Registration of an enterprise with foreign investments (JV, IP)
JV LLC — This is a business form established based on joint investments from participants in Uzbekistan and foreign countries, where the share of foreign investors must be at least 15%. This structure allows for the pooling of resources and expertise from both local and foreign companies, opening up new opportunities for development.
IP LLC — This is an enterprise fully funded by foreign investments, where the share of the foreign participant is 100%. This allows investors to have full control over the business and management, minimizing the risk of dependent participation.
To register a Foreign Enterprise as a JV LLC or IP LLC in the Republic of Uzbekistan, the following conditions must be met:
- In the case of registering a JV LLC or IP LLC, the minimum amount of the authorized capital must be at least 400,000,000 UZS. The authorized capital must be fully formed within one year from the date of the legal entity's registration.
- It is permitted to hire a foreign individual as the company's director without a work permit for a period of 3 months from the date of the legal entity’s registration.
- The cost of the registration service for a JV LLC or IP LLC is - 600$ (state duty is not included in this amount).
The amount of the state fee is - 300$
The service cost includes the following:
- Consultation on the registration of a legal entity and basic taxation.
- Reservation of the company name for registration.
- Assistance in gathering necessary documents from the founders and the director of the registering company (including templates for power of attorney and guarantee letter, location and address of the state agency issuing the PINFL and digital signature, and contacts for the legal address landlords).
- Development of the founding documents in a customized format according to the client's specifications. If necessary, adaptation of existing documents to the legislation of the Republic of Uzbekistan.
- Selection of the main economic activity code (OKED) according to the national classifier.
- Submission of prepared documents and payment of the state fee.
- Receipt of the state registration certificate.
- Production of the company’s seal.
- Preparation of the document package for opening a bank account.
- Registration with the tax authorities.
The state fee for registering a JV LLC in Uzbekistan depends on the amount of the authorized capital and other factors. The fee typically ranges from 1 to 3 million UZS, but the exact amount is determined at the time of registration.
To register a JV LLC with foreign investments in Uzbekistan, the following documents are required:
- Registration application.
- Founding agreement.
- A copy of the foreign investor’s passport.
- A copy of the certificate of registration of the foreign company.
- Lease agreement or proof of ownership of office space.
- Payment of the state fee.
- In some cases, permission to invest from relevant authorities.
To register an IP LLC with foreign investments in Uzbekistan, you will need to submit:
- Application for individual entrepreneur registration.
- Founding documents (if there are founders).
- Investor's passport or owner’s identification.
- Payment of the state fee.
- Lease agreement for office space.
- Investment license (if required).
Yes, accounting is required for both JV LLCs and IP LLCs in Uzbekistan. All businesses must maintain financial records, including income, expenses, tax obligations, and other financial transactions. Accounting is an essential part of reporting.
JV LLCs and IP LLCs in Uzbekistan must pay the following taxes:
- VAT (Value Added Tax).
- Income tax for individuals and legal entities.
- Profit tax.
- Social tax.
- Other local taxes depending on the type of business and region.
To register a JV LLC in Uzbekistan, the following steps are required:
- Prepare founding documents (founding agreement, decision on establishment).
- Submit the registration application to the tax authority.
- Pay the state fee.
- Obtain a legal address (lease agreement or proof of property ownership).
- Open a bank account.
- Register with the Pension Fund and other state agencies.
The authorized capital for a JV LLC in Uzbekistan is the amount of money or property that the founders must contribute to the company. The minimum authorized capital depends on the type of activity but generally starts from 100 minimum calculation amounts.
The founders of a JV LLC in Uzbekistan are liable within the limits of their contributions to the authorized capital of the company. However, in case of violations of the law or failure to meet obligations, they may face administrative or criminal liability.
Yes, foreign investors can register a JV LLC in Uzbekistan without being physically present. However, a trusted representative or legal entity will be required for interacting with government agencies and handling document preparation.
The registration process for a JV LLC or IP LLC in Uzbekistan typically takes from 5 to 10 working days, provided that all documents are correctly submitted and all legal requirements are met.
Foreign investors in Uzbekistan can benefit from tax incentives and privileges, including exemptions from profit tax for a certain period, tax holidays for startups, and simplified procedures for obtaining investment permits.
In the near future our manager will contact you to clarify the necessary information.
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