Establishing a company with foreign capital in Uzbekistan is a key step for international businesses seeking to operate in Central Asia. Under the laws of the Republic of Uzbekistan, foreign investors have the full right to register companies in the following forms:

• LLC JV – Limited Liability Company in the form of a Joint Venture (with Uzbek and foreign founders)
• LLC FOE – Limited Liability Company in the form of a Foreign-Owned Enterprise (100% foreign ownership)

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Key Features:

Founders:

• LLC JV – Must include at least one Uzbek resident (individual or legal entity) and one foreign investor.
• LLC FOE – All founders must be foreign individuals or legal entities.

Legal Status:

• Both are recognized as legal entities.
• Registration is processed through the unified e-government portal (YIDXP/my.gov.uz) or via the Public Service Centers.
• Governed by:
  1. Law “On Limited and Additional Liability Companies”
  2. Presidential Decree No. UP-5495 (01.08.2018)
  3. Law “On Investments and Investment Activities”

Charter Capital Requirements:

• Minimum UZS 400,000,000
• Or UZS 200,000,000 if the company operates in the Republic of Karakalpakstan or Khorezm region
• For LLC JV, the foreign share must be at least 15%

Financial Rights:

• Open bank accounts in any currency, in Uzbekistan or abroad
• Receive and repay loans in foreign currencies

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Registration Procedure:

1. Select the company type (LLC JV or LLC FOE)
2. Prepare founding documents
3. Choose business activity (OKED)
4. Obtain a digital signature (E-IMZO)
5. Submit application via my.gov.uz or PSC
6. Receive TIN, statistical codes, and registration certificate
7. Open a bank account
8. Create company seal
9. Begin operations

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Required Documents:

🔹 Uzbek individual residents:

• Passport, TIN (or PINFL), proof of residence

🔹 Uzbek legal entities:

• Company charter, certificate of registration, director’s passport

🔹 Foreign individuals:

• Passport (or scan)
• PINFL
• ICAO-standard photo
• Visa and temporary registration (if applicable)
• Power of attorney (if submitting remotely)

🔹 Foreign legal entities:

• Extract from commercial registry (or equivalent document)
• Power of attorney for the representative
• Ultimate Beneficiary Owner (UBO) declaration

We Offer:

Service	BASIC Package	FULL Package
Legal consultation	✅	✅
Assistance with legal address	❌	✅
Company name check & reservation	✅	✅
Drafting of charter documents	✅	✅
OKED activity code selection	✅	✅
Obtaining E-IMZO (digital signature)	✅	✅
Translation and notarization	❌	✅
Obtaining PINFL and powers of attorney	✅	✅
Bank account opening	✅	✅ (incl. remote option)
Seal preparation	❌	✅
Completion time	5–6 business days	8–10 business days
Price	from UZS 5,000,000 + 375,000	from UZS 9,000,000 + 375,000