RESOLUTION OF THE MINISTRY OF FOREIGN ECONOMIC RELATIONS, INVESTMENTS AND TRADES OF THE REPUBLIC OF UZBEKISTAN, MINISTRY OF ECONOMICS OF THE REPUBLIC OF UZBEKISTAN, MINISTRY OF FOREIGN AFFAIRS OF THE REPUBLIC OF UZBEKISTAN, STATE TAX COMMITTEE OF THE REPUBLIC OF UZBEKISTAN AND STATE CUSTOMS COMMITTEE OF THE REPUBLIC OF UZBEKISTAN

of March 27, 2013 No. No. 9, 24, 12, 2013-22, 01-02/19-28

About approval of the Regulations on the notification procedure about creation by legal entities of the Republic of Uzbekistan of the organizations abroad or about equity in their authorized funds (capitals)

In pursuance of the Law of the Republic of Uzbekistan "About foreign economic activity" (Sheets of Oliy Majlis of the Republic of Uzbekistan, 2000 No. 5-6, of the Art. 148), the Presidential decree of the Republic of Uzbekistan of June 2, 2000 No. UP-2612 "About Measures for Program Implementation for Liberalization and Deepening of Reforms in Political, Economic and Spiritual Spheres of Society, to Safety of the Country" and resolutions of the Cabinet of Ministers of the Republic of Uzbekistan of August 9, 2005 No. 189 "About approval of the Regulations on procedure for customs clearance of the goods which are exported by business entities of the Republic of Uzbekistan through the trading houses, representations, the companies created by them in foreign countries and also through trade investment houses of Chamber of Commerce and Industry of the Republic of Uzbekistan in foreign countries" (Collection of the legislation of the Republic of Uzbekistan, 2005 No. No. 32-33, of the Art. 246) the Ministry of external commercial relations, investments and trade, the Ministry of Economics, the Ministry of Foreign Affairs, the State Tax Committee and the State Customs Committee of the Republic of Uzbekistan decide:

1. Approve Regulations on the notification procedure on creation by legal entities of the Republic of Uzbekistan of the organizations abroad or about equity in their authorized funds (capitals) according to appendix.

2. This resolution becomes effective from the date of its official publication.

Appendix

to the Resolution of the Ministry of Foreign Economic Relations, Investments and Trades, Ministry of Economics, Ministry of Foreign Affairs, State Tax Committee and State Customs Committee of the Republic of Uzbekistan of March 27, 2013 No. No. 9, 24, 12, 2013-22, 01-02/19-28

Regulations on the notification procedure on creation by legal entities of the Republic of Uzbekistan of the organizations abroad or about equity in their authorized funds (capitals)

 This  Provision      according to  the Law of the Republic of Uzbekistan "About foreign economic activity" (Sheets of Oliy Majlis of the Republic of Uzbekistan,  2000 No. 5-6, of the Art. 148), the Presidential decree of the Republic of Uzbekistan of    June 2, 2000             No. UP-2612 "About Measures for Program Implementation for Liberalization and Deepening of Reforms in Political, Economic and Spiritual Spheres of Society, to Safety of the Country" and the Resolution  of the Cabinet of Ministers  of the Republic of Uzbekistan of August 9, 2005 No. 189 "About approval of the Regulations on procedure for customs clearance of the goods  which are exported by business  entities  of the Republic of Uzbekistan through the trading houses, representations, the companies created by them in foreign countries  and also through trade investment houses of Chamber of Commerce and Industry of the Republic of Uzbekistan in foreign countries" (Collection of the legislation of the Republic of Uzbekistan, 2005, Art. No. 32-33, 246) determines  the notification procedure about creation by legal  entities of the Republic of Uzbekistan of the organizations abroad or about equity in their authorized funds (capitals).

Chapter 1. General provisions

1. In this Provision the following basic concepts are applied:

the organization abroad - the organization, including the trading house, representation, branch founded in foreign countries as the legal entity or in any other form, the stipulated by the legislation country of organization;

the founder - the legal entity registered in the Republic of Uzbekistan;

creation of the organization abroad - creation by the founder of the organization abroad or equity in authorized capital (capital) of the organization abroad;

authorized body - the Ministry of Foreign Economic Relations, Investments and Trades of the Republic of Uzbekistan.

2. Founders for the purpose of expansion of external commercial relations have the right to create the organizations abroad according to the legislation of the country of creation and the Republic of Uzbekistan.

3. Founders create the organizations abroad for the decision of governing body of the founder which competence, according to constituent documents, includes the decision on creation of the organization abroad.

At the same time the founder when forming the share in authorized capital (capital) of the organization abroad goods draws up commodity exportation on account of forming of the share in authorized capital (capital) of the organization abroad under customs regime "temporary export" (feature of movement of goods is specified as "commodity exportation as investments") with submission to customs authorities of the decision on creation of the organization abroad.

4. The founder makes state registration of the organization abroad in registering body of the country of creation according to the legislation of the country of creation.

Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info