Source: https://rivet.global/blog/uzbekistan-it-park-residents-billing-foreign-clients
Published: 2026-10-23 · Updated: 2026-10-23 · By Rashidatou K.

# Uzbekistan IT Park residents billing foreign clients: incentives and receiving payment

Uzbekistan's IT Park residents get tax incentives on qualifying IT work. How they invoice foreign clients, receive dollars and meet export rules.

## Key takeaways

- IT Park residents in Uzbekistan benefit from reduced taxes on qualifying IT activities, under the park's regime.
- Residents export IT services to clients abroad, usually invoicing in dollars or euros.
- Uzbekistan liberalised its currency market in 2017; companies can hold and convert foreign currency through Uzbek banks.
- Export contracts are registered in the electronic system, and proceeds must arrive within the repatriation period.

A Tashkent software company, an IT Park resident, builds systems for a logistics firm in Chicago and a retailer in Berlin. Its income from that work is taxed under the park's reduced regime. Its contracts are recorded in Uzbekistan's foreign trade system, and each payment arrives at its Uzbek bank in dollars or euros.

## IT Park

IT Park Uzbekistan is the government's technology park and incentive regime. Residents carrying out qualifying IT activities receive reduced taxes, including exemptions from several taxes on qualifying income and a reduced personal income tax rate for employees. Residency can be held without a physical office in the park in many cases.

## Exports

Many residents sell mostly abroad. They invoice foreign clients in dollars or euros, with export treatment for VAT where it applies. Foreign trade contracts are recorded in the electronic information system for foreign trade operations, which tracks payments against the contract.

## Currency

Uzbekistan liberalised its currency market in 2017. Companies can hold foreign currency accounts and convert at market rates through banks. Export proceeds must still be received within the repatriation period set by law and the contract.

## Faster payments

US and European clients sending wires to Uzbek banks go through correspondent banks, which can add days. Agree who pays charges, and send invoice numbers with each payment request.

## Where Rivet fits

Rivet opens business accounts for registered companies after verification. Uzbekistan-registered companies must receive export proceeds in Uzbekistan within the repatriation period, so check with your bank before receiving funds abroad. Rivet is not a bank; regulated partner institutions hold the funds.

## Questions

### What incentives do IT Park residents get?

Reduced taxes on income from qualifying IT activities, including exemptions from several taxes and a reduced personal income tax rate for employees, under the park's rules. Check the current regime with IT Park.

### Can Uzbek companies hold dollars?

Yes. Since the 2017 currency liberalisation, companies can hold foreign currency accounts at Uzbek banks and convert at market rates.

### Do export contracts need registration?

Foreign trade contracts are recorded in Uzbekistan's electronic information system for foreign trade operations, which tracks payments and deliveries.

### Is there a repatriation deadline?

Yes. Export proceeds must be received within the period set by law and the contract. Ask your bank for the current rule.