Registering a firm in Uzbekistan: a step-by-step guide for foreigners

Today, Uzbekistan’s economy is one of the fastest-growing in Central Asia. For foreign investors, launching a business in Tashkent has become significantly easier thanks to digitalization. However, to avoid bureaucratic pitfalls and unnecessary delays, it is essential to understand the current requirements for 2026. In this article, we will explain how to establish an LLC on a turnkey basis.

Why choose an LLC?

A Limited Liability Company (LLC) remains the most popular business structure. Its key advantage is that a founder’s liability is limited to their contribution to the charter capital. In 2026, the registration process is fully automated, minimizing the human factor and reducing corruption risks.

Stage 1: obtaining a PINFL (the most important step)

The first step for a foreign national is obtaining a Personal Identification Number of an Individual (PINFL). Without this 14-digit code, it is impossible to register a company, act as its director, or open a personal bank account.

Important clarification: Obtaining a PINFL is not the same as applying for citizenship. It is simply a digital registration of you within Uzbekistan’s state systems. You remain a citizen of your own country while receiving a “digital passport” for conducting business activities.

• Documents: A foreign passport and its notarized translation into Uzbek.
• Processing time: Issued within one business day at Public Service Centers (PSCs).

Stage 2: preparing documents and choosing a company name

Before submitting an application, you should determine the following:

• Company name: Prepare 2–3 options in Latin script. The system will automatically check their availability and uniqueness.
• Legal address: A lease agreement or a letter of guarantee from the property owner is required. In 2026, virtual office solutions are widely used for IT companies and consulting businesses.
• Charter capital: For most business activities, there is no minimum requirement (a symbolic amount such as $100 or 1,000,000 UZS may be specified).

Stage 3: state registration

The registration process is completed through the birdarcha.uz portal or by visiting a Public Service Center in person.

• Timeframe: From 30 minutes to several hours.
• Result: You receive a Registration Certificate and the Charter electronically with a QR code. These documents are legally valid and do not require paper copies.

Stage 4: opening a bank account and compliance

More than 30 commercial banks operate in Uzbekistan. For companies with foreign participation, opening a bank account includes mandatory compliance verification.

• Recommendation: For international currency transactions (SWIFT), it is advisable to choose large private banks with well-established compliance procedures.
• Documents required: Registration certificate, director’s PINFL, passport, and the decision appointing the director.
• Note: The bank may require the director’s personal presence for identity verification.

Visas for foreign investors and employees

• Investment visa (“V”): Issued for three years to investors who contribute significant capital (starting from $250,000–$300,000).
• IT Visa: Designed for IT Park residents, providing tax and social contribution benefits.
• Work visa (“E”): Required for hiring foreign specialists. The process includes confirmation of qualifications and obtaining approval from migration authorities.

Taxes in 2026: what you need to know

• Turnover tax: 4% — if annual revenue does not exceed 1 billion UZS.
• General taxation regime: If annual turnover exceeds 1 billion UZS, the company pays VAT (12%) and corporate income tax (15%).
• Dividend tax: 10% for foreign founders (may be reduced to 5% with a DTA treaty).

Customers who trusted us

Hasmammadov Asif Vahid oglu
ALL OIL LLC (Azerbaijan)
“The process of opening a company in Uzbekistan was faster than we expected. TuranBuh fully managed the entire process — from obtaining the PINFL to opening the bank account”.

Sayapin Mikhail Mikhailovich
PROM AUTOMATIKA
“The compliance process was the most challenging stage. TuranBuh specialists prepared all the documents properly and handled all communication with the bank”.

Kolupayev Artur Fedorovich
Imtara / Tasnim
“We experienced a professional approach to company registration, selection of the tax system, and setting up accounting and reporting”.

Sharapova Nodira Baxodir qizi
Lawyer at LLC “Lawpower”
“Legal precision is crucial during document preparation and company registration. Working with TuranBuh, we saw a structured and legally sound approach”.

How does TuranBuh help?

• Turn-key company registration
• PINFL registration
• Bank compliance support
• Tax regime optimization
• Full accounting services

Do you want to start your business safely in 2026?

• Company registration within 5–7 business days
• Bank account opening
• Proper tax regime selection
• Full support for foreign founders

The first consultation is free. Contact us today and receive a clear action plan within 24 hours.