Does a past insolvency stop me founding a company in Uzbekistan?

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For three years, if you founded or headed the insolvent business — unless the written-off tax debt was paid. 3 years The bar runs from the termination of the insolvent business. Who The person who founded it or was under whose leadership it stood. Which role It disqualifies them as head of the management body — the bar is written against the director, not the shareholder as such. The cure Paying the written-off tax debt lifts it — the act carves out that case in terms. Found how Through the tax and economic-crime systems. The regulation disqualifies from heading a business entity’s management body a person where less than three years have passed since the termination, on insolvency proceedings, of a business entity they previously founded or which stood under their leadership — with an express exception where the tax debt that was written off has since been paid. The bar is time-limited and curable, and it is written against the role of director rather than against holding shares. Whether an insolvency outside Uzbekistan engages the provision is not something the act addresses, and the mechanism suggests the practical answer: the circumstances are established through the tax and economic-crime information systems, which hold Uzbek proceedings. A founder with a foreign insolvency behind them is nonetheless better served by raising it before appointing themselves director than by discovering the position at the filing.

Does a past insolvency stop me founding a company in Uzbekistan?

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