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Repatriation of profit

Repatriation of profit

 

Ability to repatriate hard currency funds out of Uzbekistan is guaranteed by Uzbekistani laws, e.g. Foreign Investment and Foreign Investors Guarantees Laws.  It is not a practical problem if a money-remitter has its “own” hard currency funds as described above.  It is a practical problem as long as the JVC has to resort to currency procedure established by state authorities.

To the best of our knowledge, foreign investors under normal circumstances do not face problems while repatriating hard currency out of Uzbekistan. It is the problem of conversion that usually is an obstacle. Once the proceeds are converted, taxes and mandatory payments are mad...

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