Before starting a new business, project, or investment, it is essential to assess its viability in real market conditions. A feasibility study helps determine the potential profitability, risks, and operational requirements of your idea, providing a solid foundation for informed decision-making.
Loialte provides comprehensive feasibility study services in Uzbekistan, including:
By partnering with Loialte, your company gains access to professional feasibility studies that provide accurate insights, reduce risks, and increase the likelihood of successful project implementation in Uzbekistan.
Yes, a feasibility study (FS) or a detailed business plan is a mandatory legal requirement for any investment project that seeks state guarantees, tax incentives, or government approval under the Law “On Investment and Investment Activities.” According to Cabinet of Ministers Resolution No. 264, projects exceeding a specific value (typically around $1 million or 10 billion UZS) must provide a duly approved feasibility study to confirm economic and financial efficiency. This document serves as the technical and financial basis for the Investment Agreement concluded with the Ministry of Investments, Industry, and Trade (MIIT). Practically, without an FS, a project cannot access the centralized investment program or benefit from the “Investment Visa” regime for foreign founders. Compliance with this requirement is the first step for any significant capital entry into the Uzbekistan market.
In Uzbekistan, a feasibility study must strictly cover technical, economic, and financial viability, including market analysis, production plans, and cash flow forecasts. According to Central Bank regulations and the requirements of commercial banks (such as KDB or NBU), the FS must include a detailed risk assessment, pricing policy, and an analysis of the “Value Chain.” Legally, for projects involving state-owned enterprises or government funding, the FS must also undergo a “Comprehensive Expertise” by the Ministry of Economy and Finance. Practically, the document should also address environmental and social safeguards (E&S) to meet the standards of international lenders like the EBRD or ADB. A high-quality FS acts as a legal roadmap that justifies the loan term and the collateral coverage ratio to the Credit Committee.
Yes, a well-structured feasibility study is the primary legal evidence required to qualify for tax and customs exemptions provided under the Tax Code and the Law “On Investment.” According to Article 75 of the Tax Code, enterprises attracting direct foreign investment may be exempt from property, land, and water taxes, but these benefits are often contingent on the project’s parameters as defined in the FS. Furthermore, customs duty exemptions for imported technological equipment are only granted if the equipment is listed in the approved project documentation. Practically, the FS proves that the investment is being made in a “priority sector” or a specific region (excluding Tashkent city for certain incentives). It serves as the foundation for the “Investment Agreement” which legally codifies these tax holidays for the duration of the project’s construction and initial operation.
The official approval process involves submitting the feasibility study to the relevant state authorities for “Project Expertise” to ensure compliance with national safety, environmental, and urban planning norms. According to the Law “On Investment,” the Ministry of Investments, Industry, and Trade (MIIT) reviews the documentation within 15–30 days to confirm its alignment with the country’s development goals. Legally, if the project involves construction, the FS must also pass the expertise of the Ministry of Construction. Practically, this stage often involves several rounds of “refinement” where the investor must clarify technical parameters or financial assumptions. Once approved, the FS becomes a legally binding Annex to the Investment Agreement, and any major deviations from it during implementation could lead to the revocation of tax privileges.
The cost of developing a feasibility study in Uzbekistan varies based on the project’s scale and the level of international certification required (e.g., UNIDO or World Bank standards), but it is a legally deductible “pre-investment” expense. Under the Law “On Accounting,” costs associated with the preparation of an FS can be capitalized or expensed as part of the project’s start-up costs. Practically, the fee for a professional consulting firm like Loialte is justified by the “Success Rate” in securing bank financing and government incentives, which often far exceed the initial service cost. A professional FS reduces the “Information Risk” for stakeholders and provides a clear ROI (Return on Investment) calculation that is audit-ready. For foreign investors, an FS prepared by a local expert with knowledge of Lex.uz regulations ensures that the business model is legally viable before the first dollar is spent.
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Uzbekistan, Tashkent
United Arab Emirates, Dubai
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Uzbekistan, Tashkent
United Arab Emirates, Dubai
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