juris.hq
Starting a companyUpdated 30.08.2026

How many shareholders can an Uzbek LLC have?

Short answer

From one to fifty. Above fifty, a year to become a JSC — or face liquidation.

OneA single founder is enough — and a company may also become single-shareholder later (LLC Law, Art. 8 — lex.uz ↗)
50The ceiling — the number of shareholders must not exceed fifty (LLC Law, Art. 8 — lex.uz ↗)
1 yearOver the ceiling — transform into a joint-stock company or a production cooperative, or the registrar asks a court to liquidate (LLC Law, Art. 8 — lex.uz ↗)
Chain ruleOne-person companies cannot stack — a company whose only shareholder is itself a one-person company cannot be the sole founder, unless that shareholder is a single-shareholder JSC (LLC Law, Art. 8 — lex.uz ↗)
What the law provides

An Uzbek LLC is founded by one to fifty persons — individuals or legal entities, in any mix. A single founder is expressly allowed, from the start or by the shareholders later reducing to one. If the number of shareholders exceeds fifty, the company has one year to transform into a joint-stock company or a production cooperative; failing that, it is liquidated through court on the application of the registration authority. (LLC Law, Art. 8 — lex.uz ↗)

One structural rule matters to holding chains: a company consisting of one person cannot be the sole shareholder of another company — except where that sole shareholder is a joint-stock company with a single shareholder. A single-member foreign LLC founding a wholly-owned Uzbek subsidiary sits inside this rule and plans the structure around it. (LLC Law, Art. 8 — lex.uz ↗)

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