Uzbekistan plans to decrease business registration time up to 30 minutes

The proposal was development in line with implementation of the tasks, outlined in the presidential decree from 15 May 2015, the press service of the UNDP project “Uzbekistan Business Forum (Phase III) said.

The proposed system will allow to register the business entities in online mode within 30 minutes. At the same time, there will be no need for physical presence of the person at registration body or visit the bank to pay registration fee.

Introduction of online registration for accumulated pension system and this system will help Uzbekistan to improve its ranking in Business Registration indicator in Doing Business.

Currently, Uzbekistan holds 42nd place in Business Registration indicator in Doing Business 2016 of the World Bank, moving 22 places up compared to previous report.