LAW OF THE REPUBLIC OF UZBEKISTAN

of April 30, 1998 No. 609-I

About foreign investments

Article 1. Purpose and tasks of the Law

This Law determines the legal basis and procedure of foreign investments in the territory of the Republic of Uzbekistan.

The main objectives of this Law are:

assistance to development of economy of the Republic of Uzbekistan and its integration into world economic system by stimulation of inflow of foreign investments;

attraction and rational use of foreign financial, material, intellectual and other resources, modern foreign technologies and managerial experience.

Article 2. Legislation on foreign investments

The legislation on foreign investments consists of this Law, the Law of the Republic of Uzbekistan "About guarantees and measures of protection of the rights of foreign investors", other acts of the legislation.

If the international treaty of the Republic of Uzbekistan establishes other rules, than those which are stipulated by the legislation about foreign investments then are applied rules of the international treaty.

Article 3. Foreign investments

Foreign investments all types of the material and non-material benefits and the rights to them, including the intellectual property rights, and also the reinvestments put by foreign investors in objects entrepreneurial and other types of activity which are not prohibited by the legislation are recognized.

Reinvestments any income from foreign investments gained in the Republic of Uzbekistan and put by foreign investors in the territory of the Republic of Uzbekistan in objects entrepreneurial and other types of activity which are not prohibited by the legislation including profit, percent, dividends, royalty, license and commission fees, payments for technical assistance, maintenance and other forms of remunerations is recognized.

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