Limited Liability Company
Activity of Limited Liability Company is regulated by the Law of the Republic of Uzbekistan “On limited and additional liability companies” (dated 06.12.2001 №310-II ) . This law also regulates the activities of the Company with additional liability, but in practice this legal form of business entities is used very rarely.
Basic requirements for Limited Liability Company:
Number of participants: from 1 to 50 (individuals / legal entities).
The size of authorized capital: not less than 40 times the minimum wage. Depending on the type of activity, separate requirement can be established by legislation for the minimum authorized capital.
Head (Director): shall be appointed by the general meeting of participants / only members of the Company.
Responsibility for obligations: for LLC - in the range of contributions made by participants in the authorized capital.
What documents and information you need to provide:
1) Firm name (up to 5 variants);
2) Number of participants (for individuals - a copy of passport and INN-certificate of taxpayer ID, for legal entities - a copy of State Registration Certificate);
3) Size of the authorized capital;
4) Size of the contribution and distribution of members' shares of a company;
5) Mailing address of a company;
6) Main activity;
7) Passport details and INN- taxpayer ID of appointed director (if necessary, the chief accountant’s too)
Registration services includes:
- consultancy on the registration and operation of the registered enterprise;
- registration of firm name and design sketches for seal;
- development of constitutional documents;
- preparation of decision (minutes) for establishment of company;
- delivery of documents to the registration authority;
- assistance in obtaining seal and angular stamp.
The following services are available for additional cost:
- support for opening a bank account;
- preparation of orders and employment contracts to executives;
- registration in tax authorities;
- translation of constitutional documents of legal entity into Russian / English language;
- development of rules and regulations on HR policy;
- development of employment contracts for staff;
- development of agreements on material liability of employees;
- development of draft agreements for activities.