Nominee Director Services in Uzbekistan
Under Uzbekistan law, a company director must be a resident of Uzbekistan. If a foreign individual is appointed, they must hold a personal identification number for foreigners (PINFL), a local tax ID, and a valid work permit.
To streamline the company setup process and avoid the physical presence of the owner during incorporation and bank account opening, many businesses opt to appoint a Nominee Director.
A passive nominee director is a local individual designated solely to meet legal residency requirements. They do not engage in the company’s management, decision-making, or strategic planning. Instead, they act strictly on the instructions of the beneficial owner and are contractually prohibited from making independent decisions.
Although passive, the nominee director remains legally responsible for ensuring the company’s compliance with all applicable local laws and regulations.
Key features of our nominee director service include:
Limited role: No involvement in day-to-day operations or decision-making.
Legal compliance: Ensures the company meets local regulatory obligations.
One-year term: Appointed for a period of one year with a one-week notice required for termination or replacement.
Flexibility: Can be replaced by a permanent director or an active nominee director at any time.
The specific responsibilities, rights, and limitations of the nominee director are outlined in a detailed agreement between the beneficial owner and the nominee.