Rights Of Foreign Citizens To Purchase Residential Property

In accordance with the Resolution of the Cabinet of Ministers No. 92 of February 27, 1999, foreign citizens can purchase a residential property within Uzbekistan only if they have a residence permit (RP). Moreover, the Resolution of the Cabinet of Ministers of February 15, 2018 No. 123 defines certain conditions that should be followed while executing such a transaction:

An accommodation should be located in a new building (no more than 3 years shall pass from commissioning the building); The price of the accommodation shall be at least UZS 600,000,000.00 (approximately USD 72,300.00); Payments should be made in the UZS via bank transfer. Foreign citizens and non-residents of Uzbekistan have to pay higher fees for notarizing deals on purchase of residential property in new buildings than citizens of Uzbekistan. The state fee for foreigners is 10% from the contract price.

A basis for obtaining RP is the permission for permanent residence. The permission is granted by local internal affairs authorities at the place of temporary residence of a foreign citizen. To obtain the permission for permanent residence, a foreign citizen (applicant) shall submit the following documents:

Standard form application; Notary certified consent of family members (acquaintances), with whom the applicant intends to reside. The consent shall confirm that the family members agree with the applicant's request to reside with them. It shall be accompanied with the title documents of the family members to the residential property, where the applicant wishes to reside and the documents specifying the number of people living in such residential property; Notary certified copies of birth and marriage certificates confirming the relationship between the applicant and his/her family members, if applicable; Proof of the state...