Tajikistan is an ideal location for entrepreneurs looking to start a business. The country has a growing economy and a business-friendly setting that makes it easy to start and operate a thriving enterprise. The state has enforced policies that promote private sector growth, and the country’s strategic site makes it an attractive destination for investors.
Starting a business in the country comes with numerous benefits. The country has a young and educated workforce, which makes it easy to find skilled labor. Furthermore, the cost of living in Tajikistan is low, which means that firms can operate at a lower cost compared to other countries. Learn more about starting and registering a company in the country in the sections below.
Steps of registration
Company registration involves essential steps that must be followed to ensure a successful filing process.
Name Registration
The first step is to obtain a corporate name clearance certificate from the Ministry of Justice. To file the name, you must choose a unique name for the business that is not already registered in the country. Once a name has been selected, the corporate owner must apply to the Ministry of Justice, along with the necessary documents and fees.
The application process typically takes around two weeks to complete, after which the corporate owner will receive a certificate of registration.
Obtain tax ID
To register a corporation in Tajikistan, it is necessary to obtain a tax identification number. This number is issued by the State Tax Committee and is required for all businesses operating within the country. To obtain a tax identification number, one must submit an application to the State Tax Committee along with the necessary documentation, including proof of filing and identification documents. Once the application is processed, the tax identification number will be issued and the business can proceed with registration.
Register the business with the ministry of economic development
The third step is to file the syndicate with the Ministry of Economic Development and Trade. This filing process involves submitting the company’s articles of association, corporate plan, and other relevant documents. Once the filing is complete, the corporation will receive a filing certificate.
Register with insurance and statistic agencies
In Tajikistan, registering an enterprise with the social insurance fund and state statistic agency is mandatory. To register with the social insurance fund, businesses must provide proof of filing with the tax authority and submit an application form. Once approved, the firm will receive a social insurance fund certificate.
Similarly, you just enlist with a state statistic agency. Registration with the state, statistic agency requires the submission of an application form and proof of tax filing. Upon approval, the business will receive a statistical registration certificate.
Requirements for company registration
To register a firm, several requirements must be met. Firstly, the applicant must provide a completed application form, along with a copy of their passport and a certificate of good standing from their previous business. Additionally, a corporate plan must be submitted, outlining the nature of the company, its objectives, and projected financials.
Moreover, the applicant must file with the Chamber of Commerce and Industry. This registration requires payment of a fee and submission of the trade plan and other relevant documents. Once all these requirements are met, the corporation will be officially registered in Tajikistan.
Documents required
The following documents are required for firm filing in the country.
- Application form;
- Copy of the company charter;
- Proof of legal address of the company;
- Identification documents of all company founders;
- Tax registration certificate;
- Bank reference letter;
- Lease agreement or ownership documents for the company premises;
- Memorandum and articles of association;
- Payment of fee; and
- Corporate plan outlining company activities and financial projections.
Fees required
When registering a company in Tajikistan, there are several fees and capital requirements to keep in mind. The minimum capital required to file a limited liability company is 1000 Tajikistani Somoni or approximately 100 USD. Additionally, there is a filing fee of 150 Tajikistani Somoni, or approximately 15 USD. These fees must be paid to the State Service of Tajikistan.
Time required
In Tajikistan, the process of corporate setup typically takes around 15 days. This time frame includes the submission of all necessary documents and the completion of all required procedures. It is important to note that delays may occur if any mistakes are made in the application or if additional information is requested by the authorities.
To ensure a smooth filing process, it is recommended that all necessary documents are prepared in advance and that the application is submitted as soon as possible.
