Uzbekistan, Tashkent, May 21 / Trend, D. Azizov /
The Uzbek Ministry of Foreign Economic Relations, Investment and Trade, the Ministry of Economic Affairs, the Foreign Ministry, the State Taxation Committee and the State Customs Committee approved a joint resolution. According to it, legal entities must notify the Uzbek Ministry of Foreign Economic Relations, Investment and Trade about establishing organizations abroad or equity participation in their authorized funds (capital).
According to the resolution, legal entities registered in Uzbekistan, are entitled to form organizations abroad in accordance with the legislation of the country and in coordination with the Uzbek State Committee on Privatization, De-monopolization and Competition.
Organization managers make the decision to operate abroad.
After the state registration of the organization abroad, a founder must notify the Uzbek Ministry of Foreign Economic Relations, Investment and Trade within a month by submitting the founding documents, legalized in the established order.
The Uzbek Ministry of Foreign Economic Relations, Investment and Trade must quarterly submit a list of managers to the Ministry of Economic Affairs, the State Taxation Committee and State Customs Committee. After receiving this information, the state customs bodies re-formalize the goods. After this procedure, shareholders are exempted from the obligations to return these goods.
While amending the constituent documents, reorganizing or liquidating the company abroad, as well as while changing its management, including foreign to foreign management, a foreign manager of the organization must notify the Uzbek Ministry of Foreign Economic Relations, Investment and Trade by submitting the relevant documents within a month.
