As a person who was born and lived in Uzbekistan for 22 years, and since then lived in four other countries, and eventually became big fan of nomad capitalist, I'm pleasantly surprised to hear about Uzbekistan on this channel!
I recently spent several weeks in Uzbekistan. I was deeply impressed by the country! It’s incredibly clean and orderly. Infrastructure seems very good. They have an amazing high-speed cross-country train, the Afrosiyob. Beats the hell out of Amtrak. The capital Tashkent is beautifully laid-out with broad boulevards and leafy residential neighborhoods. It’s a little on the boring side but it has excellent “bones” and just needs a few coffee shops, restaurants etc. and it would be such a great city. I was wandering around in Samarkand, stunned by the cleanliness and beautiful landscaping, and I was wondering why this supposed “third-world country” was so much more pleasant than where I live in Southern California… 🤔
And then when all of California moves there and destroys it …. That is the problem with all the good places . Not you my friend , I mean the policies of Cali .
You don't own the land in Uzbekistan,you can lease it for 49 years - doesn't matter if you are local or foreign. Lease of the land and related formalities are nightmarish beyond imagination
The problem with this is that it only lasts 5 to 10 years at the most, before political opposition, corrupt or not, takes power and starts to unravel everything that the incumbents had done to ''liberalize'' the county economically to make it attractive. Take Georgia for example: Sakashvilli was not strong enough to make the policies he implemented be sustainable for the long term. This is why Singapore, for example, has quite an authoritarian party in power, because it was the only way for them to make Singapore into what it is today. Had they not been able to hold onto power, other political factions would have started attacking their policies and interference from outside would have ruined everything. Singapore is quite exceptional. Dubai is another example of a strong enough regime which can implement its policies without opposition. A country like Uzbekistan may not have the political will to make this sustainable.
@@NateB El Salvador, yes. Already have too many liberal politicians in this country trying to undo all the cleanup that Bukele did by incarcerating all the gang members to make his country livable to the residents.
I spent 2 months in Georgia, 1 month in Kazakhstan, 3 months in Kyrgyzstan, and one month in Ukraine in 2018. I like Georgia but developed a fondness for Kyrgyzstan. Wanted to go to Uzbekistan but it required some hoops to jump through and I was running out of time. If it's much easier to get in now I may go back. But there's something to be concerned about. While in Osh, Kyrgyzstan there was a group of Muslim extremists who murdered a group of international cyclists in next door Tajikistan. I found most of the people in the country to be wonderful but if you're going to live in or visit the region be mindful that there are people in the region who aren't thrilled to see non Muslim Westerners. But most are very welcoming and very pro American in my experience.
@@pinetworkminer8377Kazakhstan is already quite rich with GDP par capita about 14,000 they got large oil reserves.Uzbekistan is growing fast but still poor with Only 3200 GDP par capita
Central Asia is a very underestimated region in my opinion. It has a huge growth potential, but a lot of people don’t take it serious. It has a good human capital, people are awesome, kind hearted, hardworking, educated, there is almost zero crime level. I used to live there a little bit and I personally love Uzbekistan and its nice people. I wish the best future and prosperity for them. Unfortunately there are naturally some problems there, still quite a lot to be honest. It probably wasn’t a great idea to make business there in the 1990-s and 2000-s, just read the stories about foreign companies who set up their business, huge manufacturings, and then got everything taken away from them anf thrown away from the country in 24h. But a lot of things had changed since. It is clearly seen that they want to change, they move to change. Now it is a quickly developing country and it is great. They are very good people and I hope they will make their way to success
I spend about 6 months each year in Tashkent overseeing my firm's investments in Uzbekistan. Love that country and what it's doing and the people and the food are the absolute best
Uzbekistan you stumped me,I got to go to a map to find that one? We went to Andorra on your recommendation loved it now we will check on Uzbekistan lol
Places like Uzbekistan are great for me - as someone who speaks Russian. They have their own language but still the Russiasphere influence applies, both language-wise and culturally.
I have remote employees out of Uzbekistan, and occasionally I’m considering to moving back there or setting up a second residence in Tashkent. Though some of the changes in sociopolitical conditions raise caution (some push to more religious society), the economic situation has improved dramatically and it’s definitely a great place to be. Also, corruption being accessible to all levels of society, helps to even the playfield and overcome their bureaucratic obstacles.
I was born in Tashkent, Uzbekistan and for a while it was not the best place to invest due to geopolitical factors. However, today it seems like UZ is trying to become the Switzerland of Central Asia.
Born in UZB but raised mainly in US. Making my way back to Central Asia , looking to establish myself in UZB and KAZ. Countries are safe there is a whole lot of activity for kids and development. I see some negative comments that are generalizing the economic climate of the country. It all comes down to the idividual. What your personal needs are....i've spent 4-5 months in UZB in KAZ and just flew into US again, and oh my what a difference. Going back to Central Asia shortly :)
Andrew, I am following you for a few months now, I joined the waiting list to participate in Nomad Capitalist Live 2024 a week ago and I would never expect you making a video about my country of origin. I am from Uzbekistan. Yes, the new government is doing a lot to bring investments to the country and build a global brand, but they make a lot of mistakes along the way. There a lot of good things about where the country is headed and also a lot of bad decisions being made. Let's see where it goes.
@@NateB personally, I am skeptical of that. The biggest problem being a corruption and 19th century mentality of most people (including those in local business and government). That’s the reason I left. But I am keeping an eye on what’s happening there, hopefully I am wrong and Uzbekistan will truly becomes the next big thing…
I have been looking forward to your insight about Uzbekistan. Being Uzbekistani, I would welcome you in Tashkent and help you get some networking here.
One good speaker for your Nomad Capitalist Live event would be the current Argentina's president Javier Milei. He is an economist and now healing a country that went almost bankrupt Love your videos!!!
Looking into Argentina but cautious because of regulations and taxes. Keeping my eye on it and hoping for good changes. I hesitant about Uzbekistan because of politics, but also interesting on changes coming
GO WHERE YOU ARE TREATED BEST For me , it's like a proverb, that should have been in the bible For me, it's implies that your life is your responsibility, and that there are pastures outside that you have to go to , to get the nourishment you need out of life. It also implies detachment, from concepts drummed into your psyche which really don't serve you we hold onto believe and narratives that simply are sh...t The word Go, is an action word and sometimes in life to get any WHERE, you need to leave your luggage which is really your baggage and garbage behind it implies Choice, it's a big world, you can choose to be small if you wish it implies value, there are places where you can bring value to and be rewarded for it I could go on and on, I just love that sentence 0ver the years I found many useful channels on YT Very few matches Nomad Capitalist
Thanks, I know several very succesful entrepreneurs who are investing in Uzbekistan. Now is the right time to invest when the country is still under the radar.
I was in Uzbekistan a couple of years ago helping to set up a private English speaking university. There are so many great opportunities to invest although corruption is still a serious concern.
I love these interesting new diversification videos!! I would LOVE to see a podcast of you and Whitney Webb covering the "doomsday" topics like WEF and how it influences your clients. Thank you NC
Thank you! We have recently talked about How to Avoid Doomsday, you can see the video here: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-rRpEXj_K8yo.html
Andrew, you've done great videos about Central Asia, this is a very good one about Uzbekistan. Can you do one about South Asia, specifically India? Your perspective would be great: strong economy, English speaking country, seems like a good plan B country.
For investors I recommend KDB Bank Uzbekistan. This bank operates from 1997 and main shareholder is Korean Development Bank. Staff can speak English and it is located in the city center. Tashkent 32, Oybek street.
Uzbekistan is becoming more attractive because Uzbekistan is getting involved in international trade and Uzbekistan produce a lot there which means things will be cheaper and great for starting your own business.
What do you think about Afghanistan? The country can't get any worse than it already is, so the trajectory can only go up 📈📈. Regardless of what we think of the Taliban, the country is stable, secure & peaceful. First time in decades. With their reforms, is it a country to watch in the next 20 years?
Andrew, do you or the investors you know have any concerns about Uzbekistan being potentially one of the gateways used by Russia to bypass its sanctions? If conclusive evidence comes up that support that fact, Uzbekistan may potentially face sanctions as well, which would be very damaging for all investors.
Long as you don't overinvest in Uz, seems like either a moot point or a basic risk of this type of frontier market investing. That risk will always exist in the imaginary future. Equal risk is the usa collapses and BRICs becomes world currency. Devils advocate.
The whole world does business with Russia except for the West. This is why the sanctions are not working. I don't see how the West can sanction the rest of the world
Why? Ineffective government and judicial system Very corrupt Immigration is a cash cow for government not just to comply with law High taxes Corporate 25% Income 32% Foreigners can't own land Dirty stinky loud lots of beggars including children abject poverty Expensive food Potatoes onions etc 7 times higher than where I live Gasoline high and electricity is 8 times higher than where I live Cooking gas is 6 times higher TB endemic 60 people a day from it Many Mangy dogs some with rabies 15 million Filipinos live abroad and Millions more trying to escape There is a reason for it !
Uzbekistan is one of the last Frontier markets. Stocks are incredibly cheap with excellent growth potential. The best way to invest there is with the AFC Uzbekistan Fund. I have been invested in this fund since inception.
Don't forget to ask Carlsberg how is it doing business in Uzbekistan. Or Oxus Gold. (Hint: their businesses and property were expropriated as a whole) I loved the people and nature of the country, but my finances are not going anywhere close to that region. I'd rather donate it to charity.
Do you happen to have any videos on where to invest if you leave the USA? I am planning my exit to someplace in SE Asia probably. I leave though, I would then need to close my accounts, any accounts - like, stocks, mutual funds? I am from the EU but living in your former state of AZ and I have a green card. At this point, this country is far gone. At 40, I notice stuff is stacked so I can barely survive - the way out is to relocate and freelance online. The only way to get ahead in the USA is by living with 10 other people and working 3 jobs. I don't even have a family here and I don't want to force myself into a relationship to simply not live in my car. Also, if I see where it's going and if I know I want to leave, why look for anyone? Also, American men are really overworked, they still believe in dumb S like the "American Dream" and are on so many medications due to stress and unhealthy food, that they are dependent on the medical system as early as 40. I need to get the F out but I am not a 7-8-digit millionaire. YET. Just working on basic cash flow. If/when I leave, I will cut 100% of all ties. If I live in Malaysia, for example, I need to see what options they have for stuff like retirement accounts, if I am not going to be eliminating all US accounts.
There's a knockoff website that looks very similar but is woefully inefficient. I've run into the same issue with Qatar, Kazakhstan, Turkiye, and Azerbaijan
Uzbekistan is one of the biggest earners of Russia-Ukraine war, people capital and geographical location wise. Many talented young Russian people who were disagree with their country aggressive invasion, as well as they were afraid of the military mobilization, escaped to Uzbekistan (mostly Tashkent). According to the statistics, 318000 Russian citizens have fled to the country and this is only in 2022. They transferred there their businesses, “brought” their brains (lots of young tech professionals), and the country accepted them with open arms. This is one of the reasons Uzbekistan is thriving these days. No one knows how long this will last. They have their own problems (as people have already mentioned below), and those problems didn’t go away, they are still there. When the war is over, many things could change. Will see.
Uzbekistan has been on my list to move. I’m from US & it’s attractive to me to live there with my American dollars for a good standard of life, it’s a Muslim country, & almost no westerners there. I want to be where the people aren’t 😊
@@houstonwehaveaproblem4187 Well most of the poorest countries in the world have access to the sea. All I am saying is that it is not a critical factor like it was 1000 or more years ago....
On the contrary, I'd rather be close to a well run, low crime, successful economy country than the West which is falling apart culturally, socially and on every other measaure
Thousands of Russians opposed to its war and invasion of Ukraine have fled to Uzbekistan, so Russian influence is there but they are Russians with a strong moral compass.
@@petrsal6856 Sure. Riiiight. That's why Russia is supported only by the "good" guys. The "freedom loving and democratic" countries of Iran and North Korea. You can judge a person by his bedfellows. Russians are cowards. They've allowed one man to take the largest country in the world and turn it into a cesspool of corruption, intimidation and fear because Russia's men don't have the balls to join even the 19th century, let alone the 21st. Russia: the only white people in the entire world who have never experienced democracy because they don't have the will power or nerve to rule themselves.
"The Uzbek language is not known either by the occupiers or by idiots," as one UZ politician said. Anyway, you are white boss, you can do whatever you want.
@@bretth342 Ignore them buddy, just another typical open-minded yank who probably hasn't left their home state. Good on you for not being one of them (anymore). Greetings from UK
Is it going to be that close to the Maine area where the end of the world will start but don't take my word for it what the hell you know what the hell do i know
