Yes — but it is refused registration without one or more foreign investors holding at least 15%.
The joint-stock company carries a requirement no other form does. Beyond the general grounds, registration or re-registration of a joint-stock company is refused where one or more foreign investors whose share must amount to not less than fifteen per cent of the charter fund are absent — except in cases established by decisions of the President or the Cabinet of Ministers. For a foreign founder that reads as an invitation rather than an obstacle, but it is a genuine constraint on the shape of the cap table. (Registration Regulation, Para. 43 — lex.uz ↗)
The form also behaves differently on reorganisation. Where a joint-stock company is being wound up as a result of reorganisation, the newly arising legal entities are registered only after the state registration of its securities issue has been cancelled and the company has been excluded from the register, and its notice to creditors is published through the securities regulator’s channels rather than on the portal. For most foreign-owned businesses the limited liability company remains the simpler instrument. (Registration Regulation, Paras. 27, 28 — lex.uz ↗)
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