SMP

TAKE A SEAT

Uzbekistan

Typical legal form for start-ups

obshestvo s ogranichennoy otvetstvennostyu (OOO)

Brief information

Uzbek start-ups usually choose the legal form of the OOO. It offers the advantages of low minimum share capital, simple corporate governance and taxation.

A PE/VC Fund may in principle participate in the Supervisory Board if it is established.

The OOO is directed by the management. In addition, a Supervisory Board may be established to monitor the management.

Other legal form

Aksiadorlik Kompaniyasi O'zbekistonda/Открытое акционерное общество (OAO)

Brief information

The legal form of the OAO is unusual in the start-up sector. A conversion into an OAO usually only takes place in preparation for an IPO or in specially regulated economic sectors.

A PE/VC Fund may in principle participate in a Supervisory Board.

The OAO must establish a mandatory Supervisory Board as a supervisory body in addition to the Management Board and the shareholders' meeting. The Supervisory Board monitors the Management Board.

The information in our toolbox provides managers of private equity or venture capital funds with an initial overview of certain framework conditions in the respective country. It does not provide advice on the law of any country, neither does it substitute such advice. Before taking over a board seat in a portfolio company, it is at all times necessary to seek expert advice. Our team is happy to assist you with all questions at any time.

In collaboration with: Kinstellar