Business entities in Tajikistan in 2023

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