The "Start Your Business in 15 Minutes" system will be introduced for entrepreneurs

According to the decree of the President of the Republic of Uzbekistan, Shavkat Mirziyoyev, it is planned to reduce entrepreneurs' administrative expenses by up to 90 billion soums. This was reported by Zamin.uz.

To achieve this goal, starting from next year, the principle of "Start Business in 15 Minutes" will be introduced in the country. This principle is aimed at simplifying the process of starting entrepreneurial activity and saving time.

Within the framework of the new system, entrepreneurs will be able to use a number of convenient services during registration. In particular, they will be provided with the opportunity to obtain an electronic digital key, submit applications to open bank accounts, and formalize licenses.

Additionally, the procedures for formalizing lease agreements, online registration, and purchasing cash registers will also be simplified. These changes are specifically noted in the decree of the head of state.

According to data from the State Statistics Committee, at the beginning of November this year, more than 465.9 thousand enterprises were operating in the republic. This figure has decreased by 0.7 percent compared to last year.

More than 395.7 thousand of these enterprises correspond to small business entities. By region, the highest number of operating enterprises are located in Tashkent city (23 percent), Tashkent region (9.7 percent), and Samarkand region (8.6 percent).

These innovations are expected to contribute to the development of entrepreneurship and increase economic activity.