Tentmaker Reports

Uzbekistan Report

Entrepreneurial Missions Index


General Information


28,160,361 (45th most populous country in the world)

Eastern Orthodox9%


Textiles, food processing, machine building, metallurgy, gold, petroleum, natural gas, chemicals

Unless otherwise noted, all information included here was obtained from the World Factbook project 4, conducted by the Central Intelligence Agency (CIA). For more detailed information about Uzbekistan, visit https://www.cia.gov/library/publications/the-world-factbook/geos/uz.html.

Business Information

The World Bank ranks Uzbekistan as 164 out of 183 economies in terms of ease of doing business. The country ranks as 0 (of 183) in terms of ease of starting a business.

It requires 0 procedures, takes 0 days, and costs N/A% of income per capita to start a business in Uzbekistan.

In order to start a business in Uzbekistan, one must follow these procedures:

  1. Notarize company’s articles of association and signatures
  2. Obtain approval of company’s bylaws from the Auditoria Interna de la nacion
  3. Register with the National Registry of Commerce
  4. Publish summary in the official Gazette
  5. Publish summary in one local newspaper
  6. Notary Public picks up application forms at the Tax Administration and certifies the form after it is signed by founders
  7. Registration with the Tax Administration and the Social Security Bank
  8. Declaration of Board of Directors information with the Registry of Commerce
  9. Purchase the labor book from the bookstore
  10. Purchase the working act and register payroll at the Ministry of Labor (MTSS)
  11. File for workplace accident insurance of employees with the State Insurance Bank

Unless otherwise noted, all information included here was obtained from the Doing Business project 3, conducted by the World Bank. For more detailed information about starting a business in Uzbekistan, visit http://www.doingbusiness.org/.



Uzbekistan Economic Freedom

The annual survey Economic Freedom of the World is an indicator produced by the Fraser Institute, a libertarian think tank which attempts to measure the degree of economic freedom in the world's nations. Economic Freedom of the World index has been more widely used than any other measure of economic freedom, because of its coverage of a longer time period

Their measure of economic freedom is based on that the following standards:

  • Personal choice rather than collective choice,
  • Voluntary exchange coordinated by markets rather than allocation via the political process,
  • Freedom to enter and compete in markets, and
  • Protection of persons and their property from aggression by others.

A state will rate high when it focuses on protection of people and their property from the actions of aggressors, enforcement of contracts, and provision of the limited set of public goods like roads, flood control projects, and money of stable value and little else, but a country’s rating on the EFW summary index will fall as government expenditures increase and regulations expand.   


Uzbekistan Summary


1 World Economic Forum

2 Free the World
Gwartney, James and Robert Lawson with Herbert Grubel, Jakob de Haan, Jan-Egbert Sturm, and Eelco Zandberg (2009). Economic Freedom of the World: 2009 Annual Report. Vancouver, BC: The Fraser Institute. Data retrieved from www.freetheworld.com.

3 World Bank Data

4 World Factbook Project

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