September 11, 2023
Counsel from RGD International Central Asia Shared Insights about Doing Business in Uzbekistan

Damir Amanbaev, Counsel of Corporate Practice at RGD International Central Asia, wrote an article titled “Bring Me Your Money: What Uzbekistan Has to Offer Russian Investors” on RBC Pro. In his article, Damir explores the benefits of establishing and operating businesses in Uzbekistan for Russian companies.

The article highlights that the business environment in Uzbekistan has significantly improved in recent years. The government has implemented important legislative reforms, including constitutional changes that prioritize international law over local law. Furthermore, the procedures for company registration have been simplified, and preferential tax conditions have been introduced. Damir also mentiones specific measures, such as the establishment of the Tashkent International Arbitration Center (TIAC), which operates independently from the state, and the creation of favorable conditions for the relocation of IT companies and IT professionals to Uzbekistan.

This new favorable environment has already attracted many prominent players, including Yandex.Taxi, Selectel, and Wildberries, and other foreign companies, including Russian ones, are expected to soon follow suit.

The full version of the article in Russian can be found on the RBC Pro website.


Rybalkin, Gortsunyan, Dyakin and Partners (RGD), a leading law firm established in 2018, which combines a premier dispute resolution practice and a high-end corporate practice dedicated to complex projects and transactions.

From our offices in Moscow, Yerevan, Tashkent, Belgrade, Dubai, and Ras Al Khaimah we support clients from all over the world in their business dealings in our key practice areas involving Russia and CIS countries. In addition, our firm offers unparalleled expertise in foreign legal matters to Russian companies with significant international presence.

We are a cohesive team of seasoned professionals with a background in leading international law firms.


Our lawyers have worked on the largest corporate deals, investigations and disputes in the history of modern Russia and represented Russian companies in over 170 jurisdictions worldwide.

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