Corporate Law at Tajikistan
Here’s an overview of Corporate Law in Tajikistan:
Corporate Law in Tajikistan
1. Legal Framework
Corporate activities in Tajikistan are regulated mainly by:
Law on Enterprises and Entrepreneurial Activity (2006)
Law on Joint Stock Companies and Protection of Shareholders' Rights (2013)
Civil Code of Tajikistan
Other relevant regulations from the Ministry of Justice and Tax Committee.
Tajikistan is working on modernizing laws to attract investment and improve corporate governance.
2. Types of Business Entities
| Type | Description |
|---|---|
| Limited Liability Company (LLC) | Most common form; shareholders have limited liability; requires minimum capital |
| Joint Stock Company (JSC) | For larger businesses; shares can be publicly traded; strict regulation |
| Private Entrepreneur | Individual business owner, unlimited liability |
| Partnerships | General and limited partnerships available |
3. Company Formation Process
Choose and register company name with the State Registration Office.
Prepare and notarize founding documents (charter/statute).
Deposit the minimum share capital (varies by company type).
Register with the State Tax Committee to obtain a Taxpayer Identification Number (TIN).
Register with the social security and other relevant authorities.
Registration timeline can take from several days to a few weeks.
4. Corporate Governance
LLCs are managed by one or more directors appointed by the shareholders.
JSCs have a more complex structure: shareholders’ assembly, board of directors, and executive management.
Shareholders have rights defined by the law, including voting, dividends, and access to company information.
Fiduciary duties and responsibilities are imposed on directors.
5. Taxation
Corporate Income Tax rate is generally 15%.
VAT rate is 18% standard.
Dividends paid to non-residents are subject to withholding tax, generally around 10%.
Tajikistan has entered into multiple double taxation treaties.
6. Foreign Investment
Foreign investors can fully own companies.
Foreign investments enjoy legal protection under the Law on Foreign Investments.
Some sectors may require additional licensing or approvals.
7. Compliance & Reporting
Annual financial statements must be prepared and submitted to tax authorities.
Companies must maintain accounting records compliant with national standards.
JSCs have additional disclosure and audit requirements.
Shareholder meetings must be held according to the charter and law.
Summary Table
| Feature | Tajikistan |
|---|---|
| Governing Law | Law on Enterprises, Law on Joint Stock Companies |
| Common Company Types | LLC, JSC, Private Entrepreneur |
| Minimum Capital | Varies; small minimum for LLCs |
| Corporate Tax Rate | 15% |
| VAT Rate | 18% |
| Foreign Ownership | Allowed, with legal protection |
| Registration Authority | State Registration Office |
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