Choosing the form of presence, a charter drafted under the new law, the tax regime from day one and preparation for opening a bank account — one provider instead of three.
What does a foreigner need in order to open a company in Uzbekistan?
A foreign founder in Uzbekistan most often incorporates a limited liability company. The general requirement for a minimum charter capital for LLCs, joint-stock companies, business partnerships and family enterprises was abolished by Law No. ZRU-531 of 20 March 2019. For an enterprise with foreign investment (a foreign share of at least 15%), however, the current Annex 11 to the State Registration Regulation names a minimum of 400 million soum, or 200 million in Karakalpakstan and Khorezm, and lower capital is a ground for refusal. From 22 July 2026 LLCs are governed by the new Law No. ZRU-1137 of 21 April 2026, so the charter is worth drafting under that law rather than under the repealed 2001 statute. The number of participants may not exceed fifty. The tax regime should be chosen before registration: from 1 June 2026 the threshold for moving to general taxation is 12,000 base calculation units.
These are not abstract risks but the decisions that cost real money in the first year of a company's life.
A representative office may not carry on commercial activity, while a branch and a subsidiary differ in taxation and liability. Reversing the decision after registration costs more than making it properly at the start.
Common mistake: The decision is taken before the objective is stated: selling, manufacturing, hiring people or merely representing interests are different structures.
The company either locks up money nobody requires of it, or is refused registration because its capital is below the requirement for an enterprise with foreign investment or for its licensed activity.
Common mistake: People rely on English-language guides quoting figures such as USD 13,000. The general minimum was abolished in 2019, but with a foreign share of 15% or more Annex 11 to the State Registration Regulation names 400 million soum (200 million in Karakalpakstan and Khorezm), on top of any licensing requirements for the activity.
A year later it turns out the charter says nothing about how decisions are taken, how a participant exits or how major transactions are approved — and since 22 July 2026 the law offers possibilities a template simply does not contain.
Common mistake: The charter is treated as a registration formality rather than the document by which a dispute between participants will be resolved.
For the first months the company operates on the wrong regime, and fixing it retrospectively means recalculations and amended returns.
Common mistake: Registration and tax are handled by different providers who never speak to each other.
Subsidiary LLC, branch or representative office — assessed against your objective: what each may do, how it is taxed, who carries liability.
Not a template, but a charter drafted under Law No. ZRU-1137: how decisions are taken, how a participant exits, how transactions are approved.
Preparing the document set, filing and following it through to legal-entity status.
A calculation of what works better at your turnover and activity, and the election made upfront rather than after the first filing.
Appointing the manager, documenting authority and preparing for account opening, including the bank's compliance questions.
A calendar of the company's first obligations, so year one does not open with a notice of discrepancy.
What the company will do, who the participants are, where the funding comes from, whether licences and staff are needed. That drives both the form and the regime.
Choosing the form, drafting the charter and founders' resolutions, checking the requirements for your activity.
Filing the documents and following through to legal-entity status.
Tax regime, appointment of the director, preparation for account opening and the calendar of first obligations.
Every point links to the primary source so you can check it yourself.
The requirement for a minimum charter capital when registering joint-stock companies, limited and additional liability companies, business partnerships and family enterprises was abolished by Law No. ZRU-531 of 20 March 2019; a minimum may be set only by licensing requirements.
Law No. ZRU-531 of 20.03.2019, lex.uzFor enterprises with foreign investment, Annex 11 to the Regulation on the State Registration of Business Entities (Cabinet of Ministers Resolution No. 66, as amended by Resolution No. 165 of 28 March 2024) sets a minimum charter capital of 400 million soum, or 200 million soum in the Republic of Karakalpakstan and Khorezm region; charter capital below that amount is a ground for refusal of registration (paragraph 40 of the Regulation).
Cabinet of Ministers Resolution No. 66, Annex 11 and paragraph 40, lex.uzAn enterprise with foreign investment is one in which foreign investment accounts for at least 15% of the shares (interests, units) or of the charter capital (article 3 of Law No. ZRU-598 of 25 December 2019).
Law No. ZRU-598 of 25.12.2019, article 3, lex.uzFrom 22 July 2026 limited liability companies are governed by the new Law No. ZRU-1137 of 21 April 2026; law 310-II of 6 December 2001 ceased to apply.
Law No. ZRU-1137 of 21.04.2026, lex.uzThe number of participants in a limited liability company may not exceed fifty (article 8).
Law No. ZRU-1137, article 8, lex.uzFrom 1 June 2026 the threshold for mandatory transition to general taxation is 12,000 base calculation units.
Presidential Decree No. PF-100 of 26.05.2026, lex.uzWe will go through your situation, tell you what can realistically be done and by when, and name a price once we understand the scope. Any figure before that would be made up.
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This material is for information only and is not legal advice on your particular situation. Rules change — check the current wording via the links to the primary sources above. To have your case assessed, send a request.