Uzbekistan eases license capital requirements for private employment agencies

The government of Uzbekistan has reduced the reserve capital required for private employment agencies to obtain licenses, according to a recent presidential decree. This change, effective from December 1, 2024, allows agencies to deposit reserve funds in commercial banks, where they can earn interest, as long as the deposits are not used without permission from the agency.

Photo: mehnat.uz

The minimum capital requirement for licensing will be reduced from 8,500 times the base calculation unit (3.19 billion UZS) to 4,000 times (1.5 billion UZS), according to Norma.

This adjustment aligns with measures in the October 17 presidential decree, titled “Additional Measures to Regulate Employment Processes Abroad,” which also establishes that the Migration Agency will coordinate vocational and language training programs for citizens seeking employment abroad. Training contracts will be offered to educational institutions to provide courses on foreign languages and vocational skills, with financing from the Education Credit Financing Fund for international certification programs.

Additionally, a new rating system will be implemented for foreign language instructors at vocational schools and skills centers. The top 50 instructors whose students achieve at least a B1 level (or equivalent) in English, Korean, German, or Japanese will receive a 50 million UZS subsidy from the fund.

The decree also moves select vocational training institutions under the Migration Agency's administration, retaining their current funding structure. These institutions will establish specialized centers focused on preparing citizens, especially youth, for employment in foreign countries, with targeted language and vocational training.

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