How does a foreign-owned company open a bank account in Uzbekistan?

The registration act clears two things out of the way and leaves the rest to the bank. It requires no original or copy of the registration certificate or founding documents to open an account — the bank reads the register — and it provides that the signature-specimen forms and the identity document of the person authorised to sign may be brought in at any time before payments are made. Where an account is opened through the System during registration, it is opened by accepting an offer of the bank account contract published there. (Registration Regulation, Para. 19 — lex.uz ↗)

The remote route is wider on paper than it used to be and still unused in practice. The Central Bank’s instruction makes it available to legal entities whose founders are residents of Uzbekistan, to individual entrepreneurs, and — since the amendment of 27 October 2025 — to IT-Park resident companies whose founder is a non-resident, wherever the bank has the conditions for remote identification to the standards of the Financial Action Task Force. That last category reaches a good many foreign-owned technology companies. What has not changed is that banks do not offer it: they treat remote onboarding as too risky. Every company therefore onboards the way banks everywhere now do — the founders answer the KYC questionnaire, ownership is traced to the individuals, the activity description is checked against reality, and the director, whoever holds that role, passes identification at the branch in person. Shareholders who are not the director do not attend. (Bank Accounts Instruction, Para. 8 — lex.uz ↗)

Two things buy speed. A precise activity description, because vagueness is what banks query; and clean source-of-funds answers for the capital contribution. The account, once open, is operated remotely through the bank-client credentials like anywhere else.