27 March 2019

According to the changes allowed the repatriation of profits

Allowed the repatriation of profits in accordance with the Decree “On Amendments and Additions to the Procedure for the maintenance of foreign currency accounts by commercial banks”
Thus, according to the amendments, accounts in national and foreign currencies can be opened to non-resident legal entities that buy and sell shares of companies at auction. Accordingly, they will be credited with funds received from such auctions.
In addition, non-resident legal entities that have established a permanent establishment can now credit dividends and other income from investment activities in Uzbekistan to their accounts in national and foreign currencies.
Funds in foreign currency can be transferred to accounts outside the country operating in Uzbekistan through a permanent establishment.