We offer legal and accounting support for companies and representative offices.
Our experts will ensure quick and error-free execution of all necessary statutory documents in accordance with the profile of your business.
Basic Services
-
LLC Registration
300$
+ $20 per additional founder (natural person);
+ $150 per additional founder (legal entity);
+ $300 for remote registration. -
Registration of Permanent Establishment (PE) or Foreign Enterprise (FE) LLC
600$
+ $20 per additional founder (natural person);
+ $150 per additional founder (legal entity);
+ $300 for remote registration. -
Accreditation of Representative Office
1000$
-
Re-registration of a Legal Entity
400 $ for change of address;
600 $ for purchase and sale of an individual's interest;
1000 $ in other cases.
-
Registration of Personal Identification Number of Physical Entity (PINPE)
150$
+ $50 for remote registration.
-
Registration of Personal Identification Number of Physical Entity (PINPE) (to the founder/director)
300$
Additional Services
-
Temporary Director for a Month
300$
-
Support in Opening Bank Accounts
200$
-
Labor Permit
200$
900$ State fee
-
Postal Address with Cadastral Number
65$
-
Legal Address Support
150$
+ $150 if inspector assistance is needed for obtaining a VAT code
-
Registration in the IT Park
300$
-
Notarized Translation of Document
50$
Taking into account the global situation, many entrepreneurs are looking for options to transfer their business to other markets. A large number of companies are interested in transferring their employees to Uzbekistan. This is due to the fact that Europe is closed to Russian business. About 40 million people live on the territory of Uzbekistan, the range of services and products on the market is not very extensive and varied, and the level of competition is minimal.
Forms of ownership and differences between them
There are several forms of ownership in Uzbekistan:
- Individual entrepreneur. This is an individual who can carry out entrepreneurial activities without obtaining the status of a legal entity. The basis in this case is the property, which must be registered on the right of ownership.
- LLC. The founder can be one or more persons. The authorized fund must be officially divided into shares. They are determined by the constituent documents. Participants in a limited liability company will not bear the risks of losses that may arise as a result of the company’s activities within the limits of the shares contributed.
- FE LLC. The founders may include foreign individuals or legal entities. Important requirement: the authorized fund cannot be less than 400 million soums.
The choice of organizational and legal form when registering a business in Uzbekistan depends on the size of the authorized fund, the number of founders and scale.
Taxation system in Uzbekistan
The tax policy in Uzbekistan provides for the following rates:
- Sales tax. It is applicable to legal entities and individual entrepreneurs. The calculation is made on the basis of total income for a certain tax period.
- Generally established VAT tax of 12%. According to the law, value added tax payers are companies that are engaged in import or whose sales volume exceeds 1 billion soums per year.
- Income tax of 15%. This is a single rate that applies to representatives of certain industries.
You can get detailed advice from a specialist of our company. S/he will help you choose the optimal taxation option for your company.
List of documents required to open an LLC
If, during the registration of an LLC, the participant is an individual, it is necessary to prepare the following package of documents:
- scanned copies of the passport of each founder;
- colour photograph in electronic form on a white background in 3x4 format;
- a power of attorney, which is drawn up by the founder and authorizes an employee of our company to carry out all registration issues for obtaining an individual personal identification number (IPIN) (it is required to the original, which is notarized);
It is also possible to register an LLC when a legal entity is a participant. In this case, the following documentation will be required:
- Extract from the trade register for the legal entity or another document confirming the activities of the legal entity (the extract shall contain: the full name of the legal entity, location, data of the person authorized to sign on behalf of this legal entity.
- A power of attorney issued for our employee (to represent the interests of the legal entity in Uzbekistan), notarized and provided with an apostille (if the notary is not from the CIS).
- A copy of the registration certificate.
- A copy of the charter of the company.
- A copy of the articles of association (to be submitted if this document is available).
Information required for the new company:
- name of the future company;
- kind of activity;
- tax regime;
- e-mail;
- phone number (Uzb.)
- postal address with the cadastral number of the property;
- amount of the authorized fund;
- scanned copy of the director’s passport.
The document preparation stage is the most important. Specialists of our company will help you create a complete package of documents.
CURRENCY REGULATION
In Uzbekistan, banks require registration of each contract. It is impossible to make or accept payments without this important step. Today, re-export transactions are not carried out by banking institutions. All closing documents, in accordance with currency regulation, shall be registered in the bank’s system.
Questions regarding business registration asked by clients
Is it necessary to attend Uzbekistan in person to register a legal entity?
Not necessary. You can register a company through an official power of attorney, which will be notarized.
What are the restrictions for registering an LLC for citizens from Russia and Belarus on the territory of the Republic of Uzbekistan?
There are no restrictions for residents of Russia and Belarus.
How long does it take to open a bank account?
It usually takes 1-2 days to open a bank account.
Is personal attendance required when opening a bank account?
Only the director of the company will be able to apply for and open a bank account, so personal attendance is required.
What is the procedure for IPIN registration?
To have your IPIN registered, you must submit an application and pay a state fee.
How long does it take to register a company?
If all the documents are available, the company registration period takes on average 2 to 3 days.
Who needs to obtain a work permit in Uzbekistan and how long does it take?
A license (permit) for foreign specialists to work must be obtained if the work is performed on the territory of Uzbekistan under an employment contract with the employer. As a rule, it takes 1 month to obtain a work permit.
Is it possible to carry out activities without an office? Are there any alternatives?
Yes, it is possible. Entrepreneurs have the opportunity to enter into an official agreement with a coworking center to obtain a legal address. The average rental cost is about 1,500,000 soums per month.
Why is it required to have a legal address?
A legal address is required to obtain a VAT payer code. According to legal requirements, the minimum area of the premises must be at least 18 m2. To obtain a VAT payer code, it is necessary to fill out an application, after which a representative of the tax service should inspect the rented premises and make sure that the company really exists.
If you plan to rent, you must ask the owner for an official letter of guarantee for the use of the address. The use of a “postal address” is prohibited in Uzbekistan. The location of the company can only be an actual address.