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RESOLUTION OF THE PRESIDENT OF THE REPUBLIC OF UZBEKISTAN

of February 5, 2019 No. PP-4160

About additional measures for improvement of rating of the Republic of Uzbekistan in the annual report of the World Bank and the International Finance Corporation "Vedeniye Businessa"

(as amended on 23-08-2022)

Within the last several years the measures directed to enhancement of regulatory framework and regulating procedures in the sphere of implementation of business activity, forming of favorable business environment and positive image of the country on the international scene are taken. Thanks to the taken measures over the last 5 years in the rating of the World Bank and the International Finance Corporation "Vedeniye Businessa" among 190 countries of the world Uzbekistan rose with 146th to the 76th place.

At the same time in practice excessive bureaucratic procedures which subjects of entrepreneurship, especially regarding receipt of construction licenses, registration of property and implementation of the foreign trade transactions face still remain.

For the purpose of acceptance of additional measures for improvement of rating of the country in the annual report "Business", and also in pursuance of 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":

1. Approve:

a) "Road map" on further improvement of rating of the Republic of Uzbekistan in the annual report of the World Bank and the International Finance Corporation "Vedeniye Businessa" (further - "Road map") according to appendix No. 1, developed with participation of the World Bank and other international financial institutions.

b) ceased to be valid according to the Presidential decree of the Republic of Uzbekistan of 23.08.2022 No. UP-197

2. Establish since March 1, 2019 procedure according to which:

a) in the sphere of state registration of subjects of entrepreneurship - banks can remotely open bank accounts for legal entities whose founders are residents of the Republic of Uzbekistan, and to individual entrepreneurs in the course of their state registration in the presence of necessary conditions for remote identification of applicants according to requirements of Group on development of financial measures for anti-money laundering (FATF);

b) in the sphere of receipt of construction licenses:

the procedure for determination of exclusive purpose of the parcels of land in case of exposure is cancelled them through auction on E-IJRO AUKSION electronic trading platform with obligatory specifying of the exhaustive list of types of objects which construction is forbidden or allowed on the specific parcel of land;

to bodies of construction functions of architectural town-planning councils in coordination of the design estimates with preserving behind councils only are transferred to function in coordination of the design estimates of the objects built in historical zones, including in conservation zones of monuments of cultural heritage, and also the state objects;

the cost of works on updating of the topographical and special shootings (if necessary) performed after commissioning of the object of construction in operation is paid for the parcels of land realized through auction on E-IJRO AUKSION electronic trading platform within the means which arrived from realization of the parcel of land without intervention in activities or any encumbrance of owners of the parcel of land and the real estate;

the acceptance act in operation of the buildings and constructions finished by construction is issued along with the statement from the certificate on state registration of the rights to real estate object;

c) in the sphere of connection to utility power system - economic sanctions for unauthorized disconnections of consumers from power supply giving are applied;

d) in the sphere of registration of property:

the request for state registration of the rights to real estate and the cadastral registration can move by the exterritorial principle;

in case of the appeal of physical persons and legal entities behind the notarial certificate of the transactions and certificates connected with acquisition of property right to the real estate, notary offices without fail direct the application for state registration of the rights to real estate objects and the relevant documents to the body performing state registration by means of information and communication systems on a grant basis;

the requirement about the address and issue of cadastral case on paper with implementation of the mechanism of the address and preparation of cadastral case and cadastral documentation on real estate units in electronic form is cancelled;

e) in the sphere of protection of minority shareholders:

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