🧑💼 Individual Entrepreneur (IE / YATT) – Physical Person
🔹 Key Features:
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Registered under one person's name.
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Fast and simple registration – usually takes 1 business day via my.gov.uz.
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Simplified taxation – usually fixed or low-rate taxes based on business activity.
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No need for a legal address – can be registered to a home address.
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Full personal liability – the entrepreneur is personally responsible for debts and obligations (even with personal assets).
✅ Best for:
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Small-scale services: tailors, hairdressers, tutors, freelancers.
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Solo entrepreneurs or family-run businesses with low startup cost.
🏢 Limited Liability Company (LLC / MChJ) – Legal Entity
🔹 Key Features:
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Has a separate legal identity: its own name, seal, bank account, and legal rights.
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Can be founded by one or more individuals or companies.
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Looks more professional and trustworthy to partners, clients, and banks.
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Limited liability – founders are only liable within their contribution to the charter capital.
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Requires full accounting and complex tax reporting.
✅ Best for:
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Medium to large businesses,
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Working with other companies or government institutions,
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Export/import businesses, or those planning to hire employees.
📊 Comparison Table: YATT vs. LLC
| Feature | YATT (Physical Person) | LLC / MChJ (Legal Entity) |
|---|---|---|
| Registration Time | Fast (1 day) | Slower (2–3 days or more) |
| Number of Founders | 1 person | 1 or more founders |
| Legal Status | No legal entity | Yes, has legal status |
| Liability | Full (personal assets at risk) | Limited to company’s capital |
| Taxation | Simplified/fixed tax | General taxation |
| Charter Capital | Not required | Minimum 100,000 UZS |
| Legal Address | Not required | Required |
| Accounting | Simple or none | Full accounting required |
💡 Which One Should You Choose?
| If You Want to… | Choose: |
|---|---|
| Work alone with a small budget | YATT |
| Start a simple service business (repair, beauty) | YATT |
| Sign contracts with companies or the government | LLC / MChJ |
| Hire staff or open a larger business | LLC / MChJ |
| Receive loans, grants, or investments | LLC / MChJ |