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SoftClub has become a resident of IT Park in Uzbekistan

By April 19th, 2023Events

SOFTWARE SC GROUP MA LLC, a company in Tashkent, is one of the SC GROUP companies that has received a certificate of registration in Uzbekistan IT Park. Thus, the former SoftClub representative office in Uzbekistan was transformed into a full-fledged company, which is part of the SC GROUP (SoftClub GROUP).

IT Park is a complex of buildings and structures designed to ensure the launch and promoting prospective start-up projects, moreover it is an extraterritorial free economic zone for IT companies, including through the integration with scientific and educational organizations. It’s a place where active and talented people from the IT sector will get a good chance to transform their ideas into real business projects thanks to accounting, legal, marketing and educational support.

IT Park was opened on July 24, 2019. In a short period of time IT Park has already brought the first fruits in the form of 28 new startups, a dozen projects in the field of information technology, as well as trainings, workshops and meetups involving the youth of the country to the IT industry which eventually helps to develop a computer literacy among the population.

How did it all began? During the first visit of the President of the Republic of Uzbekistan Shavkat Mirziyoyev to the Republic of India, which was held from September 30 to October 2, 2018, the Uzbek and Indian sides agreed to expand cooperation in the IT area. The Uzbek side expressed interest in establishing an information technology park in Uzbekistan in cooperation with Indian information technology companies on the basis of their best practices in software development, accelerating start-ups. It can be noted that IT Park was created at the initiative of the President of the Republic of Uzbekistan to improve the start-up ecosystem and start-up projects and their implementation in the country.

Residence in IT-Park allows for a significant reduce the tax burden. The rate of the tax on individual’s incomes was сut from 12% to 7.5%. In addition, residents are exempt from VAT, social tax, customs duties for the import of goods for their use, sales tax, and VAT on IT services import.

We wish the best of luck to our company and its head with the promotion of SoftClub group decisions in Uzbekistan!