At the heart of Central Asia lies Uzbekistan, a nation steeped in rich history and culture, now emerging as a dynamic hub for business opportunities. Its strategic location, coupled with its stable economy and investor-friendly policies, has attracted entrepreneurs and established companies alike, seeking to leverage Uzbekistan's promising business landscape. Venturing into the realm of company formation in Uzbekistan unveils a straightforward and efficient process, guided by a transparent regulatory framework and a commitment to facilitating business growth. Its global connections and diverse talent pool present a multitude of opportunities for collaboration and innovation.
Manimama ensures a seamless company registration process in Uzbekistan. Trust us to provide expert guidance and support, so your business can thrive from day one in Uzbekistan. Start your journey with confidence, knowing you have the best team by your side.
Legal Opinion about Uzbekistan as a Jurisdiction for Company Formation
Ganna Voievodina
Manimama, CEO
"Uzbekistan offers a compelling jurisdiction for company formation, particularly for those seeking a stable political environment, a well-established legal system, and a business-friendly tax regime. However, it is essential to carefully consider the unique legal framework and regulatory environment of Uzbekistan before making a decision. Consulting with experienced legal and tax professionals is highly recommended to ensure that Uzbekistan aligns with your specific business needs and risk tolerance".
Our Packages
Our comprehensive packages simplify the process of setting up the perfect legal entity for your business whether you are a small start-up, a non-profit company, or an international company. Let us guide you through every step, ensuring your business begins on a solid foundation.
Documents
- Apostille corporate documents (Certificate of incorporation and Articles of Association)
- Document delivery
Key Numbers about Uzbekistan as a Jurisdiction for Company Formation
3 weeksaverage term of company formation |
аt least 1shareholder in the company |
аt least 1director in the company |
15%corporate income tax (CIT) rate |
12%personal income tax (PIT) rate |
12%value-added tax (VAT) rate |
Set up Your Company in Uzbekistan in Several Steps
Step 1. Initial setup
- Initiating a preliminary project assessment
- Preparation and filing of the package of documents
Step 2. Company registration
- Choosing a company name
- Preparation of the required documents of incorporation (Constituent Agreement and Charter of the company)
- Company registration online or through any government service center
- Obtaining a company seal
- Opening a corporate bank account (when opening a bank account, the bank may require the physical presence of the director)
- Registration for tax purposes
- Obtaining licenses and permits (if applicable)
Requirements for Company Formation in Uzbekistan
Before deciding to set up a new company in Uzbekistan, read the information below to understand the characteristics of a Limited Liability Company (LLC):
Shareholders: minimum of 1 shareholder (individuals and legal entities).
Director: minimum of 1 director (local).
Minimum Share Capital: there is no minimum or maximum amount of authorized capital for a company.
Legal Address: each company must have a legal address in Uzbekistan for communication and receipt of notices.
Liability: shareholders’ liabilities are limited to their contributions to the share capital.
Accounting: maintaining annual reports and annual accounting balances.
Taxes in Uzbekistan
The standard CIT rate is 15%.
Personal income tax (PIT)The PIT rate charged on Uzbek-sourced income is 12%
Value-added tax (VAT)The VAT rate for taxable turnover is 12%. This rate also applies to taxable imports, for which the tax base is determined as the customs value plus import duties and excise tax.
Export of goods is generally 0%. Insurance and most types of financial services are exempt from VAT.
Double taxation avoidance agreements in Uzbekistan: Austria, United Kingdom, Bahrain, Hungary, United Arab Emirates, Vietnam, Belarus, Germany, Bulgaria, Greece, Belgium, Georgia, Indonesia, Canada, Jordan, South Korea, Ireland, Latvia, Spain, Lithuania, Israel, Luxembourg, Italy, Malaysia, Moldova, Romania, Netherlands, Saudi Arabia, Azerbaijan, Singapore, Pakistan, Slovakia, Poland, Slovenia, Russia, Thailand, Turkey, Czech Republic, Turkmenistan, Switzerland, Ukraine, Iran, Finland, Estonia, France, Oman, China, Kyrgyzstan, Kazakhstan, India, Kuwait, Japan.
Start Your Company Formation Process with Manimama
There are numerous reasons why Manimama is the leading company formation agent in Uzbekistan:
Expertise in Regulations of Uzbekistan
- 1. Manimama has an in-depth understanding of the legal and regulatory framework of Uzbekistan.
- 2. Our team ensures all legal requirements are meticulously met for a seamless company formation process.
Local and International Experience
- 1. With extensive experience in both local and international markets, Manimama can cater to a diverse range of business needs.
- 2. Our expertise spans various industries, providing customized solutions for each client.
Efficient and Timely Service
- 1. We pride ourselves on our swift turnaround times, ensuring your company is registered promptly.
- 2. Our efficient processes minimize delays and get your business up and running quickly.
Client-Centric Approach
- 1. Manimama prioritizes customer satisfaction by offering personalized support and guidance.
- 2. Our dedicated team is always available to address any concerns and provide expert advice.
Robust Network of Local Partners
- 1. We have established strong relationships with local authorities, banks, and service providers.
- 2. This network ensures that your business receives the best possible support and resources.
Ongoing Compliance Support
- 1. We provide continuous support to ensure your business remains compliant with the laws of Uzbekistan.
- 2. Our team keeps you updated on any regulatory changes that may impact your company.
Frequently Asked Questions
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Why should I consider forming a company in Uzbekistan?Uzbekistan presents a compelling destination for company formation, offering a multitude of benefits, including a stable political environment, well-established legal system, business-friendly tax regime, strategic location, and growing economy.
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What types of companies are the most popular in Uzbekistan?The most popular type of companies in Uzbekistan is Limited Liability Company (LLC).
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Is a local registered office address required?A physical address in Uzbekistan is required for company registration.
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How long does it take to form a company in Uzbekistan?The company formation process in Uzbekistan is generally efficient, with a standard timeline of 4-6 weeks for completing the registration. This can vary depending on the complexity of the business structure and the availability of government approvals.
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Do I need a local director for a company in Uzbekistan?Yes, there is a requirement for a local director for a company in Uzbekistan.
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How many shareholders are required for an Uzbekistan company?A minimum of one shareholder is required to form a company in Uzbekistan.
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What are the tax implications of forming a company in Uzbekistan?Uzbekistan offers a territorial basis of taxation, meaning it only taxes profits derived from Uzbekistan sources. The corporate tax rate is currently set at 15%. Double tax treaties are in place with several countries to avoid double taxation on income earned in both jurisdictions.
Client Feedbacks
"Great experience working with the team at Manimama OU! Thanks to their assistance, we were able to avoid legal difficulties and achieve success in our affairs".
"Collaborating with Manimama OU proved to be highly professional and efficient. The firm's lawyers promptly addressed all the issues we brought forward and provided comprehensive consultations".
"Manimama OU is a reliable partner in legal matters. Through our joint efforts, our problems were successfully resolved".
Manimama as the Best Solution for Your Company Formation in Uzbekistan
By choosing our company formation service in Uzbekistan, you are partnering with a law firm that values integrity, expertise, and client satisfaction. Let us help you set up your company in Uzbekistan and pave the way for your business success.
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