CREATING A FAVORABLE LEGAL FRAMEWORK TO ATTRACT FOREIGN INVESTORS - A COMPARATIVE STUDY OF UZBEKISTAN, KAZAKHSTAN AND SOME DEVELOPED COUNTRIES
Keywords:
investment, definition of investment, investment climate, foreign investors, foreign investment, investment legislation, investment activity, investment codeAbstract
This article discusses the legislations of the Republics of Uzbekistan and Kazakhstan on foreign investment and analyze the history of investment legislation of these two countries. Furthermore, legislations of developed countries such as Malaysia, Singapore and Indonesia will be studied in order to suggest appropriate legal environment for the Republic of Uzbekistan on attracting foreign investment. In conclusion, this research will be comparative review of different jurisdictions on investment and the ways of improving Uzbekistan’s legal framework will be suggested.
References
Law of the Republic Uzbekistan on foreign investments. https://lex.uz/docs/4403531
Declaration of the Kazakh SSR on state sovereignty of the Kazakh SSR. https://cis-legislation.com/document.fwx?rgn=6402
Collection of normative acts regulating the legal basis of market relations in the Republic of Kazakhstan.
Constitution of the Republic of Kazakhstan. https://www.legislationline.org/download/id/8207/file/Kazakhstan_Constitution_1995_am_2017_en.pdf
Law of the Republic of Kazakhstan on foreign investment. https://online.zakon.kz/Document/?doc_id=1030647
Law of the Republic of Kazakhstan on state support of direct investment. https://www.ilo.org/dyn/natlex/natlex4.detail?p_lang=en&p_isn=51292&p_country=KAZ&p_count=349
Indonesian Investment Law (2007). https://www.indonesia-investments.com/business/foreign-investment/investment-law-indonesia/item8322
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