How to Register a Company in Uzbekistan
Registering a company in Uzbekistan is a systematic process that entails selecting a company type, choosing a name, preparing documentation, and registering with the Agency for State Services and the State Tax Committee. By adhering to this guide and making use of the provided resources, you're well-equipped to successfully establish your business in Uzbekistan. Make sure you follow the requirements and guidelines to ensure a seamless registration process and a successful beginning for your company in this dynamic and promising market.
Step 1: Choose your company type
The first step in registering a company in Uzbekistan is to decide on the type of company you wish to register. The most common types are:
- Limited Liability Company (LLC)
- Joint-Stock Company (JSC)
- Subsidiary or a representative office of a foreign company
Step 2: Choose a company name
Prior to registering your company, you'll need to select a suitable name. The Agency for State Services (AGSS) has guidelines for acceptable names, which can be found at this link: http://my.gov.uz
Step 3: Prepare the required documents
Following that, prepare the necessary documentation for your chosen company type. The key documents are:
- Articles of Association (for LLC and JSC)
- Application for Company Registration (for all types)
- These forms can be downloaded from the AGSS's website: http://my.gov.uz
Step 4: Identify company officers and shareholders
You will need to identify at least one director (for LLC and JSC) or one representative (for Subsidiary or a representative office of a foreign company). Directors or representatives must be at least 18 years old. Shareholders can be individuals or corporate entities.
Step 5: Capital requirements
Uzbekistan requires a minimum capital of 1,000 times the minimum monthly wage for LLCs, and no less than 400,000 times the minimum monthly wage for JSCs. There is no minimum capital requirement for subsidiaries or representative offices of foreign companies.
Step 6: Register your company
Once your documents are ready, you can submit your application to the Agency for State Services (AGSS). This can be done in person at their office or online via the following link: http://my.gov.uz
The fees for registering a company are as follows:
- LLC: Approximately 2% of the charter capital (but not less than five times the minimum monthly wage)
- JSC: Approximately 0.2% of the charter capital
- Subsidiary or a representative office of a foreign company: 10 times the minimum monthly wage
Step 7: Register for taxes
After your company is registered, you must register for taxes with the State Tax Committee of the Republic of Uzbekistan. This can be done in person at the local office or online via the following link: https://www.sti.uz
Step 8: Obtain necessary permits and licenses
Depending on your business activities, you may need to obtain additional permits or licenses. Check with the relevant authorities and industry regulators for specific requirements.
Time-frame:
The entire registration process, from preparing documents to receiving your Certificate of Incorporation, can take anywhere from 1 to 2 weeks, depending on the complexity of your application.
