How to start working in the Republic of Uzbekistan
The process of organizing and starting a business in Uzbekistan
1
Limited liability company
Limited liability company
- — Up to 50 co-founders (there may be legal entities among them);
- — The manager can be an employee;
- — Assignment (sale, donation or other alienation) of a share is allowed;
- — The founders are responsible only for the property that they contributed when creating the company (their share), that is, the risks are within the limits of the contributions made;
- — Tax on dividends: 5% for residents, 10% for non-residents;
- — Any non-prohibited type of activity;
- — There are NO requirements for the size of the Authorized Capital*.
- *Minimum size of the authorized capital: may be determined at the discretion of the founder, except in cases of licensing requirements.
2
Preparatory stage
Preparatory stage
- — Determine the name of the company;
- — Determine the head of the company;
- — Determine the accountant of the company;
- — Determine the location of the company;
- — Determine the types of economic activities of the company;
- — Choose a servicing bank;
- — Prepare sketches of corporate seal and stamp;
- — Issue a power of attorney to the authorized representative of the founder;
- — Prepare a package of constituent documents.
3
Company name
Company name
- The name of the company can be booked here. In the application form, enter a list of proposed names from 1 to 10 pieces;
- — The order processing period is 24 hours from the moment of payment of the order.
- — The result of order processing is the login and password from the personal account on the website of the statistical office, in which the name of the legal entity is reserved.
4
Constituent documents
Constituent documents
- — The decision of the founder or the minutes of the meeting approving the charter of the company;
- — The Charter of the company;
- — Memorandum of Association (in case there are more than 1 founders);
- — Identification document of the representative (passport, military ID, driver's license, other document proving the identity and place of residence in the Republic of Uzbekistan) and his PINI (Personal Identification Number of an Individual);
- — A document confirming the authority of the representative (power of attorney, contract, decision of the founder, etc. in accordance with the law);
- — Reserved brand name;
- — Cadastral number of rented or own premises;
- — PINI of the founder (if it is an individual) and the director;
- — Information on the payment of the state fee or a copy of the bank payment document confirming the payment of the established amount of the state fee.
- *1 Minimum Wage = 920,000.00 soums 1 Basic Calculation Value = 300,000.00 soums
5
Company registration
Company registration
- — Get access and authorization on my.gov.uz;
- — Application;
- — Presentation of constituent documents;
- — Processing of the application within 1 working day;
- — Assignment of TIN, information is automatically sent to the unified information system of the State Tax Committee;
- — Data is entered into the Unified State Register of Business Entities;
- — A certificate of state registration is being formed;
- There are two ways to apply for state registration or re-registration of a business: electronically — my.gov.uz; at the place of registration, turnout at the "Single Window" centers operating in all districts and cities of the Republic from Monday to Friday from 9:00 to 18:00 without lunch breaks.
6
Opening a bank account
Opening a bank account
- — Application for opening an account;
- – Identification document of the applicant (original);
- — A copy of the certificate of state registration;
- — Card with samples of signatures and seal imprint according to the form (original seal);
- — Conclusion of an agreement between the client and the bank to open a bank account in writing (original);
- Subject to the submission of the necessary documents to the bank for the conclusion of the contract, and after the contract itself has been drawn up, the bank must open an account within 1 business day. There is no charge for opening a bank account.
Savings deposit account
This is an account that keeps records of funds generated on the basis of periodic contributions from customers, saved for certain purposes and sent for these purposes or returned upon termination of the contract. Interest is paid for the storage of funds in a savings deposit account, in the amount stipulated in the agreement concluded between the bank and the client.
Demand deposit account
The account on which the client's funds are recorded, issued or transferred at his first request. A demand deposit account is opened when the salary is transferred to a plastic card.
Time deposit account
The account on which the customer's funds deposited for the period strictly agreed upon in the contract are kept. This account is opened in a bank with a deposit of funds at a certain percentage.
Loan account
An account that records loans issued clients in due course.
List of commercial banks
7
Registration with
tax authorities
Registration with
tax authorities- — Registration of Form No. 8 in the State Tax Service at the place of registration (on purpose);
- — Verification of credentials in the personal account of the tax agent.
8
Getting an EDS
Getting an EDS
- Making an online application for getting an EDS via e-imzo.uz*. The EDS is issued for a period of two years, it can be obtained in three ways:
- — Come with a passport and a USB flash drive to the nearest public services center; online on the Unified Portal of Interactive Public Services, a video instruction is available here); on the official website of the EDS registration center — e-imzo.uz;
- — After downloading the certificate and saving the key, you need to log in to your personal account on the site my.gov.uz using an EDS and enter the password from the key;
- — Except the website
my.gov.uz
EDS can be used on the website
my.soliq.uz, stat.uz,
faktura.soliq.uz,
fo.birdarcha.uz,
shop.uzex.uz
and other.
Instructions for obtaining an EDS
9
Credentials
Credentials
- Entering primary data about a registered legal entity in state information systems:
- — Registration on my.soliq.uz, with verification of previously entered data and indication of electronic document management systems (taxation and tax reporting system);
- — Registration of the director on mehnat.uz (employment contract);
- — Registration of the questionnaire on nps.xb.uz (individual savings pension account);
- — Verification of credentials and reporting required to be provided on hisobot.stat.uz (statistical reporting);
10
Internal accounting
Internal accounting
- Registration of internal accounting by developing, approving and signing internal documentation by the founder / director:
- — Document management rules;
- — Accounting policy of the organization for accounting purposes;
- — Accounting policy of the organization for tax purposes;
- — Employment contract with the head of the organization;
- — Employment contracts with employees of the organization;
- — Internal contracts (on material liability, on the transfer of property for use, etc.);
- — Provisions on bonuses and incentives for employees;
- — Internal working regulations;
- — Regulation on trade secrets;
- — Documentation related to labor protection issues;
- — Internal accounting and financial reporting;
- — Minutes of internal meetings;
- — Job descriptions;
- — Commercial contracts;
- — Other local documents.
11
Start of commercial
activity
Start of commercial
activity- — Identification of the main customers, suppliers and other counterparties;
- — Execution and conclusion of contracts for the supply / sale of goods / services / works;
- — Making prepayment under contracts.
1
Private entreprise
Private entreprise
- — Founder status — only one individual;
- — The owner himself and the director (executive body) cannot make the head of an employee;
- — Sale (assignment) of a part of the share in the authorized fund is not allowed;
- — If the company's property is insufficient, the founder is liable for obligations with personal property (except for the only housing, household items and utensils);
- — Tax on dividends: 5% for residents, 10% for non-residents;
- — Any non-prohibited type of activity;
- — There are NO requirements for the size of the Authorized Capital*.
- *Minimum size of the authorized capital: may be determined at the discretion of the founder, except in cases of licensing requirements.
2
Company name
Preparatory stage
- — Determine the name of the company;
- — Determine the head of the company;
- — Determine the accountant of the company;
- — Determine the location of the company;
- — Determine the types of economic activities of the company;
- — Choose a servicing bank;
- — Prepare sketches of corporate seal and stamp;
- — Issue a power of attorney to the authorized representative of the founder;
- — Prepare constituent documents.
3
Company name
Company name
- working.howToStart.individual.items.3.subTitle
- — Order processing time
- — 24 hours from the moment of payment of the order. Order processing result
4
Constituent documents
Constituent documents
- — The decision of the founder or the minutes of the meeting approving the charter of the company;
- — The Charter of the company;
- — Foundation agreement (if there are more than 1 founders);
- — A document certifying the identity of the representative (passport, military ID, driver's license, other document certifying the identity and place of residence in the Republic of Uzbekistan) and his PINI;
- – A document confirming the authority of the representative (power of attorney, contract, decision of the founder, etc. in accordance with the law);
- — Reserved brand name;
- — Cadastral number of rented or own premises;
- — PINI of the founder (if it is an individual) and the director;
- - Information on the payment of the state fee or a copy of the bank payment document confirming the payment of the established amount of the state fee.
- *1 Minimum Wage = 920,000.00 soums 1 Basic Calculation Value = 300,000.00 soums
5
Company registration
Company registration
- — Get access and authorization on my.gov.uz;
- — Application;
- — Presentation of constituent documents;
- — Processing of the application within 1 working day;
- — Assignment of TIN, information is automatically sent to the unified information system of the State Tax Committee;
- — Data are entered into the Unified State Register Business Entities;
- — A certificate of state registration is being formed;
- There are two ways to apply for state registration or re-registration of a business: electronically — my.gov.uz; at the place of registration, turnout at the "Single Window" centers operating in all districts and cities of the Republic from Monday to Friday from 9:00 to 18:00 without lunch breaks.
6
Opening a bank account
Opening a bank account
- — Application for opening an account;
- – Identification document of the applicant (original);
- — A copy of the certificate of state registration;
- — Card with samples of signatures and seal imprint according to the form (original seal);
- — Conclusion of an agreement between the client and the bank to open a bank account in writing (original).
- Subject to the submission of the necessary documents to the bank for the conclusion of the contract, and after the contract itself has been drawn up, the bank must open an account within 1 business day. There is no charge for opening a bank account.
Savings deposit account
This is an account that keeps records of funds generated on the basis of periodic contributions from customers, saved for certain purposes and sent for these purposes or returned upon termination of the contract. Interest is paid for the storage of funds in a savings deposit account, in the amount stipulated in the agreement concluded between the bank and the client.
Demand deposit account
The account on which the client's funds are recorded, issued or transferred at his first request. A demand deposit account is opened when the salary is transferred to a plastic card.
Time deposit account
The account on which the customer's funds deposited for the period strictly agreed upon in the contract are kept. This account is opened in a bank with a deposit of funds at a certain percentage.
Loan account
An account that records loans issued clients in due course. List of commercial banks
7
Registration with tax authorities
Registration with tax authorities
- — Registration of Form No. 8 in the State Tax Service at the place of registration (on purpose);
- — Verification of credentials in the personal account of the tax agent.
8
Getting an EDS
Getting an EDS
- Making an online application for obtaining an EDS via e-imzo.uz*. The EDS is issued for a period of two years, it can be obtained in three ways:
- — Come with a passport and a USB flash drive to the nearest public services center; online on the Unified Portal of Interactive Public Services, a video instruction is available here); on the official website of the EDS registration center — e-imzo.uz;
- — After downloading the certificate and saving the key, you need to log in to your personal account on the website my.gov.uz using an EDS and enter the password from the key;
- — Except the website my.gov.uz EDS can be used on the website my.soliq.uz, stat.uz, faktura.soliq.uz, fo.birdarcha.uz, shop.uzex.uz and others. Instructions for obtaining an EDS
9
Credentials
Credentials
- Entering primary data about a registered legal entity in state information systems:
- — Registration on my.soliq.uz, with verification of previously entered data and indication of electronic document management systems (taxation and tax reporting system);
- — Registration of the director on mehnat.uz (employment contract);
- — Registration of the questionnaire on nps.xb.uz (Individual savings pension account);
- — Verification of credentials and reporting required to be provided on hisobot.stat.uz (statistical reporting);
10
Internal accounting
Internal accounting
- Registration of internal accounting by developing, approving and signing internal documentation by the founder / director:
- — Document management rules;
- — Accounting policy of the organization for accounting purposes;
- — Accounting policy of the organization for tax purposes;
- — Employment contract with the head of the organization;
- — Employment contracts with employees of the organization;
- — Internal contracts (on material liability, on the transfer of property for use, etc.);
- — Provisions on bonuses and incentives for employees;
- — Internal working regulations;
- — Regulation on trade secrets;
- — Documentation related to labor protection issues;
- — Internal accounting and financial reporting;
- — Minutes of internal meetings;
- — Job descriptions;
- — Commercial contracts;
- — Other local documents.
11
Start of commercial
activity
Start of commercial
activity- — Identification of the main customers, suppliers, etc. counterparties;
- — Execution and conclusion of contracts for the supply / sale of goods / services / works;
- — Making prepayment under contracts.
