The Ministry of Justice has registered amendments to the regulation governing certain foreign currency operations related to capital movements.
According to the document:
1. The annual calendar limits on foreign investment activities for citizens of Uzbekistan have been raised from the current $10,000 threshold to the following amounts:
a) For financing the authorized capital (equity participation) of overseas enterprises, as well as establishing foreign branches, representative offices, and trading houses:
- Up to $200,000 for private enterprises (companies with no state ownership);
- Up to $100,000 for enterprises with state ownership.
b) For injecting working capital into overseas branches and representative offices:
- Up to $100,000 for private enterprises;
- Up to $50,000 for enterprises with state ownership.
c) For financing the authorized capital or equity participation of overseas enterprises by individual citizens:Up to $10,000.
2. The requirement for banks to maintain physical paper logs and folders containing physical copies of capital movement transaction documents has been abolished.
Instead, following the digitalization of the workflow, these transactions will now be registered through the Central Bank's "FERUz" information system.
3. Due to the transition to digital accounting for capital movement transactions, the restriction requiring these operations to be conducted exclusively through a company's primary bank account has been lifted.
4. Business entities are now permitted to execute capital movement transactions using secondary bank accounts as well.
