Tashkent Economics College was first established in 1998 on 24 February by the 77th edict of "Cabinet of Ministers" of Republic Uzbekistan, which was about "Creating and establishing colleges and academic lyceums". It was the first step on creation of new college. In 1998 May 18 there was another edict with number 204, and again in 1998 May 27 there was the next edict number 147 of the "Cabinet of Ministers" of Uzbekistan about creation of new college. After this edict college was opened officially under the name of "Tashkent Economics Professional College". In 2003 "Cabinet of Ministers" of Uzbekistan made the edict number 473 on 29 October which said to change the name of college to "Tashkent Economics College".