Uzbekistan is a presidential republic in the central and northwestern parts of Central Asia and  a member of the CIS. It is bordered by Kazakhstan, Turkmenistan, Tajikistan, Kyrgyzstan, and Afghanistan. The capital is Tashkent, the official language is Uzbek, and the currency is the sum. Administratively it is divided into 12 regions and the sovereign Republic of Karakalpakstan.

Uzbekistan is an industrially oriented state, with various kinds industry accounting for more than 50% of GDP. The largest industries are agriculture, construction, freight and passenger transportation, and trade and services.

The country is rich in mineral resources with large deposits of oil and natural gas, uranium, gold, coal, silver, tungsten, and many other minerals. Because of this, Uzbekistan has a well-developed mining and oil refining industry, non-ferrous and ferrous metallurgy, and gold mining and processing industries.

In recent years, a number of government policies have been enacted to promote small business development, as it plays a key role in the development of the economy as a whole. Rapid economic growth, a great amount of resources, and human potential invariably attract foreign business to Uzbekistan. The volume of investments is growing every year, not only due to the dynamically developing economy but also to the favorable investment climate created by the state for foreign business. The main export items are cotton and cotton products, gold, uranium ore, fertilizers, metals, textile and food products, and cars. Uzbekistan’s largest foreign trade partners are Russia, China, and Kazakhstan, with Russia accounting for almost 30% of the total foreign trade turnover.

Uzbekistan – A brief introduction
SCHNEIDER GROUP Introduction about Uzbekistan

Uzbekistan recently awoke from 20 years of deep sleep and already implemented some major economic reforms; the local currency is now tradable and currency control was largely liberalized.

Click on the button to download our “Introduction to Uzbekistan”.

Management team in Uzbekistan
Nodir Ayupov
Head of Tashkent Office
+998 / 71 /120 44 30
Download flyer about Uzbekistan

Services we offer in Uzbekistan

Market Entry Services

SCHNEIDER GROUP supports you with entering a new market within just a few days and without the hassle of company registration via our office-in-office solution.

  • Market Analysis
  • Distributor search
  • Recruiting services
  • Outstaffing
  • Office in office solutions
  • Fully equipped working desks with full office infrastructure
  • Import handling

ERP systems & Accounting automation

SCHNEIDER GROUP supports you with setting up the right ERP system for your needs.

  • Upgrade 1C accounting to a full ERP System
  • SAP implementation
  • Transparency in Accounting
  • Automation of Accounting
  • Controlling of Accounting

Interim Management

SCHNEIDER GROUP provides Interim General Director Services for your subsidiary in Uzbekistan:

  • We take over the function of the General Director and make sure all administrative obligations are met
  • CFO Function
  • Controlling Function

Localization of production

SCHNEIDER GROUP provides you with overall support in all questions concerning the search for the right partnerships and construction of production in Uzbekistan

  • Compare industrial zones
  • Cooperation with state authorities
  • Search construction and project management firms