Features of regulation of production facilities’ use
Problems related to property law have become in recent years probably the most pressing issues for our compatriots, as well as foreign investors.
These cover also the procedure for legal regulation of the use of production facilities by entrepreneurs.
The procedure for hiring foreign specialists has been changed.
Resolution of the Cabinet of Ministers of the Republic of Uzbekistan No.244 dated March 25, 2019 in pursuance of the Resolution of the President No. PP-4008 of November 7, 2018 “On measures on the creation of favorable conditions for carrying out of labor activities on the territory of the Republic of Uzbekistan by qualified specialists from foreign states” passed the Regulation dated March 25, 2019 of the Cabinet of Ministers of the Republic of Uzbekistan on the approval of Provisions “On the procedure for attracting and usage of labor force in the Republic of Uzbekistan”.
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Procedure for Registration of Real Estate Deals has Changed Again
Amendments were introduced earlier into the Civil Code in compliance with the Law of the Republic of Uzbekistan dated October 18, 2018, which raised the issue of the procedure for execution of contracts for the sale of real estate. In particular, it was established that the sale of any real estate,
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Permission issued for the transfer of foreign currency outside the Republic of Uzbekistan by non-residents working through a permanent institution
Amendments had been introduced into the “Procedure for maintaining non-residents’ accounts in national currency by commercial banks of the Republic of Uzbekistan” (Reg. No.510 of the Ministry of Justice dated 1998.10.22) and the “Procedure for maintaining accounts in foreign currency by commercial banks” (Reg. No.511 of the Ministry of Justice dated 1998.12.10). The Central the bank introduced those changes, published on the 25th of March, 2019
In compliance with the introduced amendments:
New measures in support of the textile industry
A presidential decree “On measures to further deepen reforms and expand the export potential of the textile and garment-and-knitwear industry” dated February 12, 2019, provides for measures aimed at supporting and developing the textile and garment-and-knitting sector of economy.
In particular, it has been established that as of April 1, 2019, an order in compliance with which: