When opening accounts for the first time in the Bank for organizations (both residents and non-residents of the Republic of Uzbekistan), personal presence of persons authorized to sign documents on behalf of the legal entity is required.

To open demand deposit accounts in the national currency for resident legal entities that are entities of entrepreneurial activity (LLC, JV, IE, JSC, etc.), it is necessary to have the following documents:

 a)   identity document of persons (passport or substitute document) authorized to sign cash settlement documents on behalf of the customer. The identity document shall be copied, the original shall be returned.

b)  a copy of the certificate of registration of the enterprise in the authorized bodies of the Republic of Uzbekistan (in the Center of Public Services).

c)   if the founders are individuals, copies of passports of the founders.

d)   if the founders are a legal entity (organization), information about the founders of this company and so on up to the final beneficiary of the customer (copy of passport of physical person - final owner)

e)   a copy of the founders’ resolution on appointment of the head of the organization having the right of first signature - if another director is indicated on the stat.uz website.

To open demand deposit accounts in the national currency of individual entrepreneurs (IE), it is necessary to have the following documents:

a)   identity document of persons (passport or substitute document) authorized to sign cash settlement documents on behalf of the customer. The identity document shall be copied, the original shall be returned.

b)  a copy of the certificate of registration of the enterprise in the authorized bodies of the Republic of Uzbekistan (in the Center of Public Services).

 To open demand deposit accounts in national currency for resident legal entities that are not business entities (associations, foundations, charitable organizations, etc.), as well as recipients of funds from the state budget, it is necessary to have the following documents:

a)   identity document of persons (passport or substitute document) authorized to sign cash settlement documents on behalf of the customer. The identity document shall be copied, the original shall be returned.

b)  a copy of the certificate of registration of the enterprise in the authorized bodies of the Republic of Uzbekistan (in the Center of Public Services).

c)   copies of constituent documents:

-   charter;

-   constituent agreement (if there are two or more founders);

-   all amendments thereto (if any);

d)  a document (certificate) confirming registration with the state tax authorities;

e)   if the founders are individuals, copies of passports of the founders;

f)  if the founders are a legal entity (organization), we need information on the founders of this company and so on up to the final beneficiary of the customer (copy of passport of physical person

-   final owner);

g) a copy of the decision of the authorized body/founders on appointment of the head of the organization having the right of first signature.

Required documents are:

·      copy of the certificate of assignment of the taxpayer identification number (INN) by the state tax authorities, unless otherwise provided for by law;

·      identity document of persons (passport or substitute document) authorized to sign cash and settlement documents on behalf of the non-resident legal entity.

Additional documents are:

             ·      a copy of the regulation on the representative office;

             ·      a copy of the document on accreditation of the representative office issued by the authorized body of the Republic of Uzbekistan;

              ·      a copy of the power of attorney for the head of representation.

 To open demand deposit accounts in the national currency for non-residents participating in open electronic trading of commodity exchanges, foreign investors selling (acquiring) shares at organized trades it is necessary to have the following documents.

Required documents are:

·      a copy of the certificate of assignment of the taxpayer identification number (INN) by the state tax authorities, unless otherwise provided for by law;

·      identity document of persons (passport or substitute document) authorized to sign cash and settlement documents on behalf of the non-resident legal entity.

·      copies of constituent documents (memorandum of association, charter) and amendments and additions made to them by non-resident legal entities - participants of open electronic trading of commodity exchanges, foreign investors selling (acquiring) shares at organized trades, certified by a consulate or notary;

·      a copy of the agreement on provision of brokerage services between a non-resident legal entity - participant of open electronic trading of the commodity exchange and an exchange broker;

·      a copy of the agreement on rendering brokerage services between legal entities - non- residents - foreign investors selling (acquiring) shares at organized trades and the investment intermediary;

·      a copy of the document defining the powers of the person having the right of first signature (founders’ resolution or other substitute document).

 To open demand deposit accounts in the national currency of permanent establishments of non-residents operating in accordance with the procedure established by the legislation of the Republic of Uzbekistan, it is necessary to have the following documents:

Required documents are:

·      a copy of the certificate of assignment of the taxpayer identification number (INN) by the state tax authorities, unless otherwise provided for by law;

·      identity document of persons (passport or substitute document) authorized to sign cash and settlement documents on behalf of the non-resident legal entity;

·      power of attorney or other document (if any), certifying the right to perform actions in the Republic of Uzbekistan on behalf of a legal entity - non-resident of the Republic of Uzbekistan;