Saida Mirziyoyeva has another new job. By presidential decree – that is, by order of her own father, President Shavkat Mirziyoyev, whose administration she heads – Mirziyoyeva has been appointed manager of the Tashkent International Financial Center (TIFC).
The TIFC was proposed in a March 2026 presidential decree as part of an effort to bring in long-term foreign direct investment. The financial center aims to attract investors in a range of industries from banking, investment, and insurance services to digital assets, Islamic finance, and green tech, in addition to professional services like auditing, legal counsel, and fintech.
Signed into law in July, the TIFC will operate under a special legal regime, based on English law, with a unique regulatory framework and an independent commercial court. With this arrangement, Uzbekistan seeks to address long-standing concerns foreign investors have had by carving out a legal space that isn’t governed strictly by Uzbek law.
In pursuit of attracting foreign investors, those engaged in the TIFC will reportedly be able to hire foreigners without obtaining the usually required work permits and take advantage of special entry visa options. They will be allowed use foreign currency or cryptocurrency for payments and other monetary obligations and will benefit from tax and customs breaks until 2076.
