LAW OF THE REPUBLIC OF UZBEKISTAN

of March 17, 2026 No. ZRU-1122

About modification and amendments in some legal acts of the Republic of Uzbekistan in connection with enhancement of the sphere of privatization of state-owned property

Accepted by Legislative house on July 8, 2025

Approved by the Senate on October 31, 2025

In our country the system reforms directed to regulation of the relations in the field of privatization of state-owned property, reducing the state participation in economy, increase in share of private sector and creation of the favorable investment climate for development of entrepreneurship and also expansion of private property by privatization of the state assets are performed.

Besides, for the purpose of acceleration of transfer to private sector of the empty and inefficiently used objects, including non-core assets of the companies with the state participation, processes of privatization of state property become simpler and the barriers existing in this sphere are eliminated.

At the same time, based on the reforms undertaken in industry and the regulatory legal acts adopted on their basis, there is need of review of the current legislation.

This Law makes changes and additions to the laws of the Republic of Uzbekistan "About property in the Republic of Uzbekistan", "About bases of the state independence of the Republic of Uzbekistan", "About lease", "About execution of court resolutions and acts of other bodies", "About Chamber of Commerce and Industry of the Republic of Uzbekistan", "About the security market", "About trade secret", "About investments and investing activities", "About special economic zones", "About privatization of the parcels of land of nonagricultural appointment", "About management of state-owned property", "About privatization of state-owned property", and also in Land and Tax codes of the Republic of Uzbekistan. These amendments are directed to simplification of processes of privatization and transfer to lease of the state assets, and also to creating favorable conditions for entrepreneurs in this sphere.

This Law will serve enhancement of the sphere of privatization of state-owned property, determination of powers of competent authorities in the field and to expansion of private property by privatization and transfer to lease of the state assets and parcels of land.

Article 1. Bring in the Law of the Republic of Uzbekistan of October 31, 1990 No. 152-XII "About property in the Republic of Uzbekistan" (Sheets of the Supreme Council of the Republic of Uzbekistan, 1990, No. 31 - 33, Art. 371; 1993, No. 5, Art. 235; 1994, No. 11-12, of Art. 285; Sheets of Oliy Majlis of the Republic of Uzbekistan, 1995, No. 6, Art. 118; 1997, No. 2, Art. 56; 2003, No. 1, Art. 8; Sheets of chambers of Oliy Majlis of the Republic of Uzbekistan, 2017, No. 9, Art. 510; appendix to No. 4 for 2021; 2023, No. 10, Art. 795; 2024, No. 9, Art. 958; 2025, No. 2, Art. 188) following changes:

In paragraph four of Item 1 of Article 5 of the word" (utility property)" shall be replaced with words 1) "(municipal property)";

The word "territorial" to replace 2) in Item 1 of Article 15 with the word of "regional";

3) in Article 18:

in Item 1 of the word" (utility property)" shall be replaced with words "(municipal property)";

in Item 2 of the word "administrative-territorial" shall be replaced with words "administrative-territorial";

state Item 3 in the following edition:

"3. The Republic of Uzbekistan does not bear responsibility according to obligations of the administrative-territorial educations. Administrative-territorial education does not answer for obligations the Republic of Uzbekistan";

4) in Article 22:

in the name of the word" (utility property)" shall be replaced with words "(municipal property)";

in the text of the word "utility property" shall be replaced with words "the municipal property";

5) in Article 23:

state the name in the following edition:

"Article 23. Subjects of property of administrative-territorial educations (municipal property)";

in the text of the word of "utility property" shall be replaced with words "municipal property";

The text of Article 27-1 to state 6) in the following edition:

"Objects of the state real estate, the state shares (shares) and public institutions which are property of the Republic of Uzbekistan or administrative-territorial educations (municipal property) can be fully or partially realized in private property to physical and non-state legal entities on conditions and according to the procedure, established by the legislation on privatization of state-owned property, the state-owned property which except for is not privatized, stipulated by the legislation about management of state-owned property".

Article 2. The text of article 9 of the Law of the Republic of Uzbekistan of August 31, 1991 No. 336-XII "About bases of the state independence of the Republic of Uzbekistan" (Sheets of the Supreme Council of the Republic of Uzbekistan, 1991, No. 11, Art. 246; Sheets of chambers of Oliy Majlis of the Republic of Uzbekistan, appendix to No. 4 for 2021) to state in the following edition:

"The order is performed by property of the Republic of Uzbekistan according to the legislation on management of state-owned property and the legislation on privatization of state-owned property. Transformation of the state companies which were under authority of the Union and located in the territory of the republic to economic societies, their transfer in other patterns of ownership are performed only on conditions and according to the procedure, stipulated by the legislation the Republic of Uzbekistan".

Article 3. The text of article 31 of the Law of the Republic of Uzbekistan of November 19, 1991 No. 427-XII "About lease" (Sheets of the Supreme Council of the Republic of Uzbekistan, 1992, No. 1, Art. 45; 1993, No. 9, Art. 329; Sheets of Oliy Majlis of the Republic of Uzbekistan, 2000, No. 5-6, of Art. 153; Sheets of chambers of Oliy Majlis of the Republic of Uzbekistan, appendix to No. 4 for 2021; 2023, No. 10, Art. 795; 2024, No. 3, Art. 246; 2025, 2, the Art. 188) after the words "decide court" to add No. with words ", at the same time the procedure of mediation can be applied to the disputes and claims arising within agreements on transfer to lease of the state assets".

Article 4. Bring in Article 9 of the Land code of the Republic of Uzbekistan approved by the Law of the Republic of Uzbekistan of April 30, 1998 No. 598-I (Sheets of Oliy Majlis of the Republic of Uzbekistan, 1998, No. 5-6, of Art. 82; 2003, No. 9-10, of Art. 149; 2004, No. 5, Art. 90; 2005, No. 1, Art. 18; Sheets of chambers of Oliy Majlis of the Republic of Uzbekistan, 2007, No. 12, Art. 608; 2009, No. 1, Art. 1, No. 12, Art. 472; 2011, No. 1, Art. 1; 2014, No. 1, Art. 2, No. 9, Art. 244; 2015, No. 8, Art. 312; 2017, No. 9, Art. 510; 2018, No. 1, Art. 1, No. 4, Art. 224, No. 7, Art. 432, No. 12, Art. 781; 2019, No. 1, Art. 1, No. 3, Art. 161, No. 4, Art. 199, No. 8, Art. 469, No. 12, Art. 792; 2020, No. 9, Art. 540; 2021, No. 1, Art. 3, appendix to No. 4, No. 8, Art. 800; 2022, No. 6, Art. of the Art. 570, 577; 2023, No. 10, Art. 795, No. 11, Art. 919; 2024, No. 7, Art. 629, No. 8, Art. 831, No. 9, Art. 958, No. 10, Art. 1072, No. 11, Art. 1193; 2025, No. 2, Art. 188, No. 5, Art. of the Art. 643, 644) following amendment and change:

add with part eight of the following content:

"The resolution of the Cabinet of Ministers accepted according to the resolution of the President of the Republic of Uzbekistan on exposure to electronic online biddings of the empty parcels of land on placement on the basis of the master plan of modern complexes and objects of service along highways of the international value, including means of placement, shopping centers is the basis for transfer of category of lands in other category in coordination with the President of the Republic of Uzbekistan";

parts the eighth, ninth and tenth to consider respectively parts nine, the tenth and eleventh.

Article 5. Item 1 of article 46 of the Law of the Republic of Uzbekistan of August 29, 2001 No. 258-II "About execution of court resolutions and acts of other bodies" (Sheets of Oliy Majlis of the Republic of Uzbekistan, 2001, No. 9-10, of Art. 169; Sheets of chambers of Oliy Majlis of the Republic of Uzbekistan, 2007, No. 8, Art. 367, No. 12, Art. 598; 2008, No. 4, Art. of the Art. 184, 187; 2009, No. 1, Art. 1; 2010, No. 9, Art. of the Art. 337, 340; 2012, No. 12, Art. 336; 2014, No. 5, Art. 130; 2015, No. 8, Art. 312, No. 12, Art. 452; 2016, No. 9, Art. 276; 2017, No. 9, Art. 510; 2018, No. 1, Art. of the Art. 1, 4, 5; 2019, No. 2, Art. 47, No. 5, Art. 267, No. 7, Art. 389, No. 8, Art. 469, No. 10, Art. 671, No. 12, Art. 880; 2021, appendix to No. 4, No. 8, Art. of the Art. 800, 803; 2022, No. 4, Art. 337, No. 6, Art. 570; 2023, No. 4, Art. 269; 2024, No. 2, Art. 111, No. 8, Art. 827, No. 10, Art. 1073; 2025, \522) after the words "turn claim to property of the debtor" to add Art. U-2116\4, with words "(except for the empty parcels of land registered as state-owned property)".

Article 6. Bring in the Law of the Republic of Uzbekistan of December 3, 2004 No. 712-II "About Chamber of Commerce and Industry of the Republic of Uzbekistan" (in edition of the Law of the Republic of Uzbekistan of July 9, 2018 No. ZRU-483) (Sheets of chambers of Oliy Majlis of the Republic of Uzbekistan, 2018, No. 7, Art. 428; 2019, No. 11, Art. 791, No. 12, Art. 891; 2020, No. 1, Art. 1; appendix to No. 4 for 2021; 2022, No. 2, Art. 79, No. 3, Art. 214, No. 4, Art. 337; 2023, No. 11, Art. 923; 2024, No. 8, Art. 823, No. 10, Art. 1079; 2025, No. 2, Art. 188) following changes:

1) in paragraph six of part two of Article 25 of the word of "acquisition of objects of state-owned property on "zero" redemption value" shall be replaced with words "privatizations of state-owned property";

The paragraph third Article 31 to exclude 2).

Article 7. Part third of article 15 of the Law of the Republic of Uzbekistan of July 22, 2008 No. ZRU-163 "About the security market" (in edition of the Law of the Republic of Uzbekistan of June 3, 2015 No. ZRU-387) (Sheets of chambers of Oliy Majlis of the Republic of Uzbekistan, 2015, No. 6, Art. 227; 2018, No. 1, Art. 1; 2019, No. 1, Art. 5, No. 3, Art. 166, No. 4, Art. 199, No. 12, Art. 891; 2020, No. 7, Art. 449, No. 10, Art. 593; 2021, No. 1, Art. 13, appendix to No. 4, No. 10, Art. of the Art. 968, 973; 2022, No. 3, Art. 217; 2023, No. 4, Art. 272; 2024, No. 2, Art. 111, No. 10, Art. 1079; 2025, 2, 188, of 191, No. 4, the Art. 519) to state No. to the Art. of the Art. in the following edition:

"The cost of securities is expressed in national currency of the Republic of Uzbekistan, except as specified placements of international bonds and implementation of the state blocks of shares to foreign investors through stock exchange".

Article 8. The paragraph the tenth parts one of article 5 of the Law of the Republic of Uzbekistan of September 11, 2014 No. ZRU-374 "About trade secret" (Sheets of chambers of Oliy Majlis of the Republic of Uzbekistan, 2014, No. 9, Art. 245; appendix to No. 4 for 2021; 2024, No. 2, Art. 111; 2025, 2, 188) to state No. to the Art. in the following edition:

"about conditions of privatization of state-owned property".

Article 9. Bring in part one of article 34 of the Law of the Republic of Uzbekistan of December 25, 2019 No. ZRU-598 "About investments and investing activities" (Sheets of chambers of Oliy Majlis of the Republic of Uzbekistan, 2019, No. 12, Art. 892; appendix to No. 4 for 2021; 2022, No. 6, Art. 570, No. 12, Art. 1190; 2023, No. 10, Art. 795; 2024, No. 2, Art. 111) following changes:

exclude paragraph two;

the third and fourth to consider paragraphs respectively paragraphs second and third.

Article 10. Bring in the Tax code of the Republic of Uzbekistan approved in the new edition by the Law of the Republic of Uzbekistan of December 30, 2019 No. ZRU-599 (appendix No. 1 to No. 12 of Sheets of chambers of Oliy Majlis of the Republic of Uzbekistan, 2019; 2020, No. 3, Art. 198, No. 10, Art. 593, No. 11, Art. 652, No. 12, Art. of the Art. 690, 691; 2021, No. 1, Art. 6, No. 4, Art. 294, appendix to No. 4, No. 8, Art. 800, No. 9, Art. 901, No. 10, Art. of the Art. 968, 969, 972, 973, No. 12, Art. 1199; 2022, No. 2, Art. 79, No. 3, Art. of the Art. 215, 216, No. 5, Art. of the Art. 461, 464, 467, No. 6, Art. 570, No. 7, Art. of the Art. 664, 666, No. 12, Art. 1190; 2023, No. 6, Art. of the Art. 444, 446, No. 7, Art. 540, No. 12, Art. 1011; 2024, No. 2, Art. of the Art. 106, 110, 111, No. 4, Art. 346, No. 5, Art. of the Art. 458, 459, No. 8, Art. of the Art. 822, 831, No. 9, Art. 958, No. 10, Art. 1076, No. 11, Art. 1190, No. 12, Art. of the Art. 1283, 1284, 1296, 1297; 2025, No. 2, Art. of the Art. 188, 194, No. 4, Art. of the Art. 519, 520, 521, 522, No. 5, Art. of the Art. 644, 645) following amendments:

Part one of Article 412 to add 1) with item 4 of the following content:

"4) annual average residual cost of the object of the state real estate bought by the buyer on payment term by installments, in dale (percent), the pro rata part of redemption payments for this object paid by the buyer if on this object the state order with putting down of the mark "without the order right" is issued to it.

At the same time taxes are collected in case of observance of the installment payment plan of redemption payments for object of the state real estate. This schedule is submitted Agency on management of the state assets in the Tax Committee through information systems";

Part the second Article 420 to add 2) with paragraphs the fourth and fifth the following content:

"annual average residual cost of the object of the state real estate bought by the buyer on payment term by installments, in dale (percent), the pro rata part of redemption payments for this object paid by the buyer if on this object the state order with putting down of the mark "without the order right" is issued to it.

At the same time taxes are collected in case of observance of the installment payment plan of redemption payments for object of the state real estate. This schedule is submitted Agency on management of the state assets in the Tax Committee through information systems";

Part one of Article 427 to add 3) with paragraphs the fourth and fifth the following content:

"the land tax for the buyer who bought object of the state real estate on payment term by installments for the lands of nonagricultural appointment occupied with this object - the area of the parcel of land in dale (percent), the pro rata part of redemption payments for this object paid by the buyer if on this object the state order with putting down of the mark "without the order right" is issued to it.

At the same time taxes are collected in case of observance of the installment payment plan of redemption payments for object of the state real estate. This schedule is submitted Agency on management of the state assets in the Tax Committee through information systems";

Article 435 to add 4) with parts five and the sixth the following content:

"The land tax for the buyer who bought object of the state real estate on payment term by installments for the lands of nonagricultural appointment occupied with this object - the area of the parcel of land in dale (percent), the pro rata part of redemption payments for this object paid by the buyer if on this object the state order with putting down of the mark "without the order right" is issued to it.

At the same time taxes are collected in case of observance of the installment payment plan of redemption payments for object of the state real estate. This schedule is submitted Agency on management of the state assets in the Tax Committee through information systems".

Article 11. Bring in the Law of the Republic of Uzbekistan of February 17, 2020 No. ZRU-604 "About special economic zones" (Sheets of chambers of Oliy Majlis of the Republic of Uzbekistan, 2020, No. 2, Art. 106; appendix to No. 4 for 2021; 2022, No. 6, Art. 570; 2023, No. 11, Art. 923; 2024, No. 2, Art. 105, No. 12, Art. 1293; 2025, No. 1, Art. 7, No. 2, Art. 188) following changes:

Part the second Article 6 to state 1) in the following edition:

"Financial provision of the development program of special economic zone is performed at the expense of own resources of zone, private sources, means of the Government budget of the Republic of Uzbekistan, the international financial institutions and the government financial organizations of foreign states, and also other sources which are not prohibited by the legislation, at the same time in case of implementation in accordance with the established procedure by private investors with the permission of the Cabinet of Ministers of works on providing with infrastructure for the purpose of establishing productive activity in special economic zone, these expenses are refunded afterwards at the expense of means of special economic zone";

Part the sixth Article 7 to state 2) in the following edition:

"After providing special economic zone with infrastructure according to the master plan and acceptances by the state inspection, the parcel of land in the amount of, specified in the investment request approved by the decision of the Chairman of the board of Ministers of the Republic of Karakalpakstan, hokim of areas and the city of Tashkent is exposed on electronic online auction by the decision of directorate of special economic zone without the need for approval of exposure to electronic online auction of other organizations. This procedure is not applied to provision of the parcel of land in the territory of special industrial zones".

Article 12. The text of article 39 of the Law of the Republic of Uzbekistan of November 15, 2021 No. ZRU-728 "About privatization of the parcels of land of nonagricultural appointment" (Sheets of chambers of Oliy Majlis of the Republic of Uzbekistan, 2021, No. 11, Art. 1060; 2022, No. 6, Art. 577; 2023, No. 10, Art. 795; 2024, No. 2, Art. 107; 2025, 5, the Art. 643) after the words "are permitted in accordance with the established procedure" to add No. with words ", at the same time the procedure of mediation can be applied to the disputes and claims arising within agreements on privatization of the parcels of land belonging to the state".

Article 13. Bring in the Law of the Republic of Uzbekistan of March 9, 2023 No. ZRU-821 "About management of state-owned property" (Sheets of chambers of Oliy Majlis of the Republic of Uzbekistan, 2023, No. 3, Art. 183; 2024, No. 2, Art. 107, No. 10, Art. 1079; 2025, No. 2, the Art. 188, No. 5, the Art. 643) the following amendments and changes:

1) the paragraph the fourth article 19 parts one after words "the companies and the organizations" to add with words ", national standards";

The third and fourth Article 25 to state 2) to part in the following edition:

"Privatization programs of the state shares in authorized capitals (authorized capital) of the public institutions and economic societies which are municipal property affirm the Jokargi Kenes of the Republic of Karakalpakstan, Kengashami of People's Deputies of areas and the city of Tashkent in coordination with the Agency and, respectively, the Chairman of the board of Ministers of the Republic of Karakalpakstan, hokimama of areas and the city of Tashkent.

Privatization programs of the objects of the state real estate which are municipal property affirm the Chairman of the board of Ministers of the Republic of Karakalpakstan, hokimama of areas and the city of Tashkent in coordination with the Jokargi Kenes of the Republic of Karakalpakstan, Kengashami of People's Deputies of areas and the city of Tashkent".

Article 14. Part third of article 34 of the Law of the Republic of Uzbekistan of February 14, 2024 No. ZRU-907 "About privatization of state-owned property" (Sheets of chambers of Oliy Majlis of the Republic of Uzbekistan, 2024, No. 2, Art. 107; 2025, 1, 7, No. 2, the Art. 188) to state No. to the Art. in the following edition:

"In case of non-execution or improper execution of agreement obligations of purchase and sale of the privatized state-owned property of the party can carry out procedures of mediation".

Article 15. To provide to agency on management of the state assets of the Republic of Uzbekistan and other interested organizations execution, bringing to contractors and explanation among the population of essence and value of this Law.

Article 16. To the Cabinet of Ministers of the Republic of Uzbekistan:

bring the orders of the Government into accord with this Law;

provide review and cancellation by republican executive bodies of their regulatory legal acts contradicting this Law.

Article 17. This Law becomes effective from the date of its official publication.

 

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