IT Park is expanding the scope of activities of its residents — resolution of the Cabinet of Ministers

On December 29, 2023, the Cabinet of Ministers of the Republic of Uzbekistan adopted a resolution on amending and supplementing the List, types of activities permitted for residents of the Technological Park of Software Products and Information Technologies (IT PARK).

Now, according to the introduced amendments, IT Park residents are entitled to provide services in multimedia and design (web design, graphic design, computer game design, vector graphics, 3D graphics, visualization design, motion design), produce animation products using software, engage in venture financing of projects in the field of information technology, and implement acceleration programs, as well as provide e-sports services.

Moreover, to obtain the status of IT Park resident in accordance with the new types of activities, legal entities must meet the following criteria:

— For venture financing of projects in the field of information technology and implementation of acceleration programs, legal entities must be registered and located at the legal address on the territory of the IT Park or its branches;

— For the provision of services in the esports industry, legal entities must possess an international certificate according to the list approved by IT Park.

It is anticipated that the introduction of new types of activities will facilitate the expansion of services in the information technology sector, foster the development of the youth knowledge in multimedia, design, animation, esports, and assist in attracting funding and support for startups.

Undoubtedly, all these initiatives will lead to an enhancement of companies’ competitiveness and an increase in the export potential of IT services in the country, based on the primary objective of the direction — to increase the export volume to $5 billion by the year 2030.