The reliability of a business partner is one of the main conditions for a successful business

Therefore, based on the best practices of the British organization “Companies House”, an open platform for the all entrepreneurs has been launched as part of a joint project with the Embassy of the United Kingdom of Great Britain and Northern Ireland. As a result, investors and other business entities have the opportunity to get the necessary information about a future business partner online. Information is available on the name of the company, the date of registration, the size of the authorized capital, as well as names of the founders. It should be noted that now the platform has a global search function for various criteria (by name, location, type of activity, etc.).

Verification of a business partner will help to ensure its integrity and professionalism, thereby allowing entrepreneurs to avoid the risks of fraud and losses.

Soon, information on registered obligations, arrest or other restrictions, leasing obligations will be available on my.gov.uz portal. Today, the Public Services Agency under the Ministry of Justice of the Republic of Uzbekistan has launched the necessary processes for the speedy implementation of these tasks.

It should also be noted that the mandatory requirements for the size of the authorized capital of a legal entity were canceled. This suggests that now the size of the authorized capital can be limited only by licensing requirements.

The current political situation in the country gives good chances for accelerated development of business and entrepreneurship, successful investment in long-term investment projects. For this purpose, entrepreneurs are provided with the necessary benefits and preferences for the effective conduct of business. Administrative processes are simplified.

The most important reforms already implemented aimed at developing entrepreneurship in Uzbekistan are listed above. The work of the Public Services Agency in creating the most comfortable environment for creating and running a business in continued to be held.

“Dunyo” IA

(based on the information provided by the Public Services Agency under The Ministry of Justice of the Republic of Uzbekistan)