Are you a business owner considering mergers and acquisitions (M&A) in Uzbekistan? Are you having trouble researching because of unclear local regulations and contact points?
In fact, there is a government agency in Uzbekistan that provides comprehensive support for the M&A process by foreign investors. It is the State Committee for Investments of the Republic of Uzbekistan, Ministry of Investment and Foreign Trade.
In this article, we will explain how to make use of the official information of the State Committee for Investments to ensure success in M&A.
Three Key Functions of the State Committee for Investments in the Republic of Uzbekistan
The State Investment Commission is more than just a licensing and approval agency; it is a partner in helping investors succeed. While its work is diverse, there are three main functions that are closely related to M&A. 1.
1. a “one-stop service” window for investment projects
The Committee serves as a central point of contact to assist in the realization of major investment projects.
M&A requires coordination with multiple ministries and agencies, and the committee acts as a comprehensive coordinator to facilitate smooth procedures. 2.
2. investment attraction and investor support
The Commission is the central body for promoting investment in Uzbekistan.
Specifically:
- Providing information andconsulting to potential investors.
- Assistance in the implementation of investment projects.
- Assistance in applying investment incentives.
When considering an M&A project, the Committee can be consulted first to obtain accurate information on the latest industry information, regulations, and available preferential regimes.
3. promotion of international cooperation
The Committee promotes cooperation with foreign government agencies, financial institutions, and international organizations.
This may bring indirect benefits in terms of international networking andfinancing in post-M&A business development.
M&A Practical Steps: How to Use the Committee
Step 1: Information gathering and preliminary consultation
Whether you are in the process of looking for M&A targets or have a specific deal in mind, contact the committee first.
You can check the regulations for your project and see if there are any industry-specific exemptions.
Step 2: Check for investment incentives
Uzbekistan offers various investment incentives, including tax benefits, for certain industries and regions.
The Committee can help you determine if your M&A project qualifies for these incentives and assist you in the process of applying for them.
Step 3: Support for Coordination with Relevant Ministries and Agencies
During the M&A process, you will be involved with several organizations, such as the Competition Protection Commission (Antitrust Law), customs offices, and various license issuing agencies.
As a “coordinator,” the committee can facilitate these procedures and potentially shorten the process considerably.
Conclusion: Successful M&A starts with finding a “reliable local partner
M&A in Uzbekistan requires a deep understanding of the local legal framework and business practices.
The State Investment Committee can be the most powerful “first partner” in this regard. By proactively seeking their input and involving them early in the project, you can reduce unexpected risks and streamline the M&A process.
If you are serious about entering the Uzbekistan market, we strongly recommend that you first visit the Commission’s official website to obtain the latest information.
(Note: This article is based on publicly available information; for specific procedures for M&A, please check directly with the Commission, along with consulting an expert).
References
https://raqobat.gov.uz/en/tasks-and-functions-of-department-divisions
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