Nikolai Timofejev
15 years in FinTech and payments. Maps your business model to the right licence scope and leads the file all the way to the NAPP decision, including banking and payment rails.
Get a crypto license in Uzbekistan.
Central Asia's biggest population runs a fully licensed crypto market: NAPP issues four licence types on a 20-working-day statutory clock, with published fee schedules, unlimited validity, and crypto operations exempt from taxation. We build the file end to end.
27 yrs
on the international marketon the market
60+
in-house specialistsspecialists
400+
Crypto licenses obtainedlicenses obtained
Updated
Uzbekistan in brief
Four licences, published prices, a 20-day clock.
Uzbekistan regulates crypto through the National Agency of Perspective Projects (NAPP), which licenses four activity types: crypto exchanges, crypto stores, crypto depositories and mining pools. The rules are unusually mechanical - in a good way. State fees are published as multiples of the basic calculation value (73,400× for an exchange, 3,700× for a store, 7,000× for a depository, 3,000× for a mining pool), monthly operating charges are fixed per type, applications carry no fee, the agency decides within 20 working days, and licences run indefinitely. NAPP supervises actively - it maintains public registers, licenses new depositories and stores regularly, and has fined global names for operating without authorisation.
The economics rest on a presidential framework that made licensed crypto activity a special regime: operations with crypto-assets are exempt from taxation, with licensed operators paying the fixed monthly charges instead. The obligations are equally clear - licensees must be Uzbek-resident legal entities, platforms must run on servers inside the country, records are kept five years, and anonymous cryptocurrencies are prohibited. For a market of 37 million with the region's youngest population, the entry mechanics are among the most predictable anywhere: fixed prices, fixed clock, indefinite licence.
Four NAPP licences - exchange, store, depository, mining pool - on a 20-working-day statutory clock, with published BCV fee schedules and unlimited validity.
The special regime: crypto operations tax-exempt, fixed monthly charges instead. Resident entity and in-country servers required.
The four types
From national exchange to retail store.
NAPP's four licences ladder by ambition: the exchange for full trading venues, the store for retail buy-sell, the depository for custody, the mining pool for hashpower. We fix the type first, then build once.
Four tiers by ambition - from the 73,400× BCV exchange to the 3,700× store.
01 - CRYPTO EXCHANGE
The trading venue
The flagship licence. A full trading platform for legal entities and individuals, with order books, fiat rails and listing under NAPP supervision. State fee: 73,400× the basic calculation value; 740 BCV monthly.
The flagship licence. A full trading platform for legal entities and individuals, with order books, fiat rails and listing under NAPP supervision. State fee: 73,400× the basic calculation value; 740 BCV monthly.
- ✓Crypto ↔ soum and crypto ↔ crypto trading
- ✓Order-book venue with listing procedures
- ✓Fiat on/off-ramps through local banks
- ✓Servers located in Uzbekistan - by rule
- ✓State fee 73,400× BCV · 740 BCV / month
- ✓Decision in 20 working days
02 - STORE · DEPOSITORY · POOL
Licences in 20 working daysThe rest of the stack
Accessible tiers with the same clock and unlimited validity: crypto stores for retail buy-sell (3,700× BCV), depositories for custody (7,000× BCV), mining pools for hashpower aggregation (3,000× BCV).
Store, depository and pool: same clock, unlimited term, accessible fees.
- ✓Crypto store - retail purchase and sale
- ✓Crypto depository - custody and safekeeping
- ✓Mining pool - aggregation and distribution
- ✓Monthly charges: 185 · 5 · 100 BCV by type
- ✓No application fee - state fee on grant
- ✓Unlimited licence validity
Costs and timelines are confirmed for your case before any work begins. State fees and monthly charges are NAPP's published schedules in basic calculation values, converted at the current BCV in your quote; company and infrastructure costs are itemised alongside.
Why Uzbekistan
Predictability as a product.
The framework is the presidential crypto regime administered by NAPP. Published prices, statutory clocks and a special tax status.
✓
Crypto operations - tax-exempt
Under the presidential framework, operations with crypto-assets are exempt from taxation; licensed operators pay fixed monthly charges instead. The economics are a schedule, not a negotiation.A schedule, not a negotiation.
✓
A 20-working-day clock
NAPP decides licence applications within 20 working days, with no application fee. Among the fastest statutory decisions in crypto licensing anywhere.Statutory, and no application fee.
✓
Published prices, unlimited term
Every fee is a published multiple of the basic calculation value, and licences run indefinitely - no renewal cycles, no surprise tariffs.BCV multiples; unlimited validity.
✓
Four tiers to enter by
A retail store at 3,700× BCV is a fraction of the exchange's 73,400×. Groups can enter at store or depository level and ladder up as the market proves itself.Start at store level; ladder up.
✓
A supervisor that supervises
NAPP publishes registers, licenses new operators regularly and has fined global platforms for unlicensed activity. The licence you hold means something locally.Registers, new licences, real fines.
✓
37 million, young and mobile
Central Asia's largest population with a median age in the twenties. A payments-hungry, mobile-first market where licensed operators are still few.Mobile-first, licensed operators few.
How it compares
How Uzbekistan differs from other routes.
Uzbekistan trades openness for mechanics: resident entities and local servers, in exchange for fixed prices and a fixed clock. The comparison is below.
Uzbekistan vs other jurisdictions
| Feature |  Uzbekistan | Other jurisdictions |
|---|---|---|
| Regulatory model | NAPP licences - 4 types | Single-licence regimes |
| Decision clock | 20 working days, statutory | Months to years |
| Crypto taxation | Operations tax-exempt | 9-33% typical |
| Localisation | Resident entity + local servers | Varies - often lighter |
Regulatory model
UzbekistanNAPP licences - 4 types
Other jurisdictionsSingle-licence regimes
Decision clock
Uzbekistan20 working days, statutory
Other jurisdictionsMonths to years
Crypto taxation
UzbekistanOperations tax-exempt
Other jurisdictions9-33% typical
Localisation
UzbekistanResident entity + local servers
Other jurisdictionsVaries - often lighter
Country by country
| Country | License type | Taxation | Requirements |
|---|---|---|---|
| Uzbekistan | NAPP licences (4 types) | Crypto ops tax-exempt | Resident entity, local servers |
 Kazakhstan | AFSA licences (AIFC) | 0% CIT/VAT to 2066 | Published fees, English-law court |
 Georgia | VASP registration (NBG) | 0%/15% Estonian model | Light-touch, fit & proper |
 UAE (Dubai) | VARA VASP by activity | 9% CIT · 0% personal | Substance-heavy, 3-9 months |
UzbekistanLicense typeNAPP licences (4 types)
TaxationCrypto ops tax-exempt
RequirementsResident entity, local servers
KazakhstanLicense typeAFSA licences (AIFC)
Taxation0% CIT/VAT to 2066
RequirementsPublished fees, English-law court
GeorgiaLicense typeVASP registration (NBG)
Taxation0%/15% Estonian model
RequirementsLight-touch, fit & proper
UAE (Dubai)License typeVARA VASP by activity
Taxation9% CIT · 0% personal
RequirementsSubstance-heavy, 3-9 months
Before you apply
Requirements for a NAPP licence.Requirements for a NAPP licence.
The rules are mechanical and public. NAPP's own pages list them. The checklist below is what a passing file contains.
01
Uzbek-resident legal entity. Licensed activity is open to residents only; we structure the local company correctly.
02
Paid-up charter fund. Sized per licence type under the regulations.
03
Local infrastructure. Electronic platforms hosted on servers inside Uzbekistan, by rule.
04
State fee. The published multiple of the basic calculation value for your licence type, paid on grant.
05
AML/CFT framework. KYC, monitoring and reporting, with anonymous crypto-assets prohibited outright.
06
Fit & proper founders and management. Clean records and transparent ownership.
07
Technical documentation. Platform, wallet and security architecture per NAPP's requirements.
08
Record-keeping. Transaction records retained for five years.
09
No hidden mining. Declared facilities and compliant energy arrangements for mining-adjacent models.
10
Ongoing duties. Monthly charges, reporting and cooperation with NAPP supervision.
01
Uzbek-resident legal entity.
02
Paid-up charter fund by type.
03
Servers inside Uzbekistan.
04
State fee. Published BCV multiple.
05
AML/CFT; anonymous assets banned.
06
Fit & proper founders and management.
07
Technical documentation per NAPP.
08
Five-year record retention.
09
No hidden mining.
10
Monthly charges and reporting.
Reflects NAPP's licensing rules (Order No. 32 of 14 July 2022, Regulation 3380) and published fee schedules as of 2026.NAPP Order No. 32 (14 Jul 2022) + Reg. 3380, schedules as of 2026.
How it works
From first call to the NAPP register.
01
Perimeter and strategy
Exchange, store, depository or pool. We fix the type, the fee maths in current BCV and the timeline in writing.Type + fee maths at current BCV, in writing.
02
Uzbek company and infrastructure
Resident LLC, charter fund, and the in-country hosting the rules require. Assembled before filing.Resident LLC; local hosting.
03
The application file
Application, technical documentation and AML framework. Submitted to NAPP with no application fee.Tech + AML - no application fee.
04
NAPP review
The statutory 20-working-day decision window. We answer any clarifications inside it.20 working days, statutory.
05
Licence and operation
State fee paid on grant, entry in the register, launch, and the monthly-charge and reporting calendar we can keep running.Fee on grant; register; launch.
Quick facts
RegulatorNAPP
Licence types4
Decision20 working days
Application feeNone
Exchange state fee73,400× BCV
Store / depository / pool3,700 / 7,000 / 3,000× BCV
ValidityUnlimited
Crypto operationsTax-exempt
Fees are published multiples of the basic calculation value. Indexed periodically; we convert at the current BCV in your quote.
On the ground in Uzbekistan
Run from our Tashkent office.
Prifinance - Uzbekistan
Tashkent · Uzbekistan
Tashkent, Uzbekistan
01
Uzbek company formation
Resident LLC incorporation, charter fund structuring and the corporate layer NAPP expects. Built for the licence from day one.Resident LLC, built for the licence.
02
The licence file
Application dossier, technical documentation and AML pack. Filed with NAPP and answered through its 20-working-day review.Filed and answered inside 20 working days.
03
Infrastructure localisation
In-country hosting, data arrangements and the server architecture the rules require. Coordinated with local providers.In-country hosting, coordinated.
04
Substance and staffing
Directors, compliance and support staff recruited in Tashkent; payroll and office arrangements assembled pragmatically.Tashkent hires, assembled.
We also have offices in
Tallinn
Estonia
Roseni 13
Vilnius
Lithuania
Gedimino pr. 2
Prague
Czech Republic
Vlkova 532/8, Žižkov
London
United Kingdom
7 Bell Yard
Dubai
UAE
33 Level, Al Saqr Business Tower
Madeira
Portugal
Rua da Alegria 31, 1F
Budapest
Hungary
Korányi Sándor u. 4
Good to know
Taxation of crypto companies in Uzbekistan.
The special regime is the headline: crypto operations are exempt from taxation, and licensed operators pay published monthly charges instead.
Crypto operations: exempt
Under the presidential framework, operations with crypto-assets are not subject to taxation. The core commercial activity of a licensed operator sits outside the tax net.Core activity outside the tax net.
Monthly charges instead
Licensed firms pay fixed monthly amounts by type - 740 BCV for an exchange, 185 for a store, 100 for a mining pool, 5 for a depository. A cost schedule, not a tax return.740/185/100/5 BCV by type.
Ordinary rules beyond crypto
Non-crypto income streams follow the general system - 15% standard corporate profit tax, 12% VAT where applicable. Relevant for mixed business models.15% CIT, 12% VAT for mixed models.
Payroll and residency
Standard employment taxes apply to local teams; personal income tax runs at a flat 12% for residents. Modest by any comparison.Modest employment costs.
Foreign-citizen access
NAPP maintains special arrangements for foreign citizens using authorised exchanges. The regime is built to attract flows, not wall them off.Special arrangements via licensed venues.
Banking and the soum
Fiat rails run through local banks in soum; treasury and FX planning matter for cross-border groups, and we model them alongside the licence.Local rails; FX planned alongside.
Tax summary
Crypto operationsTax-exempt
Monthly charge (exchange)740 BCV
Monthly (store · pool · dep.)185 · 100 · 5 BCV
General corporate tax15%
Personal income tax12% flat
Standard VAT12%
*Per NAPP's published schedules and the presidential framework as of 2026. BCV is indexed periodically. Quotes use the current value.
Turnkey professional support
Experienced lawyers and international consultants.
We provide end-to-end support, from company registration and the application file to regulatory interaction and compliance oversight - with an individualized approach to each client.
Oleksii Kindratenko
Builds the application itself: Uzbek resident LLC, AML/KYC policy pack, capital structure and tax registrations. His document sets are the reason reviews finish in months, not years.
Eugeniu Bevziuc
First point of contact for international founders. Runs the whole setup remotely, across time zones and languages - from the first call to a live, NAPP-licensed business.
Follow Prifinance
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Uzbekistan · NAPP
Launch your crypto project in Uzbekistan with expert support.
Full-service assistance - from company registration to the NAPP licence and ongoing compliance.
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Is Uzbekistan the right fit for your project?
Our legal team will analyze your case at no cost and provide a written legal opinion: which jurisdiction, licence scope, or route fits your business.
Written assessment within 2-5 business days
Request a free conclusion →FAQ
The Uzbek crypto licence: frequent questions.
What licences exist in Uzbekistan?+
Four, issued by the National Agency of Perspective Projects: crypto exchange, crypto store, crypto depository and mining pool - each with published state fees and monthly charges.
What do the licences cost?+
State fees are multiples of the basic calculation value: 73,400× for an exchange, 7,000× for a depository, 3,700× for a store, 3,000× for a mining pool - paid on grant, with no application fee. Monthly charges run 740 / 5 / 185 / 100 BCV respectively.
How fast is licensing?+
NAPP decides within 20 working days of a complete application - a statutory clock, not an aspiration, and licences are issued for an unlimited period.
Who can hold a licence?+
Only Uzbek-resident legal entities - foreign groups license through a local company, which we structure. Platforms must run on servers inside Uzbekistan, and transaction records are kept five years.
Are crypto operations really tax-exempt?+
Yes - under the presidential framework, operations with crypto-assets are exempt from taxation, with licensed operators paying the fixed monthly charges instead. Non-crypto income follows the general system.
What is prohibited?+
Anonymous crypto-assets and hidden mining are banned outright, and unlicensed activity is enforced against - NAPP has fined global platforms for serving the market without authorisation.
Which tier should we start with?+
Most foreign groups enter at store or depository level - a fraction of the exchange fee, and ladder up once flows justify it. We model the fee maths at the current BCV before you commit.
How do banking and fiat work?+
Fiat rails run in soum through local banks connected to licensed platforms. Treasury and FX arrangements are part of the launch plan, not an afterthought.
Does the licence give access beyond Uzbekistan?+
No - it is a domestic licence for a 37-million market. Regional groups typically pair it with the AIFC (Kazakhstan) or another hub, and we run those tracks in parallel.
Why Uzbekistan rather than Kazakhstan?+
Different instruments: the AIFC sells an English-law institutional wrapper at institutional prices; Uzbekistan sells mechanics - published fees, a 20-day clock, tax-exempt operations, and direct access to Central Asia's largest domestic market. Ambitious regional groups eventually hold both.
What licences exist?+
Four: exchange, store, depository, mining pool.
Costs?+
73,400× BCV exchange; 3,000-7,000× others.
How fast?+
20 working days, statutory; unlimited validity.
Who can hold?+
Resident entities; servers in-country.
Tax-exempt - really?+
Yes; fixed monthly charges instead.
Prohibited?+
Anonymous assets, hidden mining; fines enforced.
Which tier first?+
Store or depository; ladder up later.
Banking?+
Soum rails via local banks.
Beyond Uzbekistan?+
Domestic only - pair with the AIFC.
Why Uzbekistan?+
Mechanics: fixed fees, fixed clock, 37M market.
Client notes
Google4.7★★★★★
Founders who wanted it done right.
Google4.7★★★★★
“As a software development crew at FewMoreTaps OÜ, we've had the pleasure of working with Prifinance on some key financial moves.First of all, navigating the world of corporate banking and finance can be a maze, but Prifinance made it feel like a walk in the park. They helped us set up a corporate bank account without the hassle of jumping on a plane or drowning in paperwork. Everything was done remotely, smoothly…”
Google
“I had their assistance in company registration and I would recommend them. They were answering all my clarification during the process and offering all their supportThank you Daniel and Irinia”
Google
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Google
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Google
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Get a free legal opinion on your project - our legal team will analyze your case at no cost and provide a written legal opinion: which jurisdiction, licence scope, or route fits your business.Free legal opinion: which Uzbek licence fits your project and what it will cost.
✓Written legal opinion within 2-5 business days - free of charge✓A clear recommendation on the right licence scope, not a sales pitch✓Transparent fixed fees, confirmed up front✓EN · RU · ES speaking team
Prifinance is an independent law and advisory firm. We are not a regulator and are not affiliated with, endorsed by, or acting on behalf of the National Agency of Perspective Projects (NAPP) or any other public authority. Authorisations are granted by, and obtained directly from, the competent authorities.