Uzbekistan is making great efforts to become the new attractive outsourcing destination for companies from all over the world to invest and create business. The country is hosting this year’s international “Offshore Outsourcing Tour” event, which kicks off today and runs until March 20. The event will be held in two significant locations – the capital Tashkent and the second largest city Samarkand.
The initiative is organized by the Ministry of Digital Technologies of Uzbekistan and IT Park Uzbekistan.
The aim of the “Offshore Outsourcing Tour” is to introduce international corporations to Uzbekistan’s potential in the field of information technology and outsourcing, as well as to showcase the opportunities and initiatives implemented by the government to promote investment in the country.
Uzbekistan’s Potential as an Outsourcing Destination
In recent years, Uzbekistan has emerged as the new attractive outsourcing destination. The country offers unprecedented tax incentives, customs preferences and various support programs.
Since 2017, exports or IT services exports have increased from USD 700 thousand to USD 344 million in 2023. The number of residents with foreign capital in IT Park has increased twenty-fold in the last two years, reaching 464 entities, while the total number of residents of the organization amounts to 1828 companies.
One of the Republic’s biggest goals is to export IT services worth a total of $5 billion by 2030, a 14.5-fold increase compared to 2023 figures.
The organization of various international events such as the “Uzbekistan Outsourcing Conference” and the “Uzbekistan Tech Conference” contributes to the realization of this goal.
IT Park representatives actively participate in international IT events, organize visits with foreign organizations and corporations, work to improve the legal framework and create more favorable conditions and opportunities. Also, efforts are being made to establish the International Centre for Digital Technologies “Enterprise Uzbekistan”.
“Offshore Outsourcing Tour” and the Advantages of Uzbekistan for Establishing a Global Business
The “Offshore Outsourcing Tour” event will be attended by over 200 representatives of foreign companies and organizations, and participants will be introduced to the main advantages of Uzbekistan for global business ventures. Some of these advantages are related to highly skilled employees who are fluent in foreign languages; good tax conditions with 0% corporate, social, property and land tax rates, customs preferences and zero VAT rate; support programs; IT visa with a term of up to three years; the opportunity to set up a business in just 6-8 weeks, with the “One Stop Shop” service, and continuous support from IT Park during this time.
The event starts today in Tashkent. Speakers are Sherzod Shermatov, Uzbekistan’s Minister of Digital Technology and Farhad Ibrahimov, CEO of IT Park Uzbekistan.
The first day includes two panel discussions that will cover topics related to talent development and innovation in education and the performance of the outsourcing ecosystem in Uzbekistan, outlining the specifics and interests of the ITES industry in the country.
A roundtable discussion on navigating the IT outsourcing market in Uzbekistan will be held tomorrow in Samarkand. Participants will receive information from industry experts on the key steps in establishing and doing business in Uzbekistan.
The last day of the event is dedicated to a cultural program in Samarkand, including visits to famous historical sites.
