Uzbekistan
Key entity, tax, banking, visa, and compliance guidance for foreign founders incorporating in Uzbekistan.
Foreign Ownership Eligibility
Uzbekistan welcomes 100% foreign-owned companies
Fully remote formation — you never need to set foot in the country.
- 100% foreign ownership permitted in most sectors
- Legal system: Civil Law (Soviet tradition)
- Primary registration authority: Ministry of Justice (Minjust UZ)
- Registry website: https://www.minjust.uz
- Tax authority: State Tax Committee (STC)
- Corporate income tax (CIT): 12% - Source: CIT: 12% (Uzbekistan STC). VAT: 15%.
- VAT / sales tax: 15%
- Estimated formation timeline: 1-3 days - Via my.gov.uz portal. Source: Minjust Uzbekistan
- Annual compliance and renewal obligations apply
Ownership
100% Foreign OK
Formation
100% Remote
Tax at a glance
Uzbekistan Tax Overview
12%
Corporate Income Tax (CIT)
CIT: 12% (Uzbekistan STC). VAT: 15%.
15%
VAT / Sales Tax
CIT: 12% (Uzbekistan STC). VAT: 15%.
State Tax Committee (STC)
Tax Authority
https://soliq.uz
Pros & cons
Advantages & Considerations
Key Advantages
100% foreign ownership permitted in most sectors
Legal framework: Civil Law (Soviet tradition)
Primary registry: Ministry of Justice (Minjust UZ)
Tax rate: 12% CIT
Incorporated company has access to Uzbekistan market
Considerations
Local professional guidance recommended for regulatory compliance
Banking KYC requirements can be extensive - allow time for account opening
Professional services market may be limited compared to major financial centres
Verify sector-specific restrictions before investing
Currency risk: UZS fluctuations may affect USD-denominated investments
Incorporation Process
The process is strictly digital. Each stage builds on the previous one.
Name reservation
Prepare incorporation documents
Submit registration application
Tax registration
Open corporate bank account
What you'll pay
Cost Architecture
Government Fees
Annual Ongoing
Professional Services
Government fees change frequently. Always verify current fee schedule at https://www.minjust.uz before committing.
Still unsure about costs?
These are estimates — your actual cost depends on your structure
Every Uzbekistan setup is different. A 15-minute call with one of our specialists will give you a personalised cost breakdown — completely free.
Fintech & Banking
Can non-residents open accounts without visiting? NO.
Banking options for non-resident founders in Uzbekistan. Remote account opening availability varies by institution.
| Institution | Type | Ease for Non-Residents | Notes |
|---|---|---|---|
| Asaka Bank | Traditional bank | Low (Visit Required) | |
| National Bank of Uzbekistan (NBU) | Traditional bank | Low (Visit Required) | |
| Ipoteka Bank | Traditional bank | Low (Visit Required) | |
| Kapitalbank | Traditional bank | Low (Visit Required) |
Regulatory requirements
Annual Compliance Matrix
| Requirement | Deadline | Details |
|---|---|---|
Annual company filing | Ongoing | File annual returns with Ministry of Justice (Minjust UZ) to maintain good standing. |
Corporate income tax return | Ongoing | Submit annual CIT return to State Tax Committee (STC). Rate: 12%. |
VAT filing | Ongoing | VAT-registered businesses file periodically. Rate: 15%. Verify threshold with State Tax Committee (STC). |
Accounting records | Ongoing | Maintain statutory books per Civil Law (Soviet tradition) requirements. |
Beneficial ownership disclosure | Ongoing | Verify current UBO requirements in Uzbekistan. |
Frequently Asked
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