Doing Business in Uzbekistan: a 2026 Starter Guide for Foreigners

Ivan Karataev

Managing Partner, BizReg

MBA, ACCA, CPA · ex-KPMG, ex-CFO of NYSE-listed companies · 20+ years in US & Uzbek business

Last updated 2026-06-15 · 7 min read

✓ Facts verified against primary sources (lex.uz, soliq.uz)

Last updated 2026-06-15 · 7 min read · ✓ Facts verified against primary sources (lex.uz, soliq.uz)

Over the past few years Uzbekistan has become one of the most convenient jurisdictions in the region for foreign business: clear registration procedures, preferential tax regimes, and legal access to international payments. Here is a practical, step-by-step overview for foreigners — grounded in primary sources.

Who registration in Uzbekistan suits

Most clients come to us for a legal "bridge" for international operations and settlements:

Business forms available to foreigners

A foreign founder — an individual or a company — usually chooses between two main formats.

Company registration, step by step

1. Name & check

   Choose a company name and verify its uniqueness in the registry.
2. Founding documents

   Prepare the charter and the resolution (minutes) of incorporation.
3. Legal address

   Secure a registered address — not a mass-registration address, to avoid questions from banks and authorities.
4. State registration

   File the documents to register the legal entity (remotely is possible).
5. Bank account

   Open a current account — usually requires an in-person visit by the founder or director.
6. Tax registration

   Register for tax and choose a suitable regime.

Documents you'll need

Legal address — why it matters

A company needs a legal address for registration. It's critical that it is not a "mass" address: tax authorities and banks treat mass-registration addresses with suspicion, which can delay account opening and reviews.

Bank account

After registration you open a current account. Most banks require an in-person visit by the founder or director. Plan the trip in advance — this is usually the longest stage.

Timeline and cost of launching

The entity registration itself is fast — with documents and a legal address ready, a company can realistically be opened in a couple of days. The bank account usually takes the longest: banks mostly require an in-person visit and check the documents. The cost consists of the state fee, document preparation and the legal address; the exact estimate depends on the form (LLC or foreign enterprise), the activity and whether you need IT Park. On a consultation we calculate a turnkey estimate up front, with no hidden fees.

What a turnkey launch usually includes: name check, charter and resolutions, a legal address (not a mass-registration one), filing for state registration, tax registration, and support when opening the account. This saves you from chasing offices and from document errors that can delay registration.

Taxes and IT Park benefits

Uzbekistan offers several tax regimes, and tech companies can obtain the preferential IT Park resident status with reduced rates.

Specific rates and thresholds are set by the Tax Code and updated annually — check current values on lex.uz and soliq.uz. We deliberately avoid quoting numbers that may go out of date: on a consultation we'll match the regime to your activity under the current law.

What you get in the end

After registration: what's next

Opening a company is half the job; then the regular work begins. A legal entity must keep accounting and tax records, file reporting on time and pay taxes under the chosen regime. For most foreign founders, outsourced accounting is more convenient: it's cheaper than an in-house accountant and removes the risk of penalties. It's also important to track regime thresholds and switch regime on time as turnover grows.

If you plan to hire, you'll need to formalize employment and pay payroll taxes, and a foreign director will need a work permit. We take these steps on — from accounting and reporting to HR and migration matters — so the company runs without penalties or delays.

Can you open a company remotely

Yes, most of the path can be done remotely: the name check, document preparation and filing can be handled without travelling. The main exception is the bank account: most banks require the founder or director to be present, so one trip is usually planned for that. We prepare the whole package in advance and choose a bank so the visit takes minimal time, handling the rest remotely.

Why entrepreneurs choose Uzbekistan

Common mistakes when starting

Frequently asked questions