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PRESIDENTIAL DECREE OF THE REPUBLIC OF UZBEKISTAN

of June 7, 2019 No. UP-5739

About measures for simplification of liquidation procedure of subjects of entrepreneurship

For the purpose of simplification of procedure for liquidation of subjects of entrepreneurship, cancellation of the excessive administrative restrictions promoting emergence of unreasonable expenses for subjects of entrepreneurship in the course of liquidation, further improvement of line items of the Republic of Uzbekistan in the world rankings and indexes on business and also in pursuance of the tasks determined in the State program by strategy implementation of actions in five priority directions of development of the Republic of Uzbekistan in 2017 - 2021 in "Year of active investments and social development":

1. Agree with proposals of the Comissioner for the President of the Republic of Uzbekistan on protection of the rights and legitimate interests of subjects of entrepreneurship, the State Tax Committee and the Ministry of Justice that since January 1, 2020:

the permanent territorial special commissions on liquidation of the companies which are not performing financial and economic activities and (or) did not create the authorized funds in the terms established by the legislation are abolished;

the procedure for liquidation of the subjects of entrepreneurship which did not create within one year from the date of state registration authorized funds in the sizes provided by constituent documents is cancelled;

electronic exchange of information between state bodies by reducing excessive documents and procedures in case of liquidation of subjects of entrepreneurship is entered.

2. Enter since January 1, 2020 procedure according to which:

a) in case of voluntary liquidation of subjects of entrepreneurship - legal entities (further - the companies):

publication in one or several periodic printing editions of the announcement of liquidation of the company is not required, at the same time the relevant data are posted on the official site of registering body;

financial and economic activities of the companies which were not performing financial and economic activities from the moment of state registration, not having tax debt are not subject to check;

the maximum frequency of conducting checks of financial and economic activities of the liquidated companies by bodies of the State Tax Service makes three years;

receipt of the available data on the company from authorized state bodies for check of its financial and economic activities is performed through the Automated system of state registration and registration of subjects of entrepreneurship (further - System);

aggregate term of voluntary liquidation of the company shall not exceed six months from the date of receipt by registering body of the notification on voluntary liquidation;

b) receipt of body of the State Tax Service by the applicant of the conclusion about absence of debt for taxes and other obligatory payments in case of suspension of operations of physical persons - subjects of entrepreneurship is not required;

c) in case of liquidation of the companies which are not performing financial and economic activities:

the term which is the basis for recognition of the company which is not performing financial and economic activities constitutes nine months;

on representation of body of the State Tax Service of the company, not performing financial and economic activities, are transferred by registering body to the idle mode for a period of three years;

the registering body excludes them from the Unified state register of subjects of entrepreneurship in case of not recovery of activities of the companies transferred to the idle mode within three years.

3. Determine that untimely, defective and doubtful ensuring introduction by the state bodies and other organizations connected to the System relevant to the information is considered violation of established procedure of rendering the state services.

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