Country Profile:

Located in the heart of Central Asia, Uzbekistan stands as the world’s sixth-largest producer of cotton and its second-largest exporter. It’s also ranked seventh globally in gold production. 

Capital: Tashkent

Population: 36,024,000 (2022, 40th)

Ethic Group: 84.5% Uzbeks, 4.8% Tajiks, 2.4% Kazakhs, 2.2% Karakalpaks, 2.1% Russians

Area: 448,978 km²  (56th)

Offical Language: Uzbek

Currency: Uzbek sum 

GDP per Captial: $10,316 (124th)

How To Immigrate To Uzbekistan In 2023:

For foreign nationals, Uzbekistan offers a program that grants residency through investment. Additionally, they are rolling out new policies for citizenship by investment.

Residency By Investment Program:

Foreign nationals can secure a Uzbekistan residence visa through one of the following three investment avenues:

1. Real Estate Acquisition: A residence visa is attainable by:

Buying property worth more than $400,000 in Tashkent.

Or, purchasing properties valued above $200,000 in other primary cities.

Or, investing in real estate exceeding $100,000 in The Republic of Karakalpakstan and other regions of the Republic.

2. Economic Contribution: By funneling an amount equal to 8,500 times the local baseline living cost (around $200,000) into the Uzbek economy, foreign nationals are eligible for a 3-year visa. Retaining this investment ensures continuous visa extensions.

3. Big Investment: As of a policy set forth in October 2022, a hefty investment of $3 million in Uzbekistan’s economy grants foreign investors a permanent residency(renewable every 10 years).

Citizenship By Investment:

In November 2022, the Uzbekistan government introduced a draft proposal, aiming to provide foreign investors who invest more than $1 million locally, as well as globally renowned scientists, athletes, and figures from the arts and cultural sectors, with a direct pathway to citizenship. As of now, this proposal is undergoing public consultation.

Taxation:

Uzbekistan imposes a 12% tax on the global income of its residents.

Naturalization:

According to local guidelines, foreigners who have legally lived in Uzbekistan for 5 years, and have gainful employment are eligible to apply for citizenship. Yet, in real-world scenarios, obtaining an Uzbek passport isn’t always straightforward for them.

Passport Power:

Uzbekistan does not recognize dual citizenship. Its passport is ranked jointly 91st in the world. Uzbek citizens can travel freely (either visa-free or with visa on arrival) to 58 countries and regions globally, including Russia, India, and Australia.

Useful Links:

Investment Promotion Agency of Uzbekistan：https://invest.gov.uz/

Uzbekistan E-visa Platform：https://visa.mfa.uz/site/index?language=en