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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.

Fast Incorporations