Company liquidation in Uzbekistan
We will close your company through the registering body that holds it: the notice, the liquidator, the announcement on the register's own site, the claims period, the balance sheets and the final entry.
Creditor claims
Срок кредиторов
2 months at the least
не менее 2 месяцев
The whole procedure
Вся процедура
6 months at most
не более 6 месяцев
The announcement
Объявление
on the register's site
на сайте реестра
Dormant regime
Бездействие
1 year to come back
1 год на возврат
When you need company liquidation in Uzbekistan
The register is already watching
A company that never opened a bank account, or opened one and then showed no receipts and no invoices, is reported to the register by the tax authority.
The whole closing fits 6 months
Voluntary liquidation of a company must not run longer than 6 months from the day the registering body receives the notice of it.
The liquidator takes over the company
From the moment the liquidator is appointed, the powers to run the company pass to them, and it is the liquidator who appears for it in court.
Exclusion is not the same closing
The register can put a dormant company on a one-year clock and then strike it out. That route has no liquidator, no claims period and no closing balance sheet.
Wages are paid before anything
Claims from employment, alimony and author's fees stand in the first line, together with compensation for harm to life and health.
What you get
- The notice filed and the register updated
- A liquidator or a commission appointed
- The public announcement and the claims period
- The interim and the closing balance sheets approved
- The entry that ends the company's existence
What is required to close an Uzbek company
In Uzbekistan the registering body is inside the procedure rather than at the end of it. You notify it, it publishes the announcement on its own site, and the same body makes the entry that ends the company.
Everything else we handle there is listed on the Uzbekistan page. If the company should live on somewhere else instead of ending, that job is redomiciliation.
What must exist before the notice
- A decision of the founders or of the authorised body to liquidate, with the order and the term of the procedure fixed in it.
- A written notice to the registering body, sent at once: the register then shows the company as being in liquidation.
- A liquidator named in that decision — either a commission or one individual.
- Accounts in a state where an interim balance sheet can be drawn: the property, the claims presented and what was decided on each of them.
- Tax matters clean, or the audit accepted: a company that has traded is not exempt from the check of its business.
How the ending actually happens
The owners close it
The founders decide, the liquidator runs the settlements, and the whole procedure has to fit inside 6 months from the notice.
The register takes it out
A company found not to be trading goes into a dormant regime for a year and is removed from the state register if it does not come back.
The property does not cover the claims
Where the money is short, the liquidator sells the property at public auction in the order used for enforcing court judgments.
The periods that actually bind
- The announcement of a voluntary liquidation is placed by the registering body on its official website, so no newspaper notice is needed.
- It states how and by when creditors present claims, and that period cannot be shorter than 2 months from the publication.
- Known creditors are also written to individually, and receivables are collected in during the same period.
- Payments to creditors start from the day the interim balance sheet is approved and follow the order of priority set by the code.
- A company that never traded and owes no tax is not put through a check of its business at all.
When the company is finally gone
Liquidation counts as finished, and the company as having ceased to exist, only after the entry is made in the unified state register. Until that entry the company is alive, still in the register, and still someone's obligation.
Sources: the notice to the registering body, the liquidator's powers, the announcement, the 2-month claims period, the balance sheets and the final entry — articles 54, 55 and 56 of the Civil Code; the 6-month limit, the announcement on the register's site and the dormant regime — paragraph 2 of Presidential Decree UP-5739; the detailed order — Cabinet Resolution 704.
Stages of work
Reading the company against the register
We check what the register and the tax authority already see: accounts, invoices, turnover. A company that looks dormant to them is on a different track from one that traded and stopped.
The decision, the term and the liquidator
The founders adopt the decision, fix the order and the term inside it and appoint the liquidator. From that appointment the liquidator runs the company and speaks for it.
The notice that starts the count
The registering body is told in writing at once, and the register begins to show the company as being liquidated. The 6-month limit runs from the day that notice arrives.
The announcement and the claims after it
The announcement goes up on the registering body's site, known creditors are written to, and claims arrive for at least 2 months while receivables are collected in.
The interim balance sheet
The liquidator sets out the property, the claims presented and what was decided on each. The founders approve it, and only from that day do payments to creditors begin.
Settlements in the order the code sets
Employment claims, alimony and author's fees go first, with compensation for harm to life and health. What is left after the creditors is passed to the founders.
The closing balance sheet and the entry
The closing balance sheet is approved, the entry is made in the unified state register, and the documents go into keeping. That entry is the moment the company ceases to exist.
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