ISLAMABAD — Uzbekistan has launched a new “Golden Visa” initiative designed to attract foreign direct investment and accelerate economic development. The move follows President Shavkat Mirziyoyev’s April 2025 decree aimed at enhancing industrial and export activity, improving trade policy, and stimulating entrepreneurship.
Effective June 1, the Golden Visa will offer a five-year residence permit to foreign nationals and stateless individuals who invest at least $150,000 per family member, including spouses, children, and parents. The visa will be granted through a streamlined application process, reinforcing Uzbekistan’s commitment to investor-friendly reforms.
Strengthening the Investment Climate
The program is part of Uzbekistan’s broader strategy to strengthen legal protections for investors, modernize the economy, and attract international expertise, capital, and technology. Officials say the Golden Visa initiative is expected to support regional development and further open the country to global markets.
Since launching comprehensive reforms in 2017, Uzbekistan has attracted over $100 billion in foreign investment, introduced more than 1,800 new products, and initiated over 1,000 public-private partnership (PPP) projects. Reforms include:
Liberalization of the banking and foreign exchange sectors
Constitutional protections for foreign investors
Privatization of state-owned enterprises
Investor Confidence Growing
High-profile international investment events such as the Tashkent International Investment Forum and the Foreign Investors Council have bolstered investor confidence and facilitated direct dialogue between business leaders and the government.
At the III Tashkent Forum in May 2024, investors including Naguib Sawiris of Egypt’s Orascom Group lauded the reforms. Sawiris confirmed new commitments, including $400 million in sugar production and $20 million in gold and copper mining.
Competitive in the Global Market
Uzbekistan now joins a growing list of countries offering Golden Visa programs to attract global investors. For context:
Portugal: €250,000–500,000
Greece: €250,000
Cyprus: €300,000
UAE: $550,000
USA: $5 million
Singapore: $7.7 million
Kazakhstan: $300,000
Uzbekistan’s relatively accessible threshold of $150,000 positions it competitively in the global residency-by-investment landscape.
A Strategic Move Forward
The launch of this Golden Visa underscores Uzbekistan’s commitment to progressive immigration policies that attract long-term investors and promote sustainable growth. It is also a signal to the international community that the country remains open to global partnerships and serious about becoming a top-tier investment destination in Central Asia.
Key Takeaways:
Minimum investment: $150,000 per family member
Visa duration: 5 years, renewable
Target group: Foreign investors and stateless individuals
Benefits: Residency, legal protections, and simplified entry
With its modernized policies and strong economic momentum, Uzbekistan’s new visa program offers compelling opportunities for investors seeking access to a rapidly developing market.
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