Uzbekistan Lures Global Crypto Mining with 10-Year Tax Holiday in New Special Zone
Uzbekistan has officially opened the door to international Crypto mining operators, providing a full 10-year tax vacation inside a newly established particular zone.
No company revenue tax, no property tax, no land tax – supervised by the National Agency for Perspective Projects (NAPP) and constructed on a compulsory renewable power framework.
President Shavkat Mirziyoyev signed the decree on April 17, 2026, efficient April 20, establishing the Besqala Mining Valley in the Republic of Karakalpakstan. This is just not a pilot program – it’s a structural repositioning of Uzbekistan as a main vacation spot for industrial-scale hash charge.
The transfer lands at a second when miners are actively looking jurisdictions that supply fiscal predictability. The query the business is now asking: does Uzbekistan have the power infrastructure to again up the motivation bundle, and which operators will transfer first?
- Tax exemption interval: 10 years – company revenue, property, and land taxes totally waived for zone residents
- Zone location: Besqala Mining Valley, Republic of Karakalpakstan – a area particularly focused for financial revival
- Energy guidelines: Renewable power, hydrogen, and grid electrical energy (at greater tariffs) all permitted – relaxed from prior solar-only mandate
- Revenue payment: Operators pay a month-to-month 1% payment on mining revenue to the zone directorate
- Banking requirement: All gross sales proceeds – home or overseas – should route via Uzbekistan’s banking system
- Timeline: Tax code amendments due inside 2 months of April 20 activation; licensing through NAPP
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What Besqala Crypto Mining Valley Actually Includes, and What NAPP Is Requiring
NAPP structured the zone with clear qualifying standards. Legal entities apply for resident standing, acquire entry to accredited energy sources, and might promote mined property domestically or overseas.
The power guidelines now accommodate renewable sources, hydrogen crops, and grid electrical energy, a deliberate rest of the 2023 solar-only mandate that restricted operator flexibility.
The 1% month-to-month payment on mining revenue is the one recurring price past normal operational bills.
All transaction proceeds, no matter the place the sale happens, should clear via Uzbekistan’s banking system, a capital oversight mechanism that balances the zone’s openness with authorities visibility into flows.
Karakalpakstan was not a random choice. The area carries high poverty charges and a restricted industrial base, a 2025 UN Development Program report flagged it particularly for financial intervention.
The zone borders Kazakhstan, and the federal government has dedicated to grid modernization focusing on 1GW capability to help operations.
Officials should finalize tax code amendments inside 2 months of the April 20 activation date, placing a tough deadline on framework formalization.
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