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Foreign Company

To legally establish a business entity in Uzbekistan, a foreign investor must be involved in a joint venture with a local company or wholly-owned subsidiary company.  There is no special business form required for joint ventures although typically they take the form of a stock company or a limited liability company.

Even not a distinct organizational form, an enterprise with foreign ownership is regarded differently and more preferably, since the government favors major investments.  Foreign investors are protected from the “detrimental effects of subsequent legislation” for a period of ten years from the moment of investment.[1]  Foreign enterprises may be formed in any organizational form stipulated in Uzbek legislation, but in order to accord them a special regime they carry distinguishable tags att...