The star of Central Asia shines in the field of information technologies. The ICTWEEK Uzbekistan 2023 event took place in Tashkent with intense participation, bringing Uzbekistan’s IT services exports one step closer to its 5 billion dollar target. The comprehensive advantages offered by foreign IT companies for their investments in the country accelerate this growth.
Uzbekistan wants to be number one in its region!
ICTWEEK Uzbekistan 2023 was held in Tashkent with the aim of becoming a regional IT center by bringing together public and private sector representatives. Uzbekistan Outsourcing Forum offers an important platform by bringing together foreign experts, local representatives and representatives of international IT companies.
In his presentation titled “Uzbekistan: A Center for IT Outsourcing”, Farhod Ibrahimov, General Manager of IT Park Uzbekistan, gave information about the expansion of international outsourcing opportunities, the investment potential of the country, and the unique tax advantages and programs that enable foreign companies to enter the market without any problems.
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Uzbekistan’s goal is to increase IT services exports to 5 billion dollars annually. The “All in One” program offered by IT Park offers companies comprehensive privileges such as corporate special administrator, 24-hour support service, support in personnel recruitment, infrastructure, legal, accounting and banking services. Moreover, IT Park residents are exempt from all corporate taxes and pay a preferential income tax of only 7.5%.
Uzbekistan’s appeal is not limited to economic advantages. The country has a young and talented population, and foreign language skills are quite common. More than 5 million people speak English. This provides low labor costs and ease of doing business.
In addition, the advantages offered by the government and institutions such as IT Park Uzbekistan make the work of companies easier. Incentives such as corporate tax exemption, low income tax rate, and customs duty exemption provide great support to companies. Additionally, benefits such as free office space, technical support, residence permit facilities and a 3-year IT visa make doing business more attractive.
Uzbekistan’s appeal is not limited to economic advantages. The country has a young and talented population, and foreign language skills are quite common. More than 5 million people speak English. This provides low labor costs and ease of doing business.
In addition, the advantages offered by the government and institutions such as IT Park Uzbekistan make the work of companies easier. Incentives such as corporate tax exemption, low income tax rate, and customs duty exemption provide great support to companies. Additionally, benefits such as free office space, technical support, residence permit facilities and a 3-year IT visa make doing business more attractive.