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.
NSEI stands for Non-State Educational Institution. It can be created by individuals, commercial or non-commercial entities. NSEI provides services in the field of raising children or educating people of any age, from children to adults. A striking example of non-educational institutions is the Training Centers, which are available in every district of the Tashkent city.
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.
NGO is a Non-Governmental Non-Profit Organization. It can be created voluntarily by individuals or legal entities. NGO is a self-governing organization, it does not pursue profit as the main goal for its activities. The purpose of creating a non-governmental educational institution is to protect the rights and interests of citizens, organizations, values of democracy, social, cultural and educational spheres, charity, spiritual, non-material life of people, and help society.
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;
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.
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.
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.
According to article 14 of the Law of the Republic of Uzbekistan № 310-II 06.12.2001 "On limited and additional liability companies" the minimum size of the authorized capital of the company can be determined in the license requirements. Statutory fund (Authorized capital) of the company forms from the nominal value of its participants' shares (founders). Each participant of the company must contribute fully to the Statutory fund of the company during the period, that defined by the constituent documents and which should not exceed one year from the date of state registration of the company.
A member (founder) of a limited liability company can be individuals and legal entities, both residents and non-residents of the Republic of Uzbekistan. Requirements - legal capacity. Quantity - minimum 1 maximum 50.
To register a turnkey LLC, the following information and documentation is required:
а) options for choosing the name of the enterprise to be created (from 3 to 5);
b) the choice of the main activity of the created enterprise;
c) selection of the legal address of the enterprise (at the address of residence of one of the participants or a letter of guarantee from the lessor about the readiness to provide premises or office);
d) provision of EDS keys and passwords (electronic digital signature) from participants (founders);
e) choosing a bank to open a current account;
f) determination of shares between the participants in the company;
g) information about the executive body and the chief accountant of the company (copy of passports);
h) if the participants (founders) are individuals:
-a copy of the passports of the participants (founders) with information about the place of registration;
i) if the participants (founders) are legal entities:
-copies of constituent documents (Articles of Association, constituent agreement) with all amendments;
-a copy of the registration certificate (an extract about the foreign founder from the trade register at the place of registration of the legal entity);
-power of attorney for a representative (if necessary).
To re-register an LLC, the following information and documentation is required:
а) provision of the EDS key and password (electronic digital signature) of the enterprise subject to re-registration;
b) copies of constituent documents and information about the executive body of the enterprise;
c) information and / or supporting documentation establishing changes in constituent documents (new lease agreement for premises, copies of passports or constituent documents of new members of the company, options for changing the name of the enterprise, etc.)
d) power of attorney for a representative (if necessary).
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.
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.
During the accounting service, the following specialists work with you:
b) Financial Services Specialist;
d) HR specialist.
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.
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.
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.
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.
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.
The term for the completion of the work takes from 15 to 20 working days, including the period for consideration of the application by the authorities (15 working days).
Upon receipt of this permit, it is necessary to pay a state fee in the amount of 30BDV - 7.350.000 soums.
For consideration of the application, the state fee one BDV.
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.
According to the Labor Code of Uzbekistan (article 115), the normal working hours of company employees should not exceed 40 hours per week. If the work week is 6 days, then the daily work is 7 hours. If 5 days, then - 8 hours.
Re-registration of a legal address is carried out by the Center for Public Services at the place of commercial activity.
We provide this service, the term of which is 5 working days.
The re-registration service, in connection with a change in the legal address of the enterprise, includes the following:
a) Consulting on all issues related to the change of legal address, as well as making the necessary changes to the constituent documents;
b) Preparation of a package of constituent documents required for state registration;
c) Provision and support of notarization of documents;
d) Payment of state fees;
e) Making a new seal of the organization on a new tooling.
a) Application signed by the head with the seal of the organization - one copy;
b) A contract or other document confirming a preliminary agreement on the employment of a foreign citizen as a specialist;
c) A completed form for a foreign specialist with a photograph;
d) Document confirming payment for registration and issuance of a permit;
e) Certificate of absence of HIV infection.
You can send us your question and if your question turns out to be frequently asked, then you will receive a valid answer from the specialists, which you can see on our website.