Q: What is the step process for foreigner to take so he/she can deposit money in Uzbekistan and benefit the high interest being offered there? What document do may required for an application? What is the rates of witholding taxes in Uzbekistan? Thank You
Q: Can Christian US Citizens become residents of Uzbekistan safely? I would deposit $100,000 and hope to live off interest, but what are the tax liability in UZ for interest income?
I know there was a city hosting a big conference recently and have a good background in epidemiology. And problemsolving.
R: Dear Mila
Yes you can become resident in Uzbekistan safely. Uzbekistan is multicultural and multireligion country. We have churches, synagogue and mosques. Regarding tax is not tax in Uzbekistan for earned interest on deposits in banks. But you need to get visa first to come into Uzbekistan and buy property for some amount to get residents permits in Tashkent.
R: Dear Tee
All deposits in Uzbekistan banks is guaranteed by government, so you will get all your money back anyway. To get residents permits in Uzbekistan you need to buy property and pay one-off tax.