Assignment 3: Creation and Registration of Business in the Fergana Region Research the legal and regulatory framework for business creation and registration in the Fergana region

This article is for entrepreneurs who want to learn the basic steps of starting a new business.

Starting a business can be hard work, but if you break down the process of launching your new company into individual steps you can make it easier. Rather than spinning your wheels and guessing where to start, follow this 10-step checklist to transform your business from a lightbulb above your head into a real entity.

How to start a business

1. Refine your idea.

If you’re thinking about starting a business, you likely already have an idea of what you want to sell online, or at least the market you want to enter. Do a quick search for existing companies in your chosen industry. Learn what current brand leaders are doing and figure out how you can do it better. If you think your business can deliver something other companies don’t (or deliver the same thing, only faster and cheaper), you’ve got a solid idea and are ready to create a business plan. 

Investigate the taxation requirements and obligations for businesses in the Fergana region.
In January-March 2023, in the Fergana region, 1.2 trillion soums of foreign investments and loans were disbursed into fixed assets. Of these, 51.1 billion soums were foreign loans guaranteed by the Republic of Uzbekistan, 1.1 trillion soums - foreign direct investment and non-guaranteed foreign loans, 0.5 billion soums - other foreign investments.

In January-December 2022, in the Fergana region, 7.1 trillion. soums of foreign investments and loans were disbursed into fixed assets. Of these, 774.5 billion soums were foreign loans guaranteed by the Republic of Uzbekistan, 6.0 trillion. soums - direct foreign investments and non-guaranteed foreign loans, 291.6 billion soums - other foreign investments.



Create a comprehensive guide or checklist for aspiring entrepreneurs outlining the requirements and steps involved in creating and registering a business in the Fergana region.
Starting a business from scratch is not only a difficult task, but it also has the potential to be a very rewarding one if it is well-planned and carried out. There are seven primary steps that you can take to assist you in getting your business off the ground. These steps can be helpful whether you have an idea for a product or service or are simply looking to turn your passion into a lucrative career.