American-Uzbekistan Chamber of Commerce
SPECIAL ISSUE
  
Useful Resources for US Businesses Interested in Doing Business in Uzbekistan
 
April 29, 2014
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AUCC 20th logo

2014 Opens a New Era for the Chamber

Since 1993 the American-Uzbekistan Chamber of Commerce has been at the forefront of advancing trade and business relations between the US and the Republic of Uzbekistan. AUCC prides itself in catering to the needs of our members, providing them with a platform to interact with policy makers in the US and the Republic of Uzbekistan and ensuring that bilateral commercial relations continue to be on the governments' top agenda.   

 

For the last twenty years AUCC has been a vigorous advocate of the views of the business community to ensure that private sector positions are considered during the development of policies that impact American businesses and the future of U.S.-Uzbekistan relations.  While 2013 concluded our celebrations for the 20th anniversary it also opened a new era for the chamber and our members.

 

We are delighted that today AUCC is a well-known organization that is recognized for its strength and ability to work closely with a great number of partner organizations. AUCC enjoys excellent working relations with the Embassy of the Republic of Uzbekistan in Washington, D.C., the Government of the Republic of Uzbekistan, Uzbek ministries, associations and organizations as well as the executive and legislative branches of the U.S. AUCC also coordinates its efforts with a great number of international financial institutions, business councils and other professional organizations.

We thank you all for your support and engagement and look forward to another year of progress and business successes. 

If your company is interested in joining AUCC, please contact our office at 202-509-3744 or info@aucconline.com.  We invite you to be part of our organization and participate in our activities and events.   

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In This Issue:
AUCC IN BRIEF
Helpful Resources for US Businesses Interested in Uzbekistan
Reports on Doing Business and Investing in Uzbekistan
US Government Agencies and International Financial Institutions
Key Uzbek Government Agencies Involved in Foreign Economic Activity
Obtaining Uzbek Visa
Obtaining Legal Advice
Arranging Translators

Established in 1993, the American-Uzbekistan Chamber of Commerce (AUCC) is a private, non-profit trade association representing interests of U.S. businesses ranging in size from small private enterprises to large, multinational corporations conducting business in Uzbekistan.

Our Mission: To advocate the views of the business community to ensure that private sector positions are considered during the development of key policies that impact American businesses and the future of U.S.-Uzbekistan relations.

Our Objective: To serve the needs of its members by strengthening commercial relations between the United States and Uzbekistan.
Helpful Resources for US Businesses Interested in Uzbekistan
Dear AUCC Members and Friends:

As interest from the US business community in Uzbekistan continues to increase, we have decided to focus this issue on some helpful resources that a new, or even an existing, US company may consider useful when preparing to visit the country and apply for Uzbek visa or undertaking an in-depth country market research and arranging for an in-country translator.  Please note that these resources are just a suggestion and not recommendation.  
We hope this information can help you be better prepared and know what to expect when exploring the Uzbek market of opportunities.    
Reports on Doing Business and Investing in Uzbekistan
Due diligence is an important part of understanding the market's business dynamics, cultural nuances and geopolitical sensitivities to better assess and evaluate your company's business prospects and opportunities. Several US government agencies and international financial institutions as well as private organizations have been producing reports on Uzbekistan, some of these include:
US Government Agencies and International Financial Institutions
US companies are strongly encouraged to keep the following US Government agencies and international financial institutions informed of their business intentions and plans for Uzbekistan.  There are export resources and insurance covers available to US businesses to mitigate risks, promote exports, provide advocacy and facilitate better trade that can be obtained through the following institutions:
Key Uzbek Government Agencies Involved in Foreign Economic Activity
There are several Uzbek state agencies and organizations that US companies are encouraged to meet with at the onset of their business activities in Uzbekistan.  Understanding their structure, functions, responsibilities, requirements and regulations set forth by these organizations can help minimize and/or overcome bureaucratic hurdles and challenges as well as ensure full compliance with the Uzbek legislation. Key organizations that are involved in operations of the US and other foreign companies in Uzbekistan include:  
Obtaining Uzbek Visa
Before planning a trip, please consider visiting the website of the Uzbek Embassy in Washington DC that has a detailed overview of the visa processes involved
 
According to the Uzbek Embassy's website: 
 
"Requirements to obtain Business visa for US citizens:
  1. Official letter of employer
  2. One duly completed and signed Visa Application Form.
  3. Valid original passport
  4. Copy of passport (copy of pages with personal data, visas, stamps and other records).
  5. One passport size color photo
  6. Visa fee for U.S. Citizens:
    10 business days processing - US $ 160.00 
    4 business days processing - US $ 240.00
 
[Read the Embassy's visa overview here].
 
For any visa-related questions please contact Mr. Sirojiddin Yakhshlikov, Consul, Embassy of the Republic of Uzbekistan to the United States of America
Obtaining Legal Advice
While many of the Uzbek foreign investment laws, such
Given a multinational nature of businesses run by many companies and corporations, it is also advisable to check with the ICSID database on the Bilateral Investment Treaties that were signed and ratified between foreign governments and the Republic of Uzbekistan.   
The following listing of law firms that specialize in Uzbekistan is just a suggestion and should not be perceived as recommendation or promotion of their services and expertise:
US companies may also consider checking with the US Embassy in Tashkent and the Uzbek Embassy in Washington DC for additional suggestions.  
Arranging Translators
Communications is a key to doing business in Uzbekistan. Accurate and precise translation is instrumental to your company's ability to explain your objectives, strategies and tactics to Uzbek partners and clients.  US companies are strongly encouraged to speak to members of the international business community in Uzbekistan and seek their advice on the best translation service available.
While AUCC does not have any preferred or recommended service-providers, we were told that the following companies may be worth considering.  Please note that AUCC neither endorse nor promote these companies.      
 

US companies may also consider checking with the US Embassy in Tashkent and the Uzbek Embassy in Washington DC for additional suggestions.  

CONTACT INFORMATION:aucc logo
The American-Uzbekistan
Chamber of Commerce
 
1300 I Street, N.W.,
Suite 720W
 
Washington, DC 20005
 
phone: 202.509.3744
 
info@aucconline.com

www.aucconline.com