Uzbekistan Golden Visa Through Real Estate: Complete 2025–2026 Guide
By Aziza Gafurova
Can You Get a Golden Visa Through Real Estate? ✅ Yes — Uzbekistan's Golden Visa grants a 5-year residence permit to qualifying foreign investors
Uzbekistan launched its first Golden Visa — a five-year residence permit by investment — on 1 June 2025. For international buyers, real estate remains the most tangible and popular qualifying route. This guide explains the updated thresholds, the property pathway, eligibility, documents, taxes and the full step-by-step process for obtaining residency through real estate in Uzbekistan.
Quick Answer: Can You Get a Golden Visa Through Real Estate?
- ✅ Yes — Uzbekistan's Golden Visa grants a 5-year residence permit to qualifying foreign investors
- ✅ Real estate is a qualifying investment route (historically the primary route)
- 💰 Minimum investment: $250,000 for the main applicant
- 👨👩👧👦 $150,000 for each additional family member (spouse, children, parents)
- 📅 Permit valid up to 5 years, renewable
- 🏠 Popular markets: Tashkent City, central Tashkent, Samarkand
What Is the Uzbekistan Golden Visa?
On 1 June 2025, Uzbekistan introduced a simplified procedure for granting five-year residence permits to foreign investors — widely referred to as the 'Golden Visa'. The program is administered by the Ministry of Justice and the Ministry of Internal Affairs, and replaced the older region-by-region property-purchase residency rules with a unified, nationwide investment threshold.
Under the new rules, a foreign citizen or stateless person can obtain a residence permit by making a qualifying investment contribution. Real estate purchase is one of the most common qualifying investments, because it gives the investor a tangible asset alongside the residency status. The permit allows the holder (and enrolled family members) to live, work, bank and do business in Uzbekistan for up to five years, with the possibility of extension.
Investment Thresholds (2025 Update)
The Ministry of Justice significantly increased the minimum investment amounts in 2025. The current thresholds are:
| Tier | Amount | Note |
|---|---|---|
| Main applicant | $250,000 | Qualifying investment contribution |
| Each family member | $150,000 | Spouse, children, parents |
| Previous real-estate route (pre-June 2025) | $100,000–$300,000 | Varied by region — property purchase only |
The Real Estate Route
Before June 2025, foreigners could only obtain a residence permit by purchasing real estate worth between $100,000 and $300,000, depending on the region. The updated program no longer makes a property purchase mandatory — any qualifying investment contribution qualifies — but real estate remains the route most investors choose because it combines residency with an income-producing, appreciating asset.
To use the real estate route, the property value must meet or exceed the $250,000 investment threshold. New-build apartments in Tashkent City and central Tashkent, as well as commercial premises, most commonly meet this threshold. The property must have a registered title (cadastre) and be free of encumbrances.
Eligibility Requirements
- Valid passport with at least 6 months validity beyond application
- Clean criminal record (apostilled police certificate)
- Proof of source of funds for the investment
- Minimum age 18 (minors included as family members)
- No mandatory language or integration test
- Health insurance valid in Uzbekistan
Required Documentation
Valid Passport
Original + notarized translation into Uzbek. Valid for at least 6 months.
Police Clearance Certificate
Apostilled and translated; covers the last 5 years of residence.
Proof of Investment / Property Title
Cadastre extract confirming ownership of qualifying real estate, or proof of investment contribution.
Tax ID (INN)
Obtained from the State Tax Committee before application.
Medical Certificate
Standard medical check from an Uzbek-approved clinic.
Health Insurance
Policy valid in Uzbekistan for the permit duration.
Family Member Documents
Marriage/birth certificates, apostilled and translated, for each enrolled member.
Step-by-Step Application Process
1. Obtain INN (Tax ID)
Apply at the State Tax Committee with your passport. Takes 1–3 business days, free.
2. Open a Local Bank Account
Open an account at an Uzbek bank (NBU, Asaka, Kapitalbank accept foreigners) to receive the investment funds.
3. Find Qualifying Property on Ayvon.uz
Browse verified listings priced at or above $250,000 in Tashkent City, central Tashkent or Samarkand. Confirm the verified cadastral badge.
4. Due Diligence & Notarized Purchase
Hire a local attorney to check the cadastre and encumbrances, then execute the purchase before a licensed notary. Register the title transfer at the State Cadastre Agency.
5. Prepare Application File
Compile passport, INN, police certificate, title proof, medical and insurance documents, plus family member paperwork.
6. Submit to Migration Authorities
File the residence permit application with the Ministry of Internal Affairs (migration service). Processing typically takes 10–20 business days.
7. Receive 5-Year Residence Permit
Once approved, you and enrolled family members are issued a residence permit valid for up to 5 years, renewable.
8. Register Address & Biometrics
Register your residential address and complete biometric enrollment within 10 days of permit issuance.
Where to Invest: Real Estate Markets
To meet the $250,000 threshold, most investors target these markets:
Tashkent City (International Business Center)
New premium apartments and commercial units; strongest rental yields (8–10%); highest capital growth.
Central Tashkent (Yunusabad, Mirzo-Ulugbek, C1)
Established districts; 3-bedroom new-builds commonly exceed $250,000.
Samarkand & Bukhara
Tourism-driven markets; lower entry prices but rising interest from foreign buyers.
New Tashkent District
Emerging master-planned area; long-term appreciation play.
Taxes & Fees for Investor-Buyers
| Tax | Rate | Note |
|---|---|---|
| Property Transfer Tax | 1% of cadastral value | Paid at registration |
| Notary Fee | 0.5–1% of transaction value | Paid to notary |
| Annual Property Tax | 0.1–0.5% of cadastral value | Annual obligation |
| Rental Income Tax | 10–15% | If you rent out the property |
| Golden Visa Application Fee | State fee (set by MIA) | Paid with the application |
Benefits of the Uzbekistan Golden Visa
- Up to 5 years of legal residence, renewable
- Family inclusion (spouse, children, parents) for an additional contribution
- Right to work, bank and run a business in Uzbekistan
- Property purchase optional — but real estate remains the most popular qualifying route
- Tax incentives available for qualifying investment projects
- Access to government tenders on preferential terms
- Strategic location between Europe and Asia
Investor Profiles
European Investor Family
3-bed apartment, Tashkent City
Invested $280,000. Family of three (main + spouse + child = $550,000 total). 5-year permits issued in 6 weeks.
Middle East Entrepreneur
Commercial unit, central Tashkent
$320,000 commercial property qualifying the investment. Rents to a local retailer; 9% yield alongside residency.
Asian Retiree Couple
2-bed apartment, Samarkand
Used combined $400,000 contribution. Lower cost of living, tourism-driven appreciation.
Frequently Asked Questions
Q: Is buying property still required for the Golden Visa?
A: No. Since 1 June 2025, any qualifying investment contribution qualifies — property purchase is optional but remains the most popular route because it pairs residency with a tangible, income-producing asset.
Q: Does the property need to be worth at least $250,000?
A: Yes. If you choose the real estate route, the property value must meet or exceed the $250,000 investment threshold for the main applicant, plus $150,000 for each enrolled family member if separate property is used to qualify them.
Q: Can family members get permits too?
A: Yes. Spouse, children and parents can be included with an additional $150,000 investment contribution per member. They receive their own residence permits tied to the main applicant.
Q: How long is the permit valid?
A: The residence permit is issued for up to 5 years and is renewable. You must maintain the qualifying investment for the duration of the permit.
Q: Can I work or start a business?
A: Yes. Golden Visa holders can live, work, open bank accounts and run a business in Uzbekistan. The permit does not restrict employment.
Q: Do I need to live in Uzbekistan full-time?
A: No minimum stay is required to maintain the permit, but you must maintain the qualifying investment and register a local address.
Q: How does this compare to the old property route?
A: Previously, residency required a property purchase of $100,000–$300,000 depending on region. The new program unifies this into a single $250,000 investment threshold nationwide and broadens eligible investment types beyond real estate.
Q: Can I sell the property later?
A: Selling the qualifying property before the permit expires can jeopardize your residency. Investors typically hold the property for at least the 5-year permit term, then renew or switch investment.