other forms of business of the joint-stock companies which did not provide attraction to participation in the authorized capital of foreign investors from shares in the amount of at least 15 percent at the scheduled time.

7. To the Ministry of Finance and the State Tax Committee of the Republic of Uzbekistan in time, stipulated in Item the 8th resolutions of the President of the Republic of Uzbekistan of December 21, 2015 No. PP-2454 "About additional measures for involvement of foreign investors in joint-stock companies" to provide to the Cabinet of Ministers of the offer on entering into the legislation of corresponding changes and amendments concerning provision of the tax benefits and preferences provided by the specified resolution of the President of the Republic of Uzbekistan.

8. Make changes and additions to some decisions of the Government of the Republic of Uzbekistan according to appendix No. 4.

9. Recognize invalid some decisions of the Government of the Republic of Uzbekistan according to appendix No. 5.

10. To impose control of execution of this resolution on the First Deputy Prime Minister - the Minister of Finance of the Republic of Uzbekistan R. S. Azimov.

Appendix №1

to the Resolution of the Cabinet of Ministers of the Republic of Uzbekistan of February 10, 2016 No. 33

The list of joint-stock companies in which at least 15 percent of the state share in the authorized capital are implemented to foreign investors

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