Unlocking Uzbekistan: Tax Incentives & Venture Capital Opportunities in the IT Sector
Uzbekistan is rapidly emerging as a prime destination for IT enterprises and venture capital investments, thanks to its progressive tax policies and supportive ecosystem.
Key Tax Incentives for IT Companies:
📌 Comprehensive Tax Exemptions: IT Park residents enjoy full exemptions from corporate income tax, VAT, property tax, and social contributions until 2040, provided that over 50% of their revenue is generated from exports.
📌 Reduced Personal Income Tax: Employees of IT Park residents benefit from a reduced personal income tax rate of 7.5%, compared to the standard 12%.
📌 Simplified Business Processes: The One-Stop-Shop program streamlines company registration, while the IT Visa facilitates the relocation of foreign specialists.
Thriving Venture Capital Scene:
📍Growth in VC Firms: The number of active venture capital firms in Uzbekistan has increased from 4 in 2021 to 11 by the end of 2024, with total venture capital reaching $54 million.
📍Local Investment Surge: Domestic funds now account for 52% of venture investments, indicating growing confidence among local investors.
📍Supportive Programs: Initiatives like ZeroRisk, Local2Global, and Softlanding provide financial support, mentorship, and infrastructure to startups and investors.
AK Capital Consultancy: Your Gateway to Uzbekistan's IT Sector
🪙 At AK Capital Consultancy, we specialize in guiding IT companies and venture funds through Uzbekistan's dynamic market landscape. Our services include:
🪙 Strategic Market Entry: Assistance with company registration, tax planning, and compliance.
🪙 Investment Advisory: Identifying lucrative investment opportunities and facilitating partnerships.
🪙 Regulatory Navigation: Expertise in local laws and regulations to ensure smooth operations.
Ready to Explore Opportunities in Uzbekistan?
Connect with us to learn how AK Capital Consultancy can support your expansion into Uzbekistan's thriving IT sector.