| LLC | Free Zone Company | JSC | LLP | Branch | Rep. Office | |
|---|---|---|---|---|---|---|
| Company Setup Time | 20 days | 20 days | 20 days | 20 days | 30 days | 30 days |
| Bank Account Opening | 10 days | 10 days | 10 days | 10 days | 10 days | 10 days |
| Government Grants Available | Yes | Yes | Yes | Yes | No | No |
| Government Contracts Bidding | Yes | Yes | Yes | Yes | No | No |
| Limited Liability | Yes | Yes | Yes | Yes | No | No |
| Client Required to Travel | No | No | No | No | No | No |
| Inquiry | Inquiry | Inquiry | Inquiry | Inquiry | Inquiry |
Corporate Structure Explained
Limited Liability Company
- An LLC requires the appointment of one director and one shareholder. Where the director must be of the same country and the shareholder may be of any nationality.
- A minimum share capital of US$ 1,800 or 40 times the minimum wage is required by an LLC. If the initial share capital is more than US$ 400,000, the foreign-owned LLC is provided with tax privileges.
Joint Stock Company
- This entity can be incorporated with one non-resident shareholder. Whereas the minimum share capital required by a JSC is USD 400,000. The amount must be deposited within 1 year of the date of incorporation.
- When the client is planning to issue shares to the public, a JSC is preferred. It is possible for JSC to be listed in the stock exchange and to operate privately.
Representative office
- This entity is recommended for clients who do not wish to carry out direct income generation activities in Uzbekistan. This entity is required to appoint an authorized agent.
- If the representative office changes its status to “permanent establishment,” it is possible to conduct income-generating activities. The representative office in Uzbekistan must then be subject to corporate tax.