News & Insights
News & Insights
Joint-Stock Companies in Uzbekistan
In accordance with art. 3 of the Law “On joint-stock companies and protection of shareholders’ rights” No. 370 dated 06.05.2014 a joint-stock company is a commercial organization whose statutory fund is divided into a certain number of shares certifying the rights of shareholders in relation to the company. The Company is a legal entity and owns the separate property, including property transferred to it in the statutory fund, accounted for on its balance sheet, can acquire and exercise property and personal non-property rights on its behalf, bear obligations, be a plaintiff, and the defendant in court.
Corporate LawTaxation of legal entities
There are two types of taxation regimes in Uzbek legislation: "general" and "simplified" taxation of legal entities. The following taxes are paid by legal entities that chose the "general" regime:
Tax lawProcedure for privatization of the land plots
With the adoption of the Resolution of Cabinet of Ministers “On implementation of the Law on the privatization of non-agricultural land plots” No. 71 dated 14.02.2022 a new Regulation on providing state services for privatization of land plots were introduced. Leges Advokat team hereby prepared a brief overview of the noteworthy aspects of the privatization procedure, which can be broadly exercised in a real-life case.
Land lawСhanges in tax regulation in Uzbekistan
With the adoption of the new Law No. ZRU-741 dated 29 December 2021 [ https://lex.uz/ru/docs/5800114 ]; notable changes were introduced to the Tax Code of the Republic of Uzbekistan, which ranges from amendments of the regulation on rental tax for mining, use of subsoil, tobacco and alcoholic products, the raise of taxable income of non-residents and taxes on dividends and other. Leges Advokat law firm has prepared the following legal update on the amendments made to the tax regulation in the Republic of Uzbekistan.
Tax LawLegal Alert on Changes of Business Regulation in Uzbekistan
January 2022 : Uzbekistan has started a new year with the introduction of changes into the regulation of pharmaceuticals, securities market, tourism, investment projects, transportation and other sectors. Leges Advokat law firm has prepared the following bulletin with updates on the business matters of the Republic of Uzbekistan.