Frequently Asked Questions

A wide range of services demanded by our clients makes it possible to build a career in such areas as finance and accounting, law and taxation, auditing, information technology, personnel management and others.
What is a Foreign Enterprise (FE)?

FE is a Foreign Enterprise. Individual entrepreneur is a type of company where foreign capital in the authorized capital is 100%. To create a foreign enterprise, if there are 2 or more participants, an agreement is required. It prescribes the rights and obligations of FE participants and third parties. Within the framework of the legislation, the minimum size of the authorized capital should be 400 million soums. Participants of a foreign enterprise can be foreign organizations or foreigners. The statutory fund is formed within 1 year.

What is a Joint Venture (JV)?

A JV is a Joint Venture. A joint venture is a type of company that has been created by several people or companies for the long-term extraction of profit by all participants. An agreement is required to create a joint venture. It prescribes the rights and obligations of the joint venture participants and third parties. The joint venture participants are local and foreign organizations or citizens. Within the framework of the legislation, the minimum size of the authorized capital should be 400 million soums, and the share of foreign capital should be more than 15%. The statutory fund is formed within 1 year.

What is a Joint Stock Company (JSC)?

A joint stock company can be a company or corporation, the authorized capital of which is divided by the number of shares. The owner of the shares can transfer them to any person without too much trouble through the stock market. Such a simple participation and disposal of shares is available only in JSCs.

Joint-stock company can be of 2 types:
а) public joint stock company - open type;
b) non-public joint stock company - closed type;

What is a Private Enterprise (PE)?

Private enterprise (PE):
а) In a private enterprise there can be only one founder, partnership is impossible;
b) Only the founder can act as a director of a private enterprise, you cannot hire another person to replace the director;
c)The size of the authorized fund is not limited, determined by the founder himself;d) Dividends can be distributed quarterly. Dividend tax 5%.
e) The founder is liable to third parties with all his personal property.

Who is an Individual Entrepreneur (IE)?

a) An individual entrepreneur is an individual who carries out entrepreneurial activities without the formation of a legal entity. person and registered with the tax office as an individual entrepreneur.
b) In its activities, the individual entrepreneur uses personal property that belongs to him by right of ownership. He has the right to conduct two or more types of activities, and also has the right to hire employees.
c) If the annual income exceeds the level of more than 100 million soums, the individual entrepreneur switches to paying taxes provided for legal entities. persons.

What is a Limited Liability Company (LLC)?

a) The number of founders is from 1 to 50 people;
b) A non-founder can be appointed to the place of the director;
c) There are no requirements for the minimum size of the statutory fund;
d) Dividends can be distributed quarterly. Dividend tax 5%.
e) The financial liability of the founder for the LLC's debts to third parties is limited to the contribution to the authorized capital.

What is the end result of registration of a turnkey LLC?

The end result of the Contractor's work is the transfer of the following documents to the Customer:
а) Constituent documents of the company (Articles of Association, Memorandum of Association, Protocol or Decision on the establishment of the company);
b) Certificate of registration of a legal entity;
c) Opening a bank account and approving the signature of the executive body;
d) Seal, corner and requisite (if necessary) stamps of the company;
e) Registration with the tax inspectorate and the choice of the taxation procedure;
f) Obtaining an EDS key for a registered company;
g) If necessary, the development of primary orders, job descriptions, employment contracts, staffing tables, receipt of INPS (pension) and work books for employees, etc.
In the process of registering a legal entity, the Contractor additionally provides the following services to the Customer:
- сonsulting in the field of taxation and individual calculation of the business;
- search and booking of the company name;
- development of original sketches of seals and stamps of any complexity, with different degrees of protection, logos, etc .;
- preparation of acts of premium transfers in the formation of the statutory fund by property;
- provision of a sample letter of guarantee when choosing premises for rent for a legal address;
- accompaniment of notarial certification of transactions and issuance of powers of attorney;
- preparation and submission of Form 8 (required data on the legal entity) to the Tax Office;
- obtaining a key from the bank and learning how to use it;
- provision of the necessary software for sending statistical reports;
- registration with the Khalk Bank in the system of individual accumulative pension accounts (INPS);
- submitting an application and obtaining access (codes) for sending monthly electronic reports to the Khalk Bank;
- preparation of accounting policies in accordance with NAS 1;
- preparation of safety instructions;
- drawing up regulations on wages;
- preparation of a lease agreement, an act of premium transfers for non-residential premises, taking into account the requirements of the legislation, etc.

What is Excise?

Excise tax is an indirect tax that is paid on certain goods and services. These goods can be produced both on the territory of our country and abroad. The excise tax indicator is the excise stamp. Each country has its own state-approved excise stamp. Excise tax is paid to the budget of Uzbekistan. Products subject to excise duty are cigarettes, alcohol, etc.

What is included in your accounting services?

During the accounting service, the following specialists work with you:
a) Accountant;
b) Financial Services S
c) Lawyer;
d) HR specialist.

Why is the restoration of accounting necessary?

The restoration of accounting is necessary to obtain detailed information about the real economic situation of the organization. Restoration of accounting is necessary in case of incorrect or incomplete reflection of all or part of the data, or in case of loss of data on the financial and economic activities of the enterprise.

What is a reorganization of a legal entity?

Reorganization of an enterprise is a process that is applied in order to create new companies or to terminate existing ones.
The reorganization of legal entities is considered one of the most difficult procedures associated with re-registration. Since each type of reorganization entails succession and the transfer of responsibilities from one legal entity to another, of course, you need to pay attention to the correct accounting / legal support to fully reflect the transfer of rights and obligations.

What does your brand name change service include?

Our service "Change of company name" includes the following:
a) Consulting on all legal issues related to the change of the name of a legal entity;
b) Preparation of the necessary constituent documents;
c) Preparation of applications for state registration and amendments to the constituent documents of a legal entity;
d) Payment of state fees;
e) Submission and receipt of documents at the registration authority;
f) Making a new company seal.

How long does it take to accredit representation?

The term for the provision of accreditation services:
15 - 20 working days, including the period for consideration of the application by the authorities (10 working days), from the moment of receiving all the necessary documents from the foreign company.

What is Electronic Digital Signature (EDS)?

EDS is an electronic digital signature. EDS is a unique combination of symbols that gives legal force to an electronic document. Information in electronic form, generated using an electronic signature, ensures the confidentiality of information, determines the author of the document and allows you to control any changes made to the document.
In the presence of an EDS, the costs of collection, registration, delivery, accounting and storage of documentation are reduced. Electronic digital signature guarantees the authenticity of documents and confidentiality of data exchange, thanks to a sophisticated encryption system.

Are fines and other payments related to taxes and fees?

Fines and other payments imposed on a person in court, as well as confiscations and other seizures of property in cases established by law do not apply to taxes or fees.

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