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Uzbekistan inaugurates its first IT Park in Tashkent

posted onAugust 19, 2019

The first ever Technological Park of software products and information technologies in Uzbekistan opened in Tashkent on July 24.

Located in the Mirzo-Ulugbek district, at the Al-Khwarizmi school near Tashkent Inha University, the IT Park includes business incubation, acceleration and venture fund programmes, as well as a complex of facilities, including office spaces and equipment designed to ensure the launch of ambitious start-up projects on the market.

The official opening ceremony was attended by representatives of the Ministry for Development of Information Technologies and Communications of the Republic of Uzbekistan -which is is the actual founder of the park -Software Technology Parks of India (STPI)-which has already opened and supports the work of 57 technology parks in India- the Ambassador Extraordinary and Plenipotentiary of Israel to Uzbekistan, local IT companies and programmers, startupers, journalists and bloggers. 

“I would like to note that we are creating an ecosystem, which, of course, does not consist only of technological infrastructure, and the opening of the building is only a shell, the first step” Mr.Farkhod Ibragimov, Director of IT Park said during the event.

Mr Ibragimov was previously the director of the Mirzo Ulugbek Innovation Center, established in 2017 by the government  for the purpose of development of information and communication technologies in Uzbekistan. 

IT Park Uzbekistan president
Mr. Farkhod Ibragimov, Director of IT Park Uzbekistan

It was also stated that the main goal of IT Park is to create a competitive start-up ecosystem with a focus towards creating more export-oriented jobs. 

The IT Park whose slogan is "start local and go global" has so far partnered with Software Technology Parks of India (New Delhi), Tech Nation (London), IT start-ups tech park Astana Hub (Nur-Sultan), Exadel (Minsk), IT-parks of Moscow and Kazan, Mirzo Ulugbek Innovation Center, Inha University in Tashkent, Tashkent University of Information Technologies, Business School Humo Campus, GroundZero co-working network and C-SPACE.

The first start-up team of the IT-Park, which passed the selection of the Advisory Board, includes 15 projects:

Fastgo - Igor Kim; Document Scanner - Shukhrat Zakhidov; Electronic Shelf Label - Muzaffar Mahkamov; Agromart - Akbar Bobokhonov; Arzon Apteka - Danik Kamilov; Meteostation - Vladimir Alatartsev are included to the acceleration programme.

Revisor - Islomali Nuraliyev; Event - Shohrukhon Umarov; Altmed - Mahmudjon Sodikov; Worklance - Bekzodhon Mahkamov; Delivera - Aziz Kurbonov; Spherra - Rustam Yuldashev; AydaTuda - Vladislav Vavilov; Patient Monitor - Murod Akhunov; LockerPost - Rustam Asimov are included to the incubation programme.

IT Park residents will benefit from a number of tax and customs privileges and preferences defined by the Decree of the President of the Republic of Uzbekistan dated June 30, 2017.

According to the no. UP-5099 “On measures to fundamentally improve the conditions for the development of the information technology industry in the Republic Uzbekistan ” they are waived until January 1, 2028 from paying:

  • All types of taxes and fees to state trust funds, as well as a single social payment;
  • Customs duties (except for customs fees) for imported equipment and components, as well as software not produced in Uzbekistan.

IT Park residents will also be entitled to pay wages to foreign specialists in foreign currency within the limits of export proceeds.

In addition, income received in the form of wages to employees under employment contracts with residents of the IT park received before January 1, 2028 is subject to personal income tax at a fixed rate of 7.5% and is not included in the total annual income of individuals, the Tashkent Times reported.

According to the creators of the Park, in the near future will open not only three blocks of IT-Park, which include a co-working centre, IT-academy, IT-laboratories and an IT-hotel, but also new IT Park branches throughout Uzbekistan for the development of IT entrepreneurship in the country's regions.