OOO (Limited Liability Company) — most common vehicle

The OOO (limited liability company) is the most commonly used investment vehicle for foreign investors in Uzbekistan. Governed by the Law on Companies with Limited and Additional Liability No. 310-I dated 6 December 2001. Key features: limited liability, flexible governance, lower compliance burden than a JSC, and straightforward registration. Minimum charter capital for EFI status: 400 million UZS with at least 15% foreign participation. Bond Stone recommends the OOO for most inbound investment mandates requiring an Uzbek operating entity.

JSC (Joint-Stock Company)

The JSC (joint-stock company) is required for: financial institutions, companies with a large number of shareholders, and companies intending to list on the Tashkent Stock Exchange. Governed by the Law on Joint-Stock Companies No. 223-I dated 26 April 1996. Higher compliance burden than an OOO — mandatory annual audit and securities regulator oversight. Bond Stone advises on JSC formation for regulated financial institutions and privatised state enterprises being converted to JSC form.

SEZ resident entity

Entities registered as residents of one of Uzbekistan’s 28 Special Economic Zones or 389 Small Industrial Zones operate under a specific legal and tax framework — with CIT exemptions, VAT exemptions, customs duty relief, and simplified administrative procedures. The entity form (OOO or JSC) is chosen based on activity and governance requirements — the SEZ resident status is then applied on top. Bond Stone advises on SEZ eligibility, application, and the interaction between SEZ status and EFI status.

IT Tech Park resident

The Uzbekistan IT Tech Park — established by Presidential Decree No. UP-5099 dated 30 June 2017 — provides a specialised framework for IT companies with income tax exemption until 2028 (extendable), VAT exemption, social tax exemption, and simplified work permit procedures for foreign IT specialists. Bond Stone advises on IT Tech Park eligibility criteria and registration.

TIFC entity — emerging English law option

The Tashkent International Financial Centre (established March 2026) will enable entities incorporated under English common law within the TIFC territory — with access to TFSA regulation and TICC dispute resolution. Bond Stone is monitoring the TIFC entity framework as implementing regulations are published and is positioning clients for TIFC entry ahead of the framework becoming fully operational.

100% OOO Formation — Chinese Manufacturer

Investment Vehicles · Uzbekistan · China

Advising a Chinese manufacturer on forming a 100% foreign-owned OOO in Uzbekistan — charter capital structuring to qualify for EFI status, governance arrangements, director appointment, and Single Window registration.

SEZ OOO — Manufacturing Investor

Investment Vehicles · Uzbekistan · SEZ

Advising a foreign manufacturer on establishing an OOO with SEZ resident status in Uzbekistan — SEZ eligibility assessment, OOO formation, SEZ application, and EFI status registration.

IT Tech Park — Foreign IT Company

Investment Vehicles · Uzbekistan · Technology

Advising a foreign IT company on IT Tech Park residency — eligibility assessment, entity formation, income tax exemption scope, and work permit advisory for foreign IT specialists.

JSC Formation — Financial Services

Investment Vehicles · Uzbekistan · Financial Services

Advising on JSC formation for a foreign financial services company entering Uzbekistan — minimum capital requirements, supervisory board structure, and regulatory licensing coordination.

Vehicle Comparison — Market Entry

Investment Vehicles · Uzbekistan · Advisory

Advising a Gulf investor comparing OOO, SEZ entity, and IT Tech Park residency for a planned Uzbek investment — comparative analysis of governance, EFI status, tax incentives, and exit strategy.

TIFC Positioning Advisory

Investment Vehicles · Uzbekistan · TIFC

Advising a foreign financial services investor on the emerging TIFC entity framework — monitoring implementing regulations, assessing TIFC vs OOO structuring options, and preparing for TIFC entry.