There is no single-figure answer
"What is the minimum charter capital for an Uzbek LLC?" Any confident single figure is wrong for some readers. So is "there isn't one".
The answer branches, and the branch that matters most is the one for foreign founders. So this article starts at the branch rather than at a number.
1. The general rule: there is no general minimum
OʻRQ-1137 art. 15: a minimum charter fund may be set in licensing requirements. The statute itself sets no minimum — it says one may exist, and ties it to the activity rather than to the form.
In plain terms: for an ordinary MChJ with local founders carrying on unlicensed activity, the law prescribes no floor. The charter fund is what the founders write into the charter, made up of the nominal values of the participants' shares.
The date matters: this is the new law, OʻRQ-1137, in force from 22 July 2026. In the repealed act the rule sat in article 14. Any source citing "art. 14" is citing repealed law.
2. The branch that matters: foreign participation
Annex 11 to Cabinet Res. 66 (edition of Res. 165 of 28.03.2024) sets minimum charter fund requirements:
| Who | Minimum charter fund |
|---|---|
| Enterprises with foreign investment | 400m soʻm |
| Such enterprises newly established in Karakalpakstan or Khorezm | 200m soʻm |
| Full partnership | 50× BHM |
The table has no row for an ordinary MChJ — the same answer article 15 gives, arrived at from the other direction.
Who this catches. OʻRQ-598 art. 3: an enterprise with foreign investment is one where foreign investment makes up at least 15% of the shares, participation interests or charter fund. A foreign citizen holding Uzbek resident status counts as a local investor, so their contribution does not count toward the 15%.
What happens if you get it wrong. Para. 40 of Res. 66 makes a charter fund below the Annex 11 figure a ground for refusing registration, and para. 41 adds a mismatch between the declared foreign share and what legislation requires.
And afterwards. OʻRQ-598 art. 56: an enterprise with foreign investment that fails to form its charter fund on time may reduce it to what was actually contributed, but not below the statutory minimum — otherwise it converts to another legal form.
Both true statements have to sit next to each other:
- There is no general minimum charter capital for an Uzbek LLC.
- A company with 15% or more foreign investment must have a charter fund of at least 400m soʻm (200m in Karakalpakstan and Khorezm).
Either one on its own misleads.
3. Licensed activities
Article 15 points at licensing requirements, and the note to Annex 11 says the same: where a business subject carries on a licensed activity, the minimum charter fund must comply with the requirements set for that activity by legislative acts.
One sector rule is in the LLC law itself: a company registering as a credit organisation must have each participant contribute at least 30% of their share before registration (art. 15).
Figures for banking, insurance and other licensed activities are deliberately not stated here: they were not taken from a checked source. Get the figure for your sector from the sector legislation or the licensing authority — this is precisely where secondary sites go wrong most often.
4. The unit, and the date
Two of the figures above are expressed in BHM rather than soʻm: the 10,000× BHM appraisal threshold (art. 15) and the 50× BHM for a full partnership (Annex 11). BHM is reset by presidential decree:
| Value | Set by | In force from |
|---|---|---|
| 412,000 soʻm | PF-91 of 02.06.2025 | 1 August 2025 — the operative value as at 7 August 2026 |
| 440,000 soʻm | PF-115 of 23.06.2026 | 1 September 2026 |
So the appraisal threshold is 4.12bn soʻm today and 4.4bn from 1 September; 50× BHM is 20.6m soʻm today and 22m from the same date.
The distinction matters: the 400m soʻm minimum is a fixed sum, not indexed to BHM. It does not move when BHM moves; it moves when Annex 11 is amended, which last happened on 28.03.2024. Both kinds of figure appear in this article, and it is worth knowing which is which.
5. Contributions in kind
Article 16 defines contributions broadly: money, securities, other things or property rights, or any other transferable right with a monetary value — including a right to use property for a term.
There are two controls, not one:
- Unanimity. The monetary valuation of a non-cash contribution is approved by a general-meeting decision taken unanimously by all participants (art. 16).
- Independent appraisal above a threshold. Article 15: a non-cash contribution worth more than 10,000× BHM must be valued by an appraisal organisation and may not be booked above the appraised value.
If a use-right ends early (art. 16): the participant who gave it must, on the company's demand, pay monetary compensation equal to the payment for using such property for the remaining term — within one month, unless the general meeting or the founding documents set another order. That participant's vote is not counted in the decision.
6. The deadline, and what missing it costs
The deadline. Each participant must contribute in full within one year of the company's state registration (art. 15). For a company registering as a credit organisation, at least 30% of each participant's contribution must be in before registration.
The consequence (art. 23) is not a fine:
- the defaulting participant's share passes to the company;
- the company must pay them the actual value of the part proportional to what they did contribute, or with their consent hand over property of equivalent value;
- the charter may soften this so that only the proportion corresponding to the unpaid part passes;
- payment is due within one year of the share passing;
- it comes out of the difference between net assets and the charter fund — and if that difference is insufficient, the company must reduce its charter fund by the shortfall.
What that means in practice: a founder who does not pay in loses their stake and becomes a creditor of the company for its value — and the company may be forced to shrink its charter fund to pay them out. That second-order effect is the part nobody expects, and it is why "we'll declare a large charter fund and pay it in later" is a poor plan.
For an enterprise with foreign investment that shrinking has a floor: OʻRQ-598 art. 56 — not below the statutory minimum, or convert to another form.
7. When each of these rules last moved
| Rule | Instrument | Date |
|---|---|---|
| No general minimum; the one-year deadline; the 10,000× BHM appraisal threshold | OʻRQ-1137, art. 15 | In force 22 July 2026 — an entirely new law; the article number moved from 14 to 15 |
| 400m / 200m soʻm for enterprises with foreign investment | Res. 66, Annex 11 (edition of Res. 165) | 28.03.2024 |
| The 15% definition | OʻRQ-598, art. 3 | law's latest edition 25.07.2026 |
| BHM | PF-115 | changes 1 September 2026 |
Two of the four moved within weeks of this text being prepared. That is the strongest argument there is for checking the date on a source.
Instead of a conclusion
If one thing survives from this article, let it not be a number. The answer depends on who you are and when you asked: re-check every amount against the source before you register. The registration procedure and the full treatment of the 15% test are in separate articles.