Check in Price

July 19, 2019

Uzbekistan Releases New Residence Permit Options for Property Investors

It is now easier to get a residency permit in Uzbekistan for foreigners. Find out how below.

If you are looking for a country to invest on properties, Uzbekistan should be in your list. Starting this June, foreign nationals will be able to get residency permits if they buy a property in the country.

Citizens from any of the 111 qualified countries will now be able to get residency permits in Uzbekistan if they buy a property worth USD $400,000.

Tashkent Railway Station, Uzbekistan

According to the Uzbek Justice Ministry on Thursday, June 22, the amendments are done as part of the president’s decrees to help Uzbekistan’s tourism flourish. Before this announcement, Uzbekistan implemented other tourism-related projects, such as the e-visa system and the hotel rules reform.

Which Areas Can Foreigners Buy Properties In?

According to the new changes, foreigners will be able to get residency permits if they purchased a property in Tashkent and its surrounding areas for no less than $400,000. Tashkent, the country’s capital, is one of the most culturally-diverse regions in the country. Some would also know Tashkent as the home to major league football clubs such as FC Bunyodkor and Pakhtakor Tashkent FK.

If foreigners prefer a property in areas like Andijan, Khorezm, Samarkand, Fergana and Namangan, the property must be worth $200,000. Samarkand, in particular, is the oldest inhabited city in Central Asia and a hub for Islamic studies. It is also considered a UNESCO World Heritage Site thanks to its well-preserved historic landmarks and traditions.

Shah-i-Zinda in Samarkand, Uzbekistan

 

For regions like Karakalpakstan and other far territories can also be chosen by foreigners for property investment. Karakalpakstan is a major fishing ports and an agricultural hub. However, some foreigners may find it difficult to stay in Karakalpakstan due to its arid climate.

How to Reach to Uzbekistan?

For those in North America, Europe, Russia and the Middle East, it is very easy to fly to Uzbekistan. Those from Asia will need to take a connecting flight from either Seoul, Jakarta, Tokyo, Singapore or Kuala Lumpur to get to the country. Nearby countries such as Afghanistan, Kyrgyzstan, Turkmenistan and Tajikistan can drive to the country easily and pass its borders through the national highway networks that connects their countries together.

If you like to visit Uzbekistan anytime soon, there are a lot of articles online to help you organize your travel plans. A great resource is the government tourism agency of Uzbekistan website.

Mei Manuel

Mei Manuel

I am Mei from the Philippines. I write for a living and sometimes can be found sipping Earl Grey tea.

Leave a Reply

Exit Popup for Wordpress