A Foreign Enterprise LLC (FE LLC) is a Limited Liability Company wholly owned by foreign investors, offering 100% ownership and complete control over business operations. This structure eliminates risks associated with joint ventures and is ideal for investors seeking full managerial autonomy.
Standard Requirement: 400 million UZS ( approx. USD 32,000.00 depending on exchange rate )
In Karakalpakstan or Khorezm: 200 million UZS
The capital must be fully paid within one year of company registration.
Foreign nationals may serve as company directors without a work permit for the first three months after registration. However, only resident directors can act as authorized bank signatories. A work permit is mandatory for foreign directors to hold banking authority, and they must be physically present to open the account.
NOTE : We recommend using our Axvericon Nominee Director Service to simplify this process.
Annual Audit: All companies must submit audited financial statements by March 31st.
Corporate Tax: 15%
VAT: 12%
Losses: Can be carried forward for up to 5 years, limited to 50% of annual taxable income
Withholding Tax: 10% on dividends and interest paid to non-residents (reduced under Double Taxation Treaties – Uzbekistan has 50 DTAs)
Tax Filing Deadline: Within 3 months after the end of the tax year
Late Payment Penalty: 1% daily, up to 10% of the total due
Personal Income Tax: Progressive (8%–22%). Capital gains on private property sales are tax-exempt.
Tax Residency: Individuals present in Uzbekistan for 183+ days/year are considered tax residents.
Audit Exemptions: Often available for qualifying companies.
While a company secretary is not legally required, we recommend appointing one to ensure full compliance with the Uzbek corporate regulations.
Closing a company takes at least 6 months and requires:
Appointment of a resident company secretary
Maintenance of a registered legal address
To register an FE LLC in Uzbekistan, you will need:
Completed registration application
Founding documents (if multiple founders)
Copy of the founder’s passport
Lease agreement for business premises
(Ask about our Virtual Office Service if needed)
Business license (if applicable)
Engagement & Planning
Client settles fees and signs our Engagement Letter
Axvericon creates a tailored project plan outlining every step
Name Reservation
Client provides proposed company name
We reserve the name with the Uzbekistan State Statistics Committee (valid for 2 months)
Office Lease
Client submits a lease agreement
Or,
use our Virtual Office Service
Axvericon prepares:
Online registration form
Shareholder agreement
Company charter
Company seal design
Documents sent to client for signature and notarization
Axvericon submits notarized/legalized documents and registration fee receipt to the Registrar
Company is officially incorporated upon approval
We assist in opening a corporate bank account
Required:
Company incorporation documents
IDs of directors/shareholders
Resident director must be the bank signatory and must visit the bank
We recommend using our Nominee Director Service to simplify this step
Bank sends account details and internet banking credentials
Client deposits initial share capital
Axvericon registers the company with the Tax Authority
Completion & Company Kit
Once registration is finalized, Axvericon ships a full company kit to the client, including:
Original corporate documents
Unopened bank correspondence
Axvericon provides comprehensive support from registration to operation. Our legal and administrative expertise ensures your FE LLC is set up smoothly and compliantly.
Contact us to get started or learn more about our Nominee Director and Virtual Office services.
The information provided on this website is for general guidance and informational purposes only. While we strive to ensure accuracy and keep content up to date, laws, regulations, and administrative procedures in Uzbekistan are subject to change. Axvericon does not accept any liability for errors, omissions, or any consequences arising from the use of this information. We strongly recommend consulting with our legal and tax advisors before making any business or investment decisions.
