Uzbekistan announced a 50-year tax incentive program and the creation of a new financial center during a forum in Tashkent on Thursday [1], [2].

These measures represent a significant effort by the Uzbek government to reshape its economy by attracting foreign capital and improving regional connectivity. By offering long-term fiscal stability, the government aims to stimulate industrial development and position the country as a primary hub for investment in Central Asia.

The Tashkent Forum brought together nearly 4,000 participants [1], including government leaders, international financial institutions, and global companies. The event drew representatives from more than 100 countries [1] to discuss a new roadmap for growth and investment.

Central to the announcement is the 50-year tax incentive scheme [2]. This program is designed to provide long-term certainty for international investors, reducing the fiscal risks associated with large-scale industrial projects. Along with these tax breaks, the government detailed plans for a new financial center intended to modernize the nation's banking and investment infrastructure.

Officials said the roadmap focuses on increasing the country's competitiveness on the global stage. The initiatives are expected to facilitate a surge in foreign direct investment by lowering the barriers to entry for multinational corporations.

The forum served as a platform for Uzbekistan to signal its openness to international partnerships. By coordinating with global financial institutions, the government intends to integrate its markets more deeply with the rest of the world, creating a more resilient economic environment for both domestic and foreign entities.

“Uzbekistan unveiled a 50-year tax incentive programme”

The introduction of a half-century tax guarantee is an aggressive move to differentiate Uzbekistan from other emerging markets. By combining these incentives with a new financial center, the government is attempting to move beyond a resource-based economy toward a diversified, service- and industry-oriented model that can withstand regional volatility.