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.

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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".

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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.

Company Formation

Company formation in Uzbekistan
Opening a bank account

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Additional services

Registered address for 1 year
VAT registration

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Documents

Apostille corporate documents (Certificate of incorporation and Articles of Association)
Document delivery

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Key Numbers about Incorporations

3 weeks

average term of company formation

аt least 1

shareholder in the company

аt least 1

director in the company

15%

corporate income tax (CIT) rate

12%

personal income tax (PIT) rate

12%

value-added tax (VAT) rate

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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

Corporate income tax (CIT)

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

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.
What types of companies are the most popular in Uzbekistan?

The most popular type of companies in Uzbekistan is Limited Liability Company (LLC).
Is a local registered office address required?

A physical address in Uzbekistan is required for company registration.
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.
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.
How many shareholders are required for an Uzbekistan company?

A minimum of one shareholder is required to form a company in Uzbekistan.
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.

Semen Kaploushenko

KUNA, CBDO

"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".

Vadym Grusha

Trustee Wallet, CEO

"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".

Yuriy Soshenko

WhiteBit, CLO

"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

Choosing the right partner for company registration is crucial for a smooth and successful business launch. At Manimama, our legal experts specialize in navigating complex legal landscapes, providing holistic solutions tailored to your needs.

Comprehensive Legal Expertise
Since our inception, Manimama has been at the forefront of tackling intricate legal challenges with innovative and thorough solutions. Our team of dedicated lawyers evolves alongside our firm, reflecting our people-centric philosophy and commitment to excellence.
Results-Driven Approach
Manimama is a results-oriented law firm that offers an extensive array of legal services to both individuals and corporate entities. We pride ourselves on maintaining the highest standards of integrity and a "client-first" approach, leveraging our extensive skills and knowledge to achieve the best outcomes for our clients.
Global Presence and Local Expertise
Our journey began with the establishment of Manimama OU's first European office in Estonia, a country renowned for its progressive regulation of virtual currencies, international investments, fintech, and gambling sectors. Estonia’s favorable tax system and digital-friendly investment climate provided a robust foundation for our expansion.
Community Commitment
At Manimama, we believe in giving back to society and making a positive impact. Our commitment to social responsibility is integral to our operations, ensuring that we contribute to making the world a better place while helping our clients achieve their business goals.

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.