Business entities in Tajikistan in 2025
Wholly foreign owned entities
- 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;
- 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
| LLC | JSC | Branch office | Rep. office | |
|---|---|---|---|---|
| Also known as: | Pte or OOO | AO | N/A | N/A |
| How long to set the company up? | 4 weeks | 7 weeks | 6 weeks | 4 weeks |
| How long to open company bank account? | 4 weeks | 4 weeks | 4 weeks | 4 weeks |
| Legal liability? | Limited | Limited | Unlimited | Unlimited |
| Wholly foreign owned? | Yes | Yes | Yes | Yes |
| Minimum share capital? (payable after 1 year) | US$105 | US$1,050 | US$1 | US$1 |
| File annual tax return? | Yes | Yes | Yes | No |
| Tax registration certificate required? | Yes | Yes | Yes | No |
| Recommended corporate bank account? | Spitamen Bank | Orientbank | AccessBank | Bank Eskhata |
| Does our Client need to travel? | No | No | No | No |
| Resident director required? | No | No | Yes | No |
| Resident shareholder required? | No | No | No | No |
| Minimum directors allowed? | 1 | 1 | Parent company | Parent company |
| Minimum shareholders? | 1 | 1 | Parent company | Parent company |
| Tax identification code (TIN) needed? | Yes | Yes | Yes | No |
| Tajikistan resident company secretary required? | No | No | No | No |
| Corporate shareholders allowed? | Yes | Yes | Yes | Yes |
| Corporate director(s) allowed? | Yes | Yes | Yes | Yes |
| Tajikistan corporate tax rate? | 18% | 18% | 18% | 0% |
| Annual financial statements required? | No | No | No | No |
| Statutory audit required? | No | Yes | No | No |
| Regulated by? | Tajikistan Tax Authority | Tajikistan Tax Authority | Tajikistan Tax Authority | Tajikistan Tax Authority |
| Allowed to issue sales invoices? | Yes | Yes | Yes | No |
| Allowed to sign contracts? | Yes | Yes | Yes | No |
| Allowed to import and export goods? | Yes | Yes | Yes | No |
| Can rent an office space in Tajikistan? | Yes | Yes | Yes | Yes |
| Can buy Tajikistani property? | Yes | Yes | Yes | No |
| Can own equity in other Tajikistan companies? | Yes | Yes | Yes | No |
| Total Tajikistan business setup costs in Yr. 1 | US$15,850 | US$15,850 | US$17,700 | US$16,880 |
| Subsequent annual costs (incl. accounting and tax fee) | US$10,422 | US$11,922 | US$10,422 | US$10,422 |
| Sample engagement invoice | View invoice PDF | View invoice PDF | View invoice PDF | View invoice PDF |
