Types of Companies in Uzbekistan

Are you interested inthe types of companies in Uzbekistan? This article is for you! Please review the following lines for the information you need, and note that our Uzbek agents are at your disposal to assist with all registration procedures.

Quick Facts
Main company/entity types in Uzbekistan	– limited liability company, – joint stock company, – foreign enterprise (FE LLC), – sole proprietorship, – branch, – subsidiary, – liaison office, etc.
Do I need a local partner to set up a company in Uzbekistan?	No. 100% foreign ownership is permitted.
What is the most popular entity in Uzbekistan?	The limited liability company (LLC or MChJ)
Minimum share capital for an LLC	Not imposed
Minimum share capital for a JSC	Not required
Minimum share capital for a FE LLC	UZS 400 million
General requirements to open a company in Uzbekistan	– drafting company documents, – registering for taxation, – opening a bank account, – registering for social security, – obtaining a company stamp, etc.
Is a shelf company an option for foreign investors in Uzbekistan?	Yes, these are ready-made or vintage companies in Uzbekistan.
Is assistance offered for opening a branch or a subsidiary in Uzbekistan?	Yes, from our Uzbek agents who can deal with all the formalities.
Are joint ventures business options in Uzbekistan?	Yes. Foreigners can set up a Joint Venture Limited Liability Company or a Joint Venture Joint-Stock Company
How can I open a sole trader in Uzbekistan?	This is known as the Individual Entrepreneur (IE). The incorporation involves compulsory local identification and obtaining an Electronic Digital Signature key, among others.
Company registration is done at:	State Registration of Business Entities
We provide virtual office packages in Uzbekistan	To remotely control the business
Time frame to open a company in Uzbekistan	A few days
Additional company services we offer in Uzbekistan	– accounting, – tax registration, – trademark registration, etc.

What are the main types of companies available in Uzbekistan?

Limited liability company,
Joint stock company,
Private enterprise,
Sole trader or Individual Entrepreneur,
Foreign enterprise or FE LLC,
Family enterprise,
Branch,
Subsidiary,
Liaison office, etc.

Do I need a local partner to start a business in Uzbekistan?

No.

What is the most popular business structure in Uzbekistan?

The limited liability company – LLC or MChJ.

Here is an infographic with information on the types of companies in Uzbekistan:

Who can set up limited liability companies, and what is the minimum share capital?

Any businessperson or entity can register an LLC in Uzbekistan. There is no minimum share capital imposed for opening an LLC in Uzbekistan.

Where is company registration done in Uzbekistan?

At the State Registration of Business Entities, known as the Trade Register in Uzbekistan.

Who can start JSCs in Uzbekistan?

Joint stock companies in Uzbekistan are typically a viable option for owners of foreign enterprises. There is no minimum share capital imposed, but the JSC owners can set up the amount in the company’s charter.

Who can choose the Individual Entrepreneur business form in Uzbekistan?

Entrepreneurs who want to act on their own, for instance, freelancers, small traders, consultants, etc.

Is a Family Enterprise a good business option in Uzbekistan?

Yes, those who choose to set up a Family Enterprise enjoy family management and ownership of the business.

How can I open a branch or a subsidiary in Uzbekistan?

You may read about these business options in Uzbekistan here and here.

What are the conditions to set up a liaison/representative office in Uzbekistan?

You may read here on this topic.

Are joint ventures available in Uzbekistan?

Sure. A joint venture is an optimal business structure for entrepreneurs (local and foreign) looking for flexible management, combining resources & experience while sharing profits and ownership.

Are virtual offices available in Uzbekistan? Why should I choose one?

Yes, we can also provide virtual office packages for entrepreneurs who want to do business remotely. A virtual office is at a fraction of the cost of a traditional one in Uzbekistan.

Is there a minimum share capital for a Foreign Enterprise in Uzbekistan?

Yes, UZS 400 million.

Are there any business precautions in Uzbekistan?

Foreign entrepreneurs should pay attention to currency convertibility and international transfers. Moreover, it is recommended to exercise due diligence when forming a joint venture and to properly draft the shareholder agreements for LLCs.

What is the taxation of companies in Uzbekistan?

15% CIT for most companies,
20% CIT for commercial banks, mobile operators, cement and polyethylene granule producers, and markets/shopping malls.
12% VAT,
5% dividend tax, etc.

NOTE! There is also the Simplified Turnover Tax for small businesses in Uzbekistan if the annual revenue does not exceed 12,000 BCA (about UZS 5 billion).

What is the time frame to open a company in Uzbekistan?

It takes about 5 days to register a company. However, the entire process takes about 3 weeks and includes the business license application, employee registration, and setting up payroll systems.

Would you like more info about the existing types of companies in Uzbekistan? Please get in touch with our company formation agents in Uzbekistan, and get your answers today. We provide a free case evaluation first.