Uzbekistan Doing Business 2020

Uzbekistan
Doing Business 2020
Page 25

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Takes place simultaneously with previous procedure.
6
Seller obtains the certificate stating that there are no outstanding trash collection bills
: Trash collection service provider
Agency
Parties have to submit to the notary the certificates stating that there are no outstanding payments
due to the trash collection service use from trash collection service provider. Parties have to
request these certificates specifically for the property transaction to demonstrate that there are no
outstanding fees that have to be paid before transfer of property takes place. This is not required
by law, but is commonly done in practice by agreement of the parties.
As of January 2019, a new electronic system is available to notaries, which allows them to request
certification of the absence of debts to utility companies. Such requests are made directly through
such electronic system to the applicable utility company. However, in practice this system is not
yet widely used.
1 day
no charge
7
Notarize the sale agreement between the seller and buyer
: Public Notaries
Agency
According to Article 480 of the Civil Code of Uzbekistan a contract for sale of an immovable
property shall be concluded in a written form by formation of one document signed by the parties.
Accordingly, the obligation to notarize the sale of a real estate between legal persons is not
required by law.
However, upon agreement of the parties, the contract can be notarized. In accordance with
paragraph 51 of Instructions on notarial acts of notaries, in case of notarization of the sale contract
of a real estate such transactions shall be certified in a notary's office located at the place where
the location of the real state is.
For certification of transactions on alienation of a real estate owned by legal entities, notary
requires the following documents:
• Proof of ownership of the property (cadastral certificate);
• Certificate of state registration of the legal entity;
• Certificate on the net book value of the property, signed by the director and the chief accountant
of the legal entity;
• Certificate of net assets of the legal entity;
• Power of attorney for a representative of the legal entity, issued in the prescribed manner (if
there is no an employment contract between the representative and the legal entity, a power of
attorney shall be issued by a notary);
• Act of acceptance of the property;
• Document verifying the payment between the parties (the receipt, payment order)*;
*In case the sale contract is notarized, a written basis for the settlement between the parties,
namely the conclusion of the preliminary agreement between the parties on the basis of which the
payment for the transferred property was made, will be needed in order to provide the notary with
a document confirming settlement between the parties.
1 day
UZS 2,086,091.7; (1% of
the minimum monthly
wage per square meter of
building area + fees
charged by notaries for
consultations and drafting
sale-purchase agreement
As of November 1, 2018,
the minimum wage is UZS
202,730)
8