Tajikistan is set to expand the capabilities of the Tajik-Uzbek Investment Company to finance businesses. To this end, the conditions for using foreign currency will be amended, favourable tax and customs arrangements will be introduced for imports of technological equipment, and project financing mechanisms will be improved.
The lower house of Tajikistan’s parliament approved the corresponding amendments to the intergovernmental agreement on October 1, the parliamentary newspaper Sadoi Mardum reports.
The amendments concern the agreement between the governments of Tajikistan and Uzbekistan under which the joint investment company was established.
Presenting the document, Sultan Rahimzoda, chairman of the State Committee for Investment and State Property Management, said the amendments are aimed at creating more favourable conditions for the company’s operations, reducing equipment procurement costs, and expanding financing for manufacturing projects.
In particular, the new provisions regulate the use of foreign currency, introduce favourable tax and customs conditions for imports of technological equipment, and improve the mechanisms for financing investment projects.
One of the company’s key activities is leasing finance. Through this mechanism, entrepreneurs will be able to obtain the equipment they need to establish new production facilities and modernise existing enterprises.
The protocol of amendments was signed on March 26, 2026, during Tajikistan President Emomali Rahmon’s state visit to Uzbekistan.
The Uzbek side has already completed its domestic ratification procedures. According to information presented to parliament, the document was approved by the relevant decision on September 9, 2026.
Seven projects worth $20.9 million
At the session, Sultan Rahimzoda also presented the results of the joint investment company’s activities.
According to him, by October 1, 2026, the company had, together with domestic entrepreneurs, prepared and approved seven investment projects with a combined value of $20.9 million.
They span industry, agricultural processing, food production, medical services, and other sectors.
Some $8.9 million has already been directed towards implementing these projects, representing approximately 43% of their total value. Once all approved projects are fully implemented, more than 720 jobs are expected to be created.
As was noted at the parliamentary session, the investment company also employs leasing mechanisms that allow entrepreneurs to acquire modern technological equipment.
When and why was the joint company established?
The Tajik-Uzbek Investment Company was established under an intergovernmental agreement dated June 10, 2021. Its primary purpose is to finance joint investment projects, support entrepreneurship, create new production facilities, and develop economic cooperation between the two countries.
It was previously reported that the company’s initial authorised capital was $12 million. Of that amount, 75% came from Uzbekistan’s Reconstruction and Development Fund, with the remaining 25% contributed by the state unitary enterprise Tajinvest under Tajikistan’s State Committee for Investment.
The company is registered in Dushanbe. When it was established, provision was made for a phased increase in capital to $50 million as the investment project portfolio grew.
The joint entity was given the ability to provide financing to enterprises, take equity stakes in existing and newly established companies, and attract funding from international financial organisations.
The company’s capital is growing
In July 2026, Tajikistan’s Finance Minister Fayziddin Qahhorzoda reported that the joint investment company’s capital exceeds $50 million.
According to him, the company is regarded as one of the instruments for financing projects in industry, agricultural raw material processing, and logistics, as well as for supporting small and medium-sized businesses.
The expansion of the company’s activities was also discussed during Emomali Rahmon’s state visit to Uzbekistan in March 2026. The parties agreed to continue work on strengthening its financial capacity and supporting joint production ventures.
Joint Tajik-Uzbek enterprises
Changes in the investment company’s activities are taking place against the backdrop of expanding economic ties between Tajikistan and Uzbekistan.
According to Uzbekistan’s National Statistics Committee, as of September 1, 2026, 483 enterprises with Tajik capital participation were operating in the republic. Their number grew by 118 over the year, or by 32.3%.
In Tajikistan, according to previously published data, 116 enterprises with Uzbek investment participation were operating.
In 2025, mutual trade between Tajikistan and Uzbekistan totalled $718.3 million. The two countries intend to increase this figure to $2 billion by 2030.
In this context, the joint investment company is expected to help attract capital, establish new enterprises, and expand production cooperation.