Relocating production can be a strategic decision to increase a company's profitability and competitiveness. An increasingly popular choice for companies looking to optimize their production is Uzbekistan.
In recent years, Uzbekistan has become an attractive location for companies looking to reduce their production costs and benefit from a growing labor force. The country offers a variety of advantages, including low labor costs, a strategically favorable geographical location and an increasingly stable political situation. In addition, Uzbekistan has a well-developed infrastructure that facilitates the transportation of goods.
A major advantage of relocating production to Uzbekistan is the low cost of labor, energy and raw materials. This enables companies to significantly reduce their production costs and become more competitive. In addition to low labor costs, Uzbekistan also offers tax incentives and favorable financial conditions for companies that decide to relocate production.
Production costs in IP are among the lowest in the world.average comparative energy prices in USD in December 2023:
The average monthly wage is around CHF 250 (much higher in the capital Tashkent, depending on qualifications). In the provinces, an assistant currently works for around CHF 100 per month.
Compared to some other countries in the region, Uzbekistan offers a stable political situation and a business-friendly environment. The country has introduced reforms to attract investment and facilitate business operations. This creates confidence for companies looking to relocate their production to Uzbekistan.
With an average age of 27, Uzbekistan has a young and growing workforce with a wide range of skills and qualifications. The country has consistently invested in training and developing its workforce in recent years to meet the needs of industry. Companies relocating their production to Uzbekistan can benefit from the availability of a skilled workforce.
Uzbekistan's education system has traditionally had strict educational principles based on decency, politeness, respect for age and consistent teaching of math and science.
The Uzbek government has introduced various incentives to encourage companies to relocate their production to Uzbekistan. These include tax concessions, financial support and the provision of industrial zones with special infrastructure. These government incentives can further reduce the costs of relocating production and increase the country's attractiveness as an investment location.
Here is a summary of the most important taxes that affect entrepreneurs in Uzbekistan.
Uzbekistan is a country with a diverse and growing labor force that plays a crucial role in the country's economic development.
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