Business entities in Tajikistan

Business entities in Tajikistan

Wholly foreign owned entities

    Tajikistan business structure
  1. 100% foreign ownership is permitted in several business sectors, though foreign shareholding is restricted in the energy, transportation, and tourism industries. Neither a resident director nor a Tajikistan company secretary are required for establishing a company in Tajikistan. There is no minimum capital that must be paid prior to Tajikistan company formation;
  2. If Tajikistan company incorporation is properly structured, foreign owned companies suffer minimal Tajikistan tax and incorporation is relatively straightforward.

Limited liability company

This is the most common entity used by investors and entrepreneurs looking to conduct business in Tajikistan. A Tajikistan LLC requires at least 1 shareholder and 1 director who can either be an individual or a legal entity to be incorporated. The minimum paid up share capital for a Tajikistan business entity is US$105, though this need only be paid within the first 12 months of incorporation.

Joint stock company

  • JSCs are available in Tajikistan as either open joint stock companies (OJSC) or closed joint stock companies (CJSC). OJSCs allow for unlimited shareholders, while CJSCs are limited to a maximum of 50. A Tajikistan LLC with more than 30 shareholders must be transformed in to a JSC or else face legal penalties;
  • The minimum share capital required for a closed joint stock company is US$210 and US$1,050 for an open joint stock company, amounts of which must be deposited into the company’s corporate account by the end of the financial year.

Tajikistan branch office

  • Foreign companies looking to do business in Tajikistan without setting up a local subsidiary are allowed to establish a branch office in the country. A branch office can engage profit making activities which are only limited to the scope of the parent company’s business;
  • All the parent company’s corporate documents must be translated into Tajik and legalized by the Ministry of Foreign Affairs.

Tajikistan representative office

Where a foreign company does not intend to carry on business in Tajikistan, it may seek to establish a representative office. This entity is not permitted by law to conduct any independent business activities in Tajikistan and can only engage in activities including market research and initial customer contacts.

Comparison of different Tajikistan entities

 LLCJSCBranch officeRep. office
Also known as:Pte or OOOAON/AN/A
How long to set the company up?4 weeks7 weeks6 weeks4 weeks
How long to open company bank account?4 weeks4 weeks4 weeks4 weeks
Legal liability?LimitedLimitedUnlimitedUnlimited
Wholly foreign owned?YesYesYesYes
Minimum share capital? (payable after 1 year)US$105US$1,050US$1US$1
File annual tax return?YesYesYesNo
Tax registration certificate required?YesYesYesNo
Recommended corporate bank account?Spitamen BankOrientbankAccessBankBank Eskhata
Does our Client need to travel?NoNoNoNo
Resident director required?NoNoYesNo
Resident shareholder required?NoNoNoNo
Minimum directors allowed?11Parent companyParent company
Minimum shareholders?11Parent companyParent company
Tax identification code (TIN) needed?YesYesYesNo
Tajikistan resident company secretary required?NoNoNoNo
Corporate shareholders allowed?YesYesYesYes
Corporate director(s) allowed?YesYesYesYes
Tajikistan corporate tax rate?15%15%15%0%
Annual financial statements required?NoNoNoNo
Statutory audit required?NoYesNoNo
Regulated by?Tajikistan Tax AuthorityTajikistan Tax AuthorityTajikistan Tax AuthorityTajikistan Tax Authority
Allowed to issue sales invoices?YesYesYesNo
Allowed to sign contracts?YesYesYesNo
Allowed to import and export goods?YesYesYesNo
Can rent an office space in Tajikistan?YesYesYesYes
Can buy Tajikistani property?YesYesYesNo
Can own equity in other Tajikistan companies?YesYesYesNo
Total Tajikistan business setup costs in Yr. 1US$13,850US$15,850US$14,080US$14,880
Subsequent annual costs (incl. accounting and tax fee)US$6,450US$7,950US$6,450US$6,450
Sample engagement invoiceTajikistan company costTajikistan JSC invoiceTajikistan BO costTajikistan RO cost

Contact us

For additional information on our business setup services in Tajikistan, please email us at email@healyconsultants.com. Alternatively please contact our in-house country expert, Ms. Grace Odhiambo, directly:
client relationship officer - Grace