Register at the Public Service Center and obtain the Certificate of State Registration
Agency: Public Service Center under the Ministry of Justice
Starting from April 1, 2017, the new online platform for the companies registration was introduced: fo.birdarcha.uz
The company can be registered online or in-person by visiting the Public Service Center of the relevant district. The following registration documents should be submitted:
- Application form;
- Constitutive documents: shareholders agreement and charter (for LLC);
- Confirmation of registration fee payment (if not done at the moment of registration).
In case of online registration, each founder should electronically confirm that (s)he is becoming the founder of the company. Within 30 minutes after the documents are submitted and payment is made, the company is registered. Registration certificate and constitutional documents are sent electronically to the applicant. In case of registration in person, the certificate of incorporation is printed out right after the registration process is over. The founders obtain the certificate of incorporation on the same day as they apply provided that the submitted documents are in full compliance with the statutory requirements.
Registration fee is levied in the amount of 1 minimum wage in case of registration in person, or 0.5 minimum wage in case of registration online.
After the LLC is registered, the local registering authority automatically provides the data on the registered LLC to the state statistics authorities, state tax authorities, and internal affairs agencies at place of location of the LLC.
Time and cost: 1 day; UZS 202,730 (equal to one minimum monthly wage) for registration in-person or UZS 101,365 (equal to half of one minimum monthly wage) for online registration.
Make a company seal
Agency: Specialized seal-making company
According to Article 5 of the Law “On limited liability company” (http://lex.uz/Pages/GetAct.aspx?lact_id=18793), small companies are not legally required to have a seal. However, most companies still prefer to do so in practice.
Starting from April 1, 2017, small companies are no longer required to approve the seal design with the registration authorities. The company’s seal must be made by a specialized seal-making company. For ordering a seal, the company should provide the Registration Certificate.
Time and cost: 1 day, UZS 50,000 – 100,000
Open a permanent bank account with a local bank
Agency: Commercial Bank
Companies open bank accounts in order to conduct official business, and because in practice Tax Authorities expect a notification regarding company’s corporate account number. In addition corporate bank account is required for notification of Xalq bank.
To open a permanent bank account, it is required to submit the Decision of the newly registered company on nomination of the director of the company and the accountant.
Requirement to submit originals and copies of the certificate of registration and constituent documents was abolished. When opening a bank account, banks independently gain access to information about the business entity (registration certificates and constituent documents).
After opening a permanent bank account for the company, the bank notifies Tax Authorities and Khalk bank (People’s bank) regarding the company’s bank account.
Time and cost: 1 day, no charge
