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UZBEKISTAN: Entrepreneurs can registered their business online

posted onJune 23, 2017
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Business registration in Uzbekistan has been simplified with the launch of a unique national automated system. Applicants can register online and obtain a certificate of state registration within 30 minutes. According to the Chamber of Commerce and Industry of Uzbekistan, within one month from the launch of the new system, more than 1,000 legal entities and more than 1,200 individual entrepreneurs were registered online.

The online registration service for a legal entity was more in demand among applicants in the city of Tashkent, in the Tashkent and Jizzakh regions. To register as an individual entrepreneur more online applications were submitted by entrepreneurs from the Tashkent region, the city of Tashkent and the Namangan region. At the same time, 92.4% of the applicants preferred online registration to registering via “single window” centers in person.

It should be noted that the introduction of the new system has reduced the number of submitted documents for the registration of legal entities from 6 to 2(only application form and the company’s constituent documents are required -except for merger, spin-off and splitting the company, where applicants are required to submit scans of transfer of assets or split balance sheet-). To register as an individual entrepreneur, an applicant needs to submit only an application form, instead of a set of seven documents, which was the case before.

The new system, which has significantly reduced the number of procedures, time and financial costs, was developed by the Ministry for the Development of Information Technologies and Communications, the Ministry of Justice, the Ministry of Economy, the Chamber of Commerce and Industry of Uzbekistan, the State Tax Committee, the State Statistics Committee, the Central Bank, the Electronic Government Center, and the UNDP.

UNDP’s “Business Forum of Uzbekistan – Phase III” project aims to improve the business environment by introducing online services, improving regulatory frameworks, and developing and promoting inclusive business models.