Foreign investment in banking activities is subject to reciprocity requirement
"Article 7. Licensing of banking activities
1. Banking in the Republic of Tajikistan is carried out on the basis of a banking license (hereinafter - the license).
5. A branch of a foreign bank is allowed to start banking activities only in cases where its parent bank is under consolidated banking supervision and regulation by the relevant authority of the country in which the bank is located.
7. The National Bank of Tajikistan may establish restrictions on subsidiary banks and branches of foreign banks for carrying out banking activities, if the corresponding foreign states provide for similar restrictions in relation to subsidiary banks and branches of domestic banks. [...]" (Law of the Republic of Tajikistan dated May 19, 2009 No. 524 "On Banking"" [google translated])
Law of the Republic of Tajikistan dated May 19, 2009 No. 524 "On Banking" [google translated]
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