representation

AND FOR YOUR INTENTIONS WE CALL FIRST 5 RULES FOR SUCCESSFUL SELECTION OF THE NECESSARY KEY... :

1. INFORMATION ABOUT THE COUNTRY, ITS HISTORY, CULTURE, CUSTOMS, LAWS AND ECONOMICS

Learn more about the country where you intend to start work, to find business partners, to invest using various Internet sources of international and Uzbek websites, not just from your embassies or foreign compatriots.

2. SEARCH THE UZBEK REPRESENTATIVE/PARTNER

Pay attention to the information about his previous work and positions, as at first this information will help you to learn about his education, knowledge of the system of his work, practical and professional experience, competence and availability of business contacts at various levels.

Knowledge of a foreign language is not an important factor in the choice of Uzbek partner to represent your interests or control of your business / company in Uzbekistan. You can always hire a manager and interpreter, and except simultaneous translation a number of other documents and correspondence to be translated into Uzbek, Russian, English, German, Chinese and other foreign languages will always be.

3. PARTICIPATION IN INTERNATIONAL TRADE FAIRS

The annual international exhibitions on various topics of the economy are conducting in Uzbekistan. These exhibitions were held by different exhibition companies and usefulness of participation of foreign companies is very high, not only in terms of providing its own stand with their products or equipment. At these exhibitions you can learn a lot about the host country, people, get to know their culture, traditions and make new business contacts with local businessmen, as well as with other foreign exhibitors.

4. LEGAL PRESENCE IN UZBEKISTAN

The first step to starting a business in the Republic is a choice of the status of the entrepreneur “i.e. the establishment of a legal entity”.

The most frequently asked questions of almost all who wish to start their business in Uzbekistan: "What is the most optimal form of organization?", "Which is better and more profitable: opening accredited foreign representative, branch or subsidiary company?", "May be is it better and more solid to establish “foreign company?”. And plenty of other consequential issues.

Sure, if you already have a local professional firm with the competent management as your authorized representative and business partner, in which case you will be able together to explore this issue, and then selecting a local law firm to establish a legal entity in Uzbekistan. This is the first model "Model №1" for the organization of business in Uzbekistan.

Any organizational model and the choice of forms of cooperation will be depended on groups of products, market segments and opportunities for foreign companies or foreign investor.

A very large number of transactions in international trade are carried out with the help of intermediaries. Intermediaries in foreign trade can be classified according to the amount of authority granted to them and, depending on their place in the market.

And the second model, which we offer, corresponds to the role of agents-representatives, i.e. the implementation business representative services of a foreign company in the territory of the Republic of Uzbekistan by a local company. Agent representative only represents the interests of the principal in a particular market at an agreed list of goods. He does not get the right to sign any contracts for foreign trade agent goods or on its own behalf or on behalf of the principal.

For the business organization form “Model №2” in Uzbekistan do not need a lot of time and procedures for the collection of documents for the creation of a legal entity in Uzbekistan. If you choose this model there is no need opening accredited foreign representative offices in Uzbekistan or other legal entity, as set forth above in the first model.

At the same time, we are well aware that, depending on the market segment, selecting a product and one of the kind of international commercial transactions (export, import, tolling ...) and in accordance with Uzbek legislation, we can not confirm that your path “Model № 2”.

Highly qualified and experienced local companies having the legal status in Uzbekistan are attracted to the role of agents and representatives.  

You can select a local firm as your authorized representative [agent] in Uzbekistan, to agree with him on terms of cooperation, financial support and other expenses, and after signing a contract with him for representation services, and then issue a notarized General Power of Attorney to represent your interests on the territory of the Republic of Uzbekistan. These procedures will take a little time to agree on terms of cooperation and the financial side only. Additionally, we will ask you to send a copy of the trade register of the registration of your company, information about your company, full details of your company and the bank, your bank's recommendation (in English).

After that, and after receiving your company formal proposal for the appointment of our company by your authorized representative, we will send you a copy of the standard agreement on the provision of representation services in Uzbekistan. As soon as we agree on all terms of cooperation we receive from you for signing up with foreign companies.

For your information all international contracts, agreements, agreements on local regulations are examined in the local government agencies or law firm, and a mandatory put on the account in a local bank, which opened a bank account at a local firm. International contracts if shipped or received goods pass the customs territory of Uzbekistan, including export and import, are registered In the customs authorities.

5. RESPECT THE LOCAL CULTURE, TRADITIONS AND UNDERSTANDING OF THE LOCAL MENTAILITY

You know very well that each country has its own laws, standards, rules and practices, including the organization of business and product promotion. It is important to understand this and be sure you need to know the important legal aspects to meet Uzbek legislation if your plans to work in Uzbekistan are sincere and long-term.