Business in Uzbekistan. Entering the Uzbek market

Our services

Save your business tens of thousands of dollars
when entering the Uzbek market

Save your business tens of thousands of dollars
when entering the Uzbek market

Learn more about our services Learn more about our services

Market research

We will provide competitor data, conduct an analysis of potential customers, and deliver in-depth industry analytics. This will help you understand the conditions you’ll be operating in and prepare for the specifics of the local market.

Market research

Business plan & strategies

We will prepare a detailed business plan for entering the Uzbek market, taking into account economic realities, cultural specifics, and your goals. The plan will cover all key sections, including a marketing strategy and financial projections, enabling you to confidently grow your project.

Business plan & strategies

Business setup consultation

We will provide specific recommendations for launching and growing your business in Uzbekistan. We’ll help you gain a deeper understanding of your target audience, study key competitors, and take local realities into account. You will receive practical guidance to reduce risks and speed up adaptation.

Business setup consultation

Positioning strategies

We will create a detailed profile of your target audience in Uzbekistan, identifying their needs and key market trends. Based on this analysis, we will develop a positioning strategy that will help increase sales and establish a strong presence in the market.

Positioning strategies

General information

Population
33 469 203 people
Official language
Uzbek
Main religion
Islam
Currency
Uzbekistani som (UZS)
Time zone
UTC+5

Economy of Uzbekistan

GDP per capita
2281 USD
Economic growth
5,1%
Unemployment
4,8%
Inflation
9,1%
Investment inflow
2,7 billion USD

Business in Uzbekistan

Popular type of legal entity
Limited liability company (LLC)
Minimum number of shareholders
1
Company registration period
5 days
Minimum share capital
37.6 million som (approximately 3,500 USD)
Restrictions for foreigners on starting a business
Yes, foreign investors must obtain government approval
A local director is required?
No
Corporate tax
15%
VAT
15%

Advantages and disadvantages

Advantages
strategic location along the Silk Road, government incentives for foreign investors, and growth potential across various sectors including agriculture, energy, and tourism
Disadvantages
challenges include corruption, political and economic instability, limited access to financing, complex bureaucratic procedures, language barriers, and a shortage of skilled labor