Development of Uzbekistan 1 | Page 19

On 5 October Acting President approved additional measures to ensure the accelerated development of entrepreneurship, the full protection of private ownership and qualitative improvement of the business climate. - The implementation of these measures is aimed at preventing the initiation and conduct of illegal inspections, particularly cases of unjustified suspension of the activity of businesses and causing losses due to illegal actions by representatives of state bodies. - The newly established industrial enterprises with foreign investments can enjoy tax rates and other mandatory payments in effect on the date of their registration during 5 years of their subsequent activity. - The decree offers the Uzbek parliament to create Commissioner on protection of rights and interests of businesses under Oliy Majlis of Uzbekistan, which will protect interests and rights of business entities.