Our company separated into multiple enterprises by their specialization.
- According to Uzbek legislation, firms engaged in one type of licensing activity cannot engage in other types of licensing activities. For example auditing firm cannot perform valuation services as they cannot obtain another type of license.
- Auditing, valuation, real estate, bankruptcy (liquidation of enterprises), corporate governance and others are all licensed types of business in Uzbekistan.
- That’s why we had to open separate legal entity for each type licensed business.