Uzbekistan to lift restrictions on investment in U.S. cos starting in 2026

TASHKENT. Dec 19 (Interfax) - Uzbekistan will lift restrictions on investment in U.S. companies starting in 2026, according to a Central Bank of Uzbekistan resolution.

The document was published in the country's national legislative database. The Central Bank amended the regulations governing certain foreign exchange transactions related to capital flows. The permitted transactions now include transfers of funds to U.S. companies to form their charter capital and replenish working capital.

"Investments by residents to form the charter capital (or participation in the capital) of foreign enterprises in the United States-the transfer of funds from resident accounts in banks in Uzbekistan, the replenishment of working capital of branches in the United States-are carried out within the limits of the foreign currency funds in the accounts of residents," the amended section of the document states.

The resolution goes into effect on January 1, 2026.

Uzbek President Shavkat Mirziyoyev signed an executive order on the establishment of the U.S.-Uzbek Business and Investment Council in November following his visit to the United States. The order envisages lifting limits on transferring funds of Uzbek residents in the United States for investment purposes and operations of branches starting in 2026.