Registration of an IT Company and Obtaining IT Park Resident Status in Uzbekistan

The registration of an IT company and obtaining IT Park resident status in Uzbekistan is a process that allows IT companies to operate legally in the country and benefit from special privileges and incentives provided to IT Park residents. Ummeli Trust offers a full range of services for registering IT companies and assisting in obtaining IT Park resident status, ensuring quick and legal establishment of your business in Uzbekistan.

Legislative Framework

The process of registering IT companies and obtaining IT Park resident status is regulated by the Resolution of the Cabinet of Ministers of the Republic of Uzbekistan No. 589 dated July 15, 2019, “On the procedure for organizing the activities of the Technological Park of Software Products and Information Technologies.”

Key Steps for Registration and Obtaining Resident Status

1. Registration of an IT Company

1.1. Document Preparation:

• Founding documents: Articles of association, decision on establishment, and minutes of the founders’ meeting.
• Application for registration: Completed per Uzbekistan’s legal requirements.
• Proof of legal address: Lease agreement or ownership certificate for premises.
• Copies of passports of founders and managers.

1.2. Application Submission:

• Submission to government authorities: Documents are submitted to the Agency of Public Services under the Ministry of Justice of Uzbekistan.
• Submission methods: In person or through the online platform.

1.3. Payment of State Fee:

• Fee amount: Depends on the organizational and legal form of the company.

1.4. Obtaining the Registration Certificate:

• Processing time: Typically takes 1 to 3 working days.

2. Obtaining IT Park Resident Status

2.1. Company Requirements:

• Legal registration: The company must be registered as a legal entity in Uzbekistan.
• Type of activity: The company must engage in activities listed in the Resolution No. 589.
• Business plan: An economically viable business plan is required.

2.2. Application Submission:

• Online application: Submit through the official IT Park website.

2.3. Application Review:

• Review time: IT Park processes the application within 15 working days.

2.4. Obtaining Resident Status: Outcome: Upon approval, the company receives an IT Park resident certificate.

Benefits of IT Park Resident Status

• Tax Benefits: Exemption from corporate tax, social tax, property tax, and land tax.
• Reduced Personal Income Tax Rate: Personal income tax is set at 7.5%.
• Simplified Registration Process: Fast processing and minimal bureaucracy.