[Original title] In which Central Asian countries can citizenship be obtained by investment? Granting residence permit or citizenship by investment is a common practice in many countries around the world. In addition to Tajikistan and Turkmenistan, Central Asian countries are now

[Original title] In which Central Asian countries can citizenship be obtained by investment?

Granting residence permit or citizenship by investment is a common practice in many countries around the world. In addition to , Tajikistan, and Turkmenistan, Central Asian countries are now also working hard in this regard.

Uzbekistan is the most pragmatic country in the region and responds faster than other countries.

First of all, Uzbekistan has quickly created conditions for IT talents, especially by launching the TashRush special program in IT parks to provide one-stop services for foreign companies and IT talents, including finding office space for companies, recruiting, etc., and providing IT experts with assistance in employment and entry into the park companies.

In just one month, more than 5,000 experts working for foreign companies participated in the program. According to forecasts, Uzbekistan's IT export growth under the TashRush program will reach US$100 million within a year, and under the national policy for 2022-2026, investment projects with a total value of US$1.5 billion will be implemented in the field of information and communication technology.

The country quickly launched a limited 3-year IT visa. Family members of the holder may obtain a visitor visa at the same time. IT talents can enjoy tax relief - IT park residents are exempt from paying all taxes, except income tax (7.5% of their salary).

Currently, Uzbekistan is considering the issue of granting citizenship in exchange for investment through a simplified procedure . The country’s Ministry of Investment and Foreign Trade has prepared a draft on the issue. If the bill is approved, foreign citizens and stateless persons who contribute at least the equivalent of US$1 million to investment projects will be able to obtain citizenship through simplified procedures. The adoption of the

draft is expected to increase Uzbekistan’s attractiveness to foreign investors, attract the attention of the international business community to the country’s investment environment, and enhance its status on the international stage.

Source: Asia Express

Compiled by: Vika

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