Article 16. Capital Movement Operations

All international (cross-border) currency operations, which are not classified as current international operations, shall be deemed capital movement operations, including:

implementation of investment activities, which include working capital replenishments by residents of their branches situated outside the territory of the Republic of Uzbekistan;

receiving and granting of credits (loans), the implementation of leasing operations;

purchase and sale of real estate;

attraction from foreign countries and placement of fund resources to accounts and deposits in foreign countries;

acquisition or full sale of the exclusive right to intellectual property.

Attraction to the Republic of Uzbekistan of foreign direct investments and their repatriation, as well as the realization of the rights acquired in connection with the implementation of foreign direct investments, shall be carried out without restrictions.

Capital movement operations with respect to acquisition and construction of real estate objects outside the Republic of Uzbekistan for needs of diplomatic and other representative offices of the Republic of Uzbekistan shall be carried out pursuant to the decision of the Cabinet of Ministers of the Republic of Uzbekistan.

The procedure for circulation of securities in foreign currency in the territory of the Republic of Uzbekistan, acquisition of securities in foreign currency by residents, as well as acquisition by non-residents of securities issued by residents, shall be established by the authorized state body for regulation of the securities market jointly with the Central Bank.