Opening a Company in Uzbekistan by Foreigners (Non-Residents)

Limited Liability Companies (LLCs) and Joint Stock Companies (JSCs) are the most popular company structures chosen by investors when conducting business activities in Uzbekistan. However, due to low filing requirements, a straightforward governance structure, and limited disclosure obligations, LLCs are generally more recommended for new entrants. That said, certain types of businesses must be established as JSCs (e.g., payment organizations, banks, etc.).

The minimum fixed charter funding requirement for a company with foreign investment is 400 million Uzbek sums (UZS) (1 USD equals approximately 12,822 UZS as of November 10, 2024). The same requirement for companies registered in the Republic of Karakalpakstan and the Khorezm region is 200 million UZS.

Minimum charter funding requirements may differ for businesses engaged in licensed activities. For example:

Activity	Minimum Requirement (in UZS)
Banking	350 billion
Microcredit organizations	2 billion
Pawnshops	500 million
Insurance	Starting from 7.5 billion
Payment systems operators	50 billion
Payment organizations	10 billion

Required documents for registration of foreign company in the form of LLC:

• Charter and, if applicable, the incorporation agreement

• Confirmation of payment of state duty

The state duty for registering a company with foreign investment is 375,000 UZS (approximately 29 USD) as of November 2024.

Applicable laws allow a representative to open a company on behalf of non-residents (individuals and companies), and our experienced lawyers are always ready to assist you in this process. Please do not hesitate to contact us not only about company registration but also any other corporate issue via info@fairlex.uz.