Market Entry via Joint Venture in Uzbekistan

An international oil and gas holding was preparing to enter the Uzbek services market through a joint venture with a local partner. The client needed an optimal entry structure, a tax-efficient route for profit repatriation, and a JV framework that safeguarded the foreign investor's interests. Local corporate, tax, and currency regulations required careful analysis before committing capital, and the shareholders' agreement had to address liability allocation, licensing support, pricing, choice of law, and dispute resolution. The client wanted a clear roadmap and a balanced governance design before signing with the local partner.

We delivered full-cycle support for the JV structuring and incorporation:

1. Regulatory analysis — reviewed Uzbek corporate, tax, and currency rules and mapped them against the client's entry model and profit repatriation goals.
2. Entry structure — recommended a local subsidiary as the vehicle for JV participation, balancing tax efficiency with investor protection.
3. Negotiation support — joined discussions with the local partner to align commercial and legal terms before drafting.
4. JV documentation — drafted the JV charter and shareholders' agreement, including liability allocation, licensing support, pricing rules, choice of law, and dispute resolution mechanisms.