Uzbekistan has established a special legal regime for the Tashkent International Financial Centre, including its own institutional framework and an international commercial court. The investability of the platform will depend on implementing rules, credible supervision and operational market infrastructure.
Presidential Decree PF-48 of 30 March 2026 initiated the Tashkent International Financial Centre, followed by Constitutional Law LRU-1158 adopted on 13 July and effective from 25 July 2026. The law defines the Centre as a designated territory with a special legal regime rather than simply a promotional or administrative investment platform.
The architecture provides for a distinct governance structure, a Financial Services Authority and the Tashkent International Commercial Court. It also creates a legal basis for applying English common-law and equity principles within the Centre, alongside mechanisms for publishing rules, public consultation and regulatory-impact assessment.
Permitted activities can cover regulated financial services, market infrastructure and digital assets, with scope relevant to banking, insurance, capital markets, Islamic and green finance and fintech. The framework also addresses currency treatment, tax and customs arrangements, licensing, recognition of certain foreign licences and transitional permissions.
For issuers and international investors, the opportunity lies in enforceable contracts, predictable dispute resolution, credible supervision and efficient cross-border execution. The law establishes the foundation, but the Centre’s market value will be determined by implementing regulations, the quality and independence of its institutions, licensing practice, settlement connectivity and a consistent record of enforcement.
This material is provided for general information only and does not constitute investment, legal or tax advice, or an offer or solicitation in any jurisdiction.