Transcript Лизинг в Узбекистане: новые возможности

New challenges in growing time.
Perspectives of leasing in Uzbekistan
by Mr. Zafar Mustafaev,
CEO of
Uzbek Leasing International
General Director of
Association of Uzbekistan Lessors
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 developing of services
industry
www.leasing.uz
Why Leasing
Technological equipment imported for leasing is
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 until
April 01, 2009
www.leasing.uz
What we have today?
Volume of internal leasing
in million USD
120
100
80
67.1
60
40
44.9
6.5
15.5
12.4
20
36.6
34.9
25.5
27.9
2003
2004
40.5
2002
Uzselkhozmashleasing
2005
2006
other lessors
www.leasing.uz
Which sector is more important for the
Lessees ?
Types of equipment, given on lease basis
(all lessors, excluding Uzselhozmashleasing )
agricultural machinery
32%
printing
5%
computer & office equipment
1%
medical equipment
1%
real estate
13%
passenger vehicles
10%
trucks
3%
construction
9%
manufacturing
equipment
27%
light industry
8%
food production
4%
other
0.3%
other
14%
www.leasing.uz
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
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
Baraka Leasing
Business Leasing
Express Leasing
Kurilish Leasing
Poytaht Leasing
Uzbek Leasing International AO
Uzselhozmashleasing
Uzavialeasing
Uzavtosanoatleasing
Asia – Europe Trust Company
Asaka Bank
Capital Bank
Ipak Yuli Bank
Ipoteka Bank
Pahta Bank
Microcredit Bank
Hamkor Bank
Zamin Invest
www.leasing.uz
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
Portfolio Structure – Industry Sectors
Portfolio structure based on the industrial sectors
Chem ical industry
3%
Agriculture
1%
Light
industry
16%
Poligraphy
16%
Services
14%
Construction
m aterials
8%
Food processing
36%
www.uzbek-leasing.com
Wood processing
6%
Portfolio Structure – Project Size
in % from number of projects
49%
50%
40%
31%
30%
12%
20%
10%
0%
9%
1%
from 100th
USD
www.uzbek-leasing.com
from 100th to from 300th to from 500th to more than 1
300th USD
500th USD
1mln.USD
mln.USD
Portfolio Structure – Supplier Countries
Pakistan
1%
Slovakia
1%
Germany
7%
China
3%
Belgium
3%
Syria
1%
Russia
12%
Belarussia
3%
Turkey
10%
Bolgaria
1%
Ireland
1%
Israil
2%
Hungary
1%
Uzbekistan
30%
Syngapure
1%
Sw eden
1%
www.uzbek-leasing.com
USA
7%
Austria
2%
Taiw an
3%
Italy
7%
Ukrain
1%
France
1%
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
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
Our address:
Tashkent city, 100003
Republic of Uzbekistan
4th Floor, International Banking &
Finance Center
1, Turab Tula Street
Tel.: (+998 71) 114 64 46
(+998 71) 114 64 44
(+998 71) 139 16 54
(+998 71) 132 62 94
Fax.: (+998 71) 120 67 29
E-mail: [email protected]
www.uzbek-leasing.com