LAW OF THE REPUBLIC OF TAJIKISTAN

of May 14, 2025 No. 2173

About investments and encouragement of investing activities

Accepted by the Resolution of Majlisi namoyandagon of Majlisi Oli of the Republic of Tajikistan of February 26, 2025, No. 1577

Approved by the Resolution of Majlisi milli of Majlisi Oli of the Republic of Tajikistan of May 13, 2025, No. 45

This Law establishes legal and economic basis of the relations in the field of investments and investing activities, including by implementation of investment projects with use of the modes of encouragement and the state investment support, and is aimed at providing stability and improvement of the investment climate in the Republic of Tajikistan.

Chapter 1. General provisions

Article 1. Basic concepts

In this Law the following basic concepts are used:

1) investment privileges – the encouragement provided to investors according to the legislation of the Republic of Tajikistan and also within investment agreements;

2) the investment project – set of actions and the documents connected among themselves for implementation of investments, including for implementation of the investment agreement during certain period or the relevant state body or physical person or legal entity investment attraction for achievement of economic, social result or other useful effect;

3) investment platforms – the state-owned, private property or part of the territory in which the investment project is implemented or is planned its realization;

4) nationalization – transformation of property to state-owned property with cost recovery of the property and other losses put to the owner in connection with nationalization;

5) requisition – in case of natural disasters, accidents, epidemics, epizooty and under other circumstances of extreme nature, withdrawal in accordance with the established procedure and on the terms of property for the benefit of society by payment of its cost to the owner;

6) stable investment regime – ensuring legal regime, favorable for the investor, in case of acceptance of new regulatory legal act or modification and amendments in regulatory legal acts of the Republic of Tajikistan aggravating conditions of implementation of investing activities, including, the regulating tax matters, customs and non-tax payments;

7) investment – money, tangible and intangible assets, financial, property funds, and all other asset types which are allocated for object of activities for the purpose of profit earning, other useful effects or ensuring process of execution of the state obligations;

8) the investor – the physical person or legal entity which is performing investing activities in the territory of the Republic of Tajikistan with use of investments and having the status of the domestic investor or foreign investor;

9) the domestic investor – the citizens of the Republic of Tajikistan, individual entrepreneurs and legal entities of the Republic of Tajikistan, including the citizens of the Republic of Tajikistan who are constantly living outside the Republic of Tajikistan and performing investing activities in the territory of the Republic of Tajikistan;

10) the foreign investor – the foreign states, administrative or territorial authorities of foreign states, the international organizations created according to agreements or other agreements between the states or which are subjects of the international public law and also the foreign legal entities or their branches and representations, any partnerships, the organizations or associations created and acting according to the foreign legislation, the foreign organizations without formation of legal entity, the foreign citizens and persons without citizenship who are constantly living outside the Republic of Tajikistan, performing investing activities in the territory of the Republic of Tajikistan.

11) foreign investments – the investments used by foreign investors for implementation of investing activities in the territory of the Republic of Tajikistan;

12) direct foreign and internal investments – the investments performed by the investor on the different conditions based on risk including within agreements on cooperation taking into account long-term nature and possibility of control of activities;

13) reinvestment – attachment in the existing activities or new activities, or any business activity and other type of activity at the expense of any income of the investor, including profit, percent, dividends, royalty, the commissions, payments for technical assistance, content and other forms the rewards earned in the territory of the Republic of Tajikistan;

14) the state investments – planning, attraction, use, accounting, coordination and control of the external help and the public funds intended for investment;

15) the state investment policy – complex of the interconnected and coordinated measures taken by state bodies for ensuring encouragement of investing activities by expansion of opportunities of investment attraction in economy of the Republic of Tajikistan and its separate industries;

16) the investment agreement – the regulation which is signed between the authorized Government of the Republic of Tajikistan state body and the investor for implementation of investment projects;

17) investing activities – set of actions of the investor according to this Law and other regulatory legal acts of the Republic of Tajikistan on use of investments, including the investment processes including development stages, realization and managements of investment projects;

18) the investment circle – set of the factors determining possibilities of the investor by implementation of effective investments;

19) investment funds – the organization performing investing activities including by participation in shares of the authorized capital of other legal entities for financing and management of this process;

20) the state services for investors – electronic interdepartmental integration for access to the state services;

21) encouragement and investor protection – system of the state measures directed to attraction and investor protection within requirements of the legislation of the Republic of Tajikistan;

22) expropriation – forced paid property acquisition by the state for the benefit of society.

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