IT Park launches a new Zero Risk program

The program's goal is to improve the business climate in the country, attract foreign investments, and stimulate export activities in the IT sector and BPO outsourcing.

To participate in the Zero Risk program, a company must meet several conditions:

— be a resident of IT Park

— have a contract confirming the company's export-oriented nature with an annual value of at least $500,000 or provide information about the annual turnover of the parent company of at least $50,000,000

— the company must have a physical address in any region of the Republic of Uzbekistan, except for the city of Tashkent

— have at least 50 citizens of the Republic of Uzbekistan on staff

Advantages of Zero Risk:

— the resident company receives an office space free of charge for up to 12 months

— the resident company receives assistance in equipping the office with equipment and furniture with a 15-month grace period for payments

— IT Park guarantees partial reimbursement of expenses related to hiring employees who are citizens of the Republic of Uzbekistan. For each hired employee, the company receives a monetary compensation of $500

— up to 15% of costs related to paying salaries to employees from Uzbekistan are reimbursed from the IT Park budget

— up to 50% of expenses incurred by the resident company for calling and maintaining a trainer for preliminary employee training are reimbursed from the IT Park budget.

More detailed information about support programs for IT and BPO companies is available on the official website.

Source: it-park.uz