Legislation of Uzbekistan

List of laws and regulations

Limited Liability Companies Act

LLCs

Joint-Stock Companies Act

JSCs

Bankruptcy Act

Bankruptcy

Tax Code

Taxes

Civil Code

Civil legal relations

Company Names Act

Company names

Investment and Investment Activity Act

Investment

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Tax treaties entered

Austria

Azerbaijan

Bahrain

Belarus

Belgium

Bulgaria

Canada

China

Czech Republic

Egypt

Estonia

Finland

France

Georgia

Germany

Greece

Hungary

India

Indonesia

Iran

Ireland

Israel

Italy

Japan

Jordan

Kazakhstan

Kuwait

Kyrgyzstan

Latvia

Lithuania

Luxembourg

Malaysia

Moldova

Netherlands

Oman

Pakistan

Poland

Qatar

Romania

Russia

Saudi Arabia

Singapore

Slovak Republic

Slovenia

South Korea

Spain

Switzerland

Tajikistan

Thailand

Turkey

Turkmenistan

Ukraine

United Arab Emirates

United Kingdom

Vietnam

Tax Exchange Information Agreement (TIEA)

None

List of state regulatory authorities

President

https://president.uz/en

Government

https://gov.uz/en

Ministry of Economy and Finance

https://gov.uz/en/imv

Ministry of Investment, Industry and Trade

https://gov.uz/en/miit

State Tax Committee

https://gov.uz/oz/soliq/pages/about

State Customs Committee

https://old.customs.uz/

Central Bank

https://cbu.uz/en/

Corporate info

Legal system

Based on the Romano-Germanic legal system

Types of entity

- Private enterprise;
- Limited liability company;
- Joint-stock company;
- Sole proprietorship;
- Branch;
- Representative office

Shelf companies permitted

No

Incorporation timescale for a new company

Around 10 workdays

Company suffix

There must be an indication of the form of incorporation of the company

Sensitive words

A company name must not contain the official name of the state (Uzbekistan), short or full name of an international, intergovernmental or non-state non-profit organization; the full or short name of a historic or well-known personality in the Republic of Uzbekistan without permission issued in the prescribed manner, etc.

Cyrillic alphabet permitted in company name

Yes

Local registered office

Yes

Local registered agent

No

Information to be kept at the registered office

Constitutional documents, information on state registration, manager and founders’ data, accounting records, tax reports and other documents

Seal required, type of seal

Since 2019, entrepreneurs are not required to use a seal

Redomiciliation (to, from) permitted

Not provided for by law

Director and secretary

Minimum number of directors

1

Residency requirements for directors

No

Corporate directors permitted

No

Directors’ meetings/frequency/location

At least once a year

Disclosure to local agent

Yes

Disclosure to public

Yes

Company secretary required

No

Residency requirements for a secretary

No

Qualified secretary required

No

Corporate secretary permitted

No

Shareholder and beneficiary

Minimum number of shareholders

1 (not more than 50)

Residency requirements for shareholders

No

Corporate shareholder permitted

Yes

Meetings/frequency/location

Not less than once a year

Disclosure to local agent

No

Disclosure to public

Yes

Beneficiary info disclosure to

No

Shares and share capital

Minimum authorized share capital

No requirements

Minimum issued share capital

No requirements

Minimum paid share capital

No requirements

Authorized capital payment deadlines

Not set

Issued capital payment deadlines

Not set

Standard currency

UZS

Standard authorized share capital

100 000 000

Standard par value of shares

Not more than UZS 5 000

Shares with no par value permitted

No

Bearer shares permitted

No

Taxes

Personal tax

12%

Сorporate tax

15%

Corporate tax (in detail)

Enterprises (legal entities) are normally subject to 15% corporate income tax

Capital gains tax

15%

Capital gains tax. Details

Usual rate

VAT

12%

VAT. Details

Standard rate applied in most cases is 12%

Withholding tax

10% (dividend), 10% (interest), 20% (royalty)

Other taxes

Excise tax; Water use tax; Property tax of legal entities; Property tax of individuals; Land tax of legal entities and individuals

Exchange control

Yes

Government fee

Yes

Stamp duty

Yes

Accounts

Requirement to prepare accounts

Yes

Requirement to file accounts

Yes

Publicly accessible accounts

Yes

Requirement to file Annual Return

Yes

Publicly accessible Annual Return

No

Audit required

Yes

General information shortly

Location

Central part of Central Asia

Total area

448 924 sq. km

Population

37 909 800 (2025)

Capital

Tashkent

National currency

Sum

Conditional reduction of currency

UZS

Against USD

0,000081 (2025)

Climate, average max and min t°

Strongly continental

Time difference from Moscow

- 2 hours

Dialing code

+ 998

State language

Uzbek

Ethnic groups

Uzbeks, Tajiks, other peoples of Central Asia (Kazakhs, Karakalpaks, Kyrgyz, Turkmens, etc.), Russians and other Slavic peoples

Literacy rate

99,99% (2023)

History

—

Credit rating

BB-

Government type

Sovereign presidential democratic republic

Executive branch

Cabinet of ministers

Legislative branch

Parliament (Oliy Majlis). It consists of two chambers: the legislative chamber (lower house) and the senate (upper house)

Judicial branch

The Constitutional Court of the Republic of Uzbekistan, the Supreme Court of the Republic of Uzbekistan and its structural divisions of the Supreme Court of the Republic of Karakalpakstan, regional, Tashkent city courts for civil and criminal cases, inter-district, district, city courts for civil and criminal cases; the Supreme Economic Court of the Republic of Uzbekistan, the Economic Court of the Republic of Karakalpakstan, regional and Tashkent city economic courts

Unemployment

6,8% (2024)

GDP per capita rank

138 (2025, IMF)

Corruption perceptions index rank

Corruption Perceptions Index - 32 (2025)

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