1 / 14

New challenges in growing time. Perspectives of leasing i n Uzbekistan

New challenges in growing time. Perspectives of leasing i n Uzbekistan. by Mr. Zafar Mustafaev, . CEO of Uzbek Leasing International. General Director of Association of Uzbekistan Lessors. Progress of leasing in Uzbekistan.

edana
Télécharger la présentation

New challenges in growing time. Perspectives of leasing i n Uzbekistan

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. New challenges in growing time.Perspectives ofleasing in Uzbekistan by Mr. Zafar Mustafaev, CEO of Uzbek Leasing International General Director of Association of Uzbekistan Lessors

  2. Progress of leasing in Uzbekistan • 1993 – National airline of Uzbekistan purchased via leasing 10 airplanes (Boeing, Airbus, RJ) • 1995 – establishment of the first leasing company “Uzbek Leasing International A.O.” • 1999 – adoption of the Law “On Leasing” • 2001 – creation of the Working Group with participation of IFC’s Leasing Project for improvement of leasing legislation in Uzbekistan • 2002 – The Presidential Decree on measures for further stimulus of development of leasing • 2003 – amendments to the Economic Procedural Law of Uzbekistan on the issue of the leased asset repossession • 2004 – resolution by the Cabinet of Ministers of the Republic of Uzbekistan on accelerated depreciation during the leasing • 2005 – established the Association of Uzbekistan Lessors • 2006 – The Presidential Decree on developingof services industry www.leasing.uz

  3. Why Leasing • Technological equipment imported for leasingis exempt from VAT and customs duties • Object of leasing are exempt from the property tax • Lease payments released of VAT • Taxable income of the Lessee is reduced for the amount of interest on lease. Lessee deducts all the interest amount (lessor’s income) regardless of the leasing period • Opportunity of use of accelerated depreciation • Leasing services exempted from profit tax untilApril 01, 2009 www.leasing.uz

  4. What we have today? Volume of internal leasing inmillion USD www.leasing.uz

  5. agricultural machinery printing 32% 5% computer & office equipment construction 1% 9% manufacturing medical equipment equipment light industry 1% 27% 8% real estate 13% food production 4% passenger vehicles 10% other 0.3% trucks 3% other 14% Which sector is more important for the Lessees ? Types of equipment, given on lease basis (all lessors, excluding Uzselhozmashleasing ) www.leasing.uz

  6. Who are the players on Uzbekistan leasing market • Lease Companies • Asia – Europe Trust Company • Association of Business Women of • Karakalpakstan • Asaka-Trans Leasing • Baraka Leasing • Business Leasing • Express Leasing • Kurilish Leasing • Poytaht Leasing • Uzbek Leasing International AO • Uzagrocaseleasing • Uzselhozmashleasing • Uzavialeasing • Uzavtosanoatleasing • Zamin Invest • Banks • Aloka Bank • Asaka Bank • Capital Bank • Galla Bank • Ipak Yuli Bank • Ipoteka Bank • NBU • Pahta Bank • Ravnak Bank • Savdogar Bank • Microcredit Bank • Turon Bank • Uzpromstroybank • UzKDBank • Khalk Bank • Khamkor Bank www.leasing.uz

  7. Uzbekistan Lessor’s Association • Uzbekistan Lessor’s Association was established in 2005 • Mission - to create conditions for development of leasing services in the • Republic of Uzbekistan for effective realization of economic reforms • implemented in Uzbekistan. • There are 19 members in Association: • Asaka-Trans Leasing Asia – Europe Trust Company • Baraka Leasing Asaka Bank • Business Leasing Capital Bank • Express Leasing Ipak Yuli Bank • Kurilish Leasing Ipoteka Bank • Poytaht Leasing Pahta Bank • Uzbek Leasing International AO Microcredit Bank • Uzselhozmashleasing Hamkor Bank • Uzavialeasing Zamin Invest • Uzavtosanoatleasing www.leasing.uz

  8. First Leasing Company • Operations on the leasing market since 1996 • Paid-up capital USD 6 million • Solid shareholders: • 15 % 35 % • 15 % 35 % • Over 140 projects has financed and total amount of USD 25 million • Internal funds, credit lines from NBU, IFC, EBRD, CDB and export • credit agency www.uzbek-leasing.com

  9. Portfolio Structure – Industry Sectors www.uzbek-leasing.com

  10. Portfolio Structure – Project Size in % from number of projects www.uzbek-leasing.com

  11. Portfolio Structure – Supplier Countries www.uzbek-leasing.com

  12. What equipment is most wanted in Uzbekistan? • Compact and mini-technological equipments for small and private entrepreneurship • Car leasing • Cotton spinning and textile industry • Processing of agricultural products • Construction equipment • Special vehicles, trucks and buses • Telecommunication www.leasing.uz

  13. Why Leasing in Uzbekistan? • One of the best legislative bases on leasing in the world: • Simplified system for registration and taxation of leasing companies • Leasing activity is not licensed • Availability of tax allowances and preferences • Big demand for leasing services • Leasing is high profitable financial facility

  14. Our address: Tashkent city, 100003 Republic of Uzbekistan 4th Floor, International Banking & Finance Center 1, Turab Tula Street Tel.: (+998 71) 114 6446 (+998 71) 114 6444 (+998 71) 139 16 54 (+998 71) 132 6294 Fax.: (+998 71) 120 6729 E-mail: uzlease@sarkor.uz www.uzbek-leasing.com

More Related