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On Approval of the Instruction on the Procedure for Opening, Maintaining, and Closing Bank Accounts

The Central Bank of Uzbekistan approves the Instruction regulating the procedures for resident and non-resident legal entities, individuals, and individual entrepreneurs to open, maintain, and close various types of bank accounts, including demand deposit, savings, time deposit, metal, escrow, and agency accounts. The regulation mandates that banks open accounts for residents on the next business day following document submission, while non-residents must be served within fifteen days, and prohibits banks from requiring additional documents beyond those specified. It establishes strict anti-money laundering and counter-terrorist financing (AML/CFT) requirements, including mandatory customer due diligence for crypto-asset exchange participants, and permits remote account opening for specific entities when identification conditions are met.

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Resolution of the Board of the Central Bank of the Republic of Uzbekistan, registered on February 8, 2023, Registration No. 3420

Date of Entry into Force

February 9, 2023

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[ OKOZ: 1. 07.00.00.00 Legislation on Finance and Credit. Banking Activity / 07.21.00.00 Banking Activity / 07.21.02.00 Procedure for Opening and Maintaining Bank Accounts] [ TSZ: 1. Finance / Banks and other credit institutions. Credits]

RESOLUTION OF THE BOARD OF THE CENTRAL BANK OF THE REPUBLIC OF UZBEKISTON

On Approval of the Instruction on the Procedure for Opening, Maintaining, and Closing Bank Accounts

[Registered by the Ministry of Justice of the Republic of Uzbekistan on February 8, 2023, Registration No. 3420]

In accordance with the Law of the Republic of Uzbekistan "On the Central Bank of the Republic of Uzbekistan", the Board of the Central Bank of the Republic of Uzbekistan resolves:

  1. Approve the Instruction on the Procedure for Opening, Maintaining, and Closing Bank Accounts in accordance with Appendix 1.

  2. Recognize as invalid certain departmental normative legal acts in accordance with Appendix 2.

  3. This Resolution has been coordinated with the Representative for the Protection of the Rights and Legitimate Interests of Business Entities under the President of the Republic of Uzbekistan and the Chamber of Commerce and Industry of the Republic of Uzbekistan.

  4. This Resolution enters into force from the date of its official publication.

  5. Paragraph 1, first sub-paragraph of Appendix 1 to this Resolution enters into force on May 1, 2023.

Chairman M. NURMURATOV

Tashkent city,

January 4, 2023,

No. 30/18

Agreed:

Chairman of the Chamber of Commerce and Industry of Uzbekistan D. VAKHABOV

December 30, 2022

Representative for the Protection of the Rights and Legitimate Interests of Business Entities under the President of the Republic of Uzbekistan D. KASIMOV

January 4, 2023

APPENDIX 1 to the Resolution of the Board of the Central Bank of the Republic of Uzbekistan dated January 4, 2023, No. 30/18

Instruction on the Procedure for Opening, Maintaining, and Closing Bank Accounts

This Instruction establishes the procedure for banks to open, maintain, and close bank accounts for resident and non-resident legal entities and individuals, including individuals carrying out entrepreneurial activity without forming a legal entity (hereinafter referred to individually as individual entrepreneurs), peasant (farmer) farms, and representative offices and branches of legal entities.

Chapter 1. General Provisions

  1. The following terms are used in this Instruction:

bank account — an account opened by the bank for the client in accordance with the contract, whereby the bank undertakes to accept and credit funds falling into the client's account, execute instructions for transferring and disbursing relevant funds from the client's account, and carry out other operations related to the account;

demand deposit account — a bank account for accounting funds that are payable or transferable upon the client's first request;

savings deposit account — a bank account for accounting funds formed based on periodic contributions by clients, accumulated for a specific purpose, directed to that purpose, or returned as a result of contract termination;

time deposit account — a bank account for accounting funds deposited by clients for a strictly agreed term in the contract;

metal account — an account opened by banks to carry out operations with precious metals and account for them for clients; [See previous edition.]

escrow account — a special bank account opened to accept and hold funds received from the account owner (depositor) by the bank (escrow agent), and to transfer them to another person (beneficiary) when grounds specified in the escrow contract exist; (Paragraph 1, seventh sub-paragraph added in accordance with the Resolution of the Board of the Central Bank of the Republic of Uzbekistan dated October 27, 2025, No. 26/10 (Registration No. 3420-2, November 11, 2025) — , November 12, 2025, No. 10/25/3420-2/1039) [See previous edition.]

agency account — an account opened by a bank at the Central Bank of the Republic of Uzbekistan (hereinafter referred to as the Central Bank) or at another bank, as well as an account opened at the Central Bank by organizations authorized to open agency accounts, intended for interbank payments and mutual settlements; (Paragraph 1, seventh sub-paragraph amended in accordance with the Order of the Board of the Central Bank of the Republic of Uzbekistan dated October 25, 2023, No. 36/7 (Registration No. 3420-1, November 3, 2023) — , November 6, 2023, No. 10/23/3420-1/0829) [See previous edition.]

organizations authorized to open agency accounts — JSC "National Clearing Center" and JSC "Central Securities Depository"; (Paragraph 1, eighth sub-paragraph added in accordance with the Order of the Board of the Central Bank of the Republic of Uzbekistan dated October 25, 2023, No. 36/7 (Registration No. 3420-1, November 3, 2023) — , November 6, 2023, No. 10/23/3420-1/0829)

National Information Database of Bank Depositors (hereinafter referred to as NIDBD) — an information database maintained by the Information and Analytics Center of the Central Bank, which ensures the issuance of a unique number (client code) to clients when banks open bank accounts, maintains a list of their accounts without storing information on balance amounts, and provides access to information about clients' relevant accounts.

  1. Clients may open the following types of bank accounts at banks:

a) demand deposit accounts;

b) savings deposit accounts;

c) time deposit accounts;

d) metal accounts; [See previous edition.]

d1) escrow accounts; (Paragraph 2, sub-paragraph "d1" added in accordance with the Resolution of the Board of the Central Bank of the Republic of Uzbekistan dated October 27, 2025, No. 26/10 (Registration No. 3420-2, November 11, 2025) — , November 12, 2025, No. 10/25/3420-2/1039)

e) agency accounts;

f) other deposit accounts.

  1. The first demand deposit account opened in national currency by a business entity upon its state registration is considered its main demand deposit account (hereinafter referred to as the main account). All demand deposit accounts opened in national and foreign currencies by a business entity after opening the main account are considered its secondary accounts.

Organizations subject to treasury execution may open bank accounts at banks without opening a main account for the purpose of accounting for proceeds from payment terminals, cash payments, savings and time deposits, funds in bank corporate cards, and special purpose funds, as well as in other cases provided for by legislation. [See previous edition.]

  1. Information regarding the opening, transfer to another bank, closing, temporary suspension of withdrawal of funds, and restoration of bank accounts in the NIDBD is formed based on electronic requests sent by banks and transmitted on the same day by the Information and Analytics Center of the Central Bank to banks serving the client and the State Tax Committee of the Republic of Uzbekistan. This information is entered into the bank's database software and cannot be modified by the bank. (Paragraph 4 amended in accordance with the Resolution of the Board of the Central Bank of the Republic of Uzbekistan dated October 27, 2025, No. 26/10 (Registration No. 3420-2, November 11, 2025) — , November 12, 2025, No. 10/25/3420-2/1039)

  2. When clients open bank accounts, a bank account contract (a contract for bank deposits of individuals, a contract on agency relations for agency accounts) (hereinafter referred to as the contract) is concluded.

Contracts between the bank and its clients may be concluded in written form, electronic form, or by confirming an offer contract through remote service systems.

The contract establishes the terms for the bank to credit funds to the client's bank account and withdraw them, execute the client's instructions regarding the disposal of funds in the bank account, the rights and obligations of the client and the bank in this regard, the amount of intermediary fees payable for bank services, and other terms.

Banks are prohibited from requiring business entities to affix seals to documents or certify documents with seals.

The procedure for opening, maintaining, and closing bank accounts (credit loans, leasing, transit, etc.) for services not specified in Paragraph 2 of this Instruction but related to providing bank services to clients is regulated by the bank's internal documents.

  1. Banks must open bank accounts for clients without delay from the next business day after the documents specified in this Instruction are submitted to the bank, except for cases where bank accounts are opened for non-resident individuals and legal entities, and other cases provided for by legislation.

Banks must open bank accounts for non-resident individuals and legal entities without delay within fifteen days after all documents specified in this Instruction are submitted to the bank, except for cases indicated in legislation. [See previous edition.]

Documents for opening bank accounts are submitted by persons whose signature samples are indicated on the signature specimen sheet, or by persons authorized by legal entities. Exceptions apply to cases where bank accounts are opened remotely for legal entities whose founders are residents of the Republic of Uzbekistan, individual entrepreneurs, and legal entities residing in IT-Park with a non-resident founder. (Paragraph 6, third sub-paragraph amended in accordance with the Resolution of the Board of the Central Bank of the Republic of Uzbekistan dated October 27, 2025, No. 26/10 (Registration No. 3420-2, November 11, 2025) — , November 12, 2025, No. 10/25/3420-2/1039)

Banks are prohibited from requiring additional documents other than those specified in this Instruction.

Clients are responsible for the authenticity of the documents submitted for opening a bank account.

  1. In accordance with the requirements of legislative acts on combating the legalization of income obtained from criminal activities, financing of terrorism, and financing of the proliferation of weapons of mass destruction, the bank has the right to refuse to open a bank account for a client. [See previous edition.]

When opening bank accounts for non-resident legal entities who are participants in crypto-asset trading on crypto-exchanges, banks must examine such non-resident legal entities and the sources of origin of funds credited to their accounts in accordance with the "Know Your Customer" (KYC, e-KYC, and/or video-KYC) and "Combating the Legalization of Income Obtained from Criminal Activities and Financing of Terrorism" (AML/CFT) systems. (Paragraph 7, second sub-paragraph amended in accordance with the Resolution of the Board of the Central Bank of the Republic of Uzbekistan dated October 27, 2025, No. 26/10 (Registration No. 3420-2, November 11, 2025) — , November 12, 2025, No. 10/25/3420-2/1039)

[See previous edition.]

  1. In accordance with the requirements of the Financial Action Task Force (FATF) on financial measures to combat the legalization of income from criminal activities, banks may open bank accounts remotely for legal entities whose founders are residents of the Republic of Uzbekistan, individual entrepreneurs, and legal entities residing in IT-Park with a non-resident founder, provided that the necessary conditions exist for remote identification of applicants in accordance with the "Know Your Customer" (KYC, e-KYC, and/or video-KYC) and "Combating the Legalization of Income Obtained from Criminal Activities and Financing of Terrorism" (AML/CFT) systems. (Paragraph 8, first sub-paragraph amended in accordance with the Resolution of the Board of the Central Bank of the Republic of Uzbekistan dated October 27, 2025, No. 26/10 (Registration No. 3420-2, November 11, 2025) — , November 12, 2025, No. 10/25/3420-2/1039)

Opening a bank account remotely for business entities during the state registration process is carried out through the Automated System for State Registration and Accounting of Business Entities or by accepting the offer of a bank account contract posted on the bank's official website. [See previous edition.]

When bank accounts are opened remotely for legal entities whose founders are residents of the Republic of Uzbekistan, individual entrepreneurs, and legal entities residing in IT-Park with a non-resident founder, persons authorized to make payments (bank transactions) on their behalf are identified in the prescribed manner, and if their electronic digital signature or handwritten signature samples are obtained through electronic devices, a paper signature specimen sheet is not required. (Paragraph 8, third sub-paragraph amended in accordance with the Resolution of the Board of the Central Bank of the Republic of Uzbekistan dated October 27, 2025, No. 26/10 (Registration No. 3420-2, November 11, 2025) — , November 12, 2025, No. 10/25/3420-2/1039)

  1. All documents serving as the basis for opening bank accounts for legal entities, individual entrepreneurs, and peasant (farmer) farms that are bank clients, as well as copies of amendments and additions to these documents, are stored in opened legal folders for each client.

Information in legal folders may be formed electronically for each client through the bank's special software.

  1. The register of clients' bank accounts at banks is maintained in electronic form and must include the following information:

client's name;

for legal entities and peasant (farmer) farms organized as legal entities — Taxpayer Identification Number (TIN);

for individuals, individual entrepreneurs, and peasant (farmer) farms not organized as legal entities — Personal Identification Number of the Individual (PIN);

bank account number;

date of opening and closing of the bank account;

grounds for closing the bank account.

Other information may also be included in the register of bank accounts in accordance with the bank's internal documents.

Chapter 2. Procedure for Opening Bank Accounts

  1. Resident legal entities, individual entrepreneurs, and peasant (farmer) farms that are subjects of entrepreneurial activity submit the following documents to the bank to open demand deposit accounts in national and foreign currencies:

application for opening a bank account;

two signature specimen sheets; [See previous edition.]

original of the document confirming the identity of the person authorized to sign payment documents on behalf of the client (biometric passport or identification ID-card or driver's license of the new sample) or its electronic form issued through the Unified Interactive State Services Portal of the Republic of Uzbekistan and/or the "Social Card" mobile application. (Paragraph 11, fourth sub-paragraph amended in accordance with the Resolution of the Board of the Central Bank of the Republic of Uzbekistan dated October 27, 2025, No. 26/10 (Registration No. 3420-2, November 11, 2025) — , November 12, 2025, No. 10/25/3420-2/1039)

  1. Resident legal entities that are not subjects of entrepreneurial activity submit the following documents to the bank to open demand deposit accounts in national and foreign currencies:

application for opening a bank account;

signature specimen sheet; [See previous edition.]

founding documents (founding agreement, charter) of resident legal entities that are not subjects of entrepreneurial activity, as well as amendments and additions to them, and the original of the document confirming the identity of the person authorized to sign payment documents on behalf of the legal entity (biometric passport or identification ID-card or driver's license of the new sample) or its electronic form issued through the Unified Interactive State Services Portal of the Republic of Uzbekistan and/or the "Social Card" mobile application; (Paragraph 12, fourth sub-paragraph amended in accordance with the Resolution of the Board of the Central Bank of the Republic of Uzbekistan dated October 27, 2025, No. 26/10 (Registration No. 3420-2, November 11, 2025) — , November 12, 2025, No. 10/25/3420-2/1039)

document confirming registration with tax authorities (certificate).

  1. Representative offices and (or) branches of resident legal entities submit the following documents to the bank to open demand deposit accounts:

application for opening a bank account;

request from representative offices and (or) branches of resident legal entities (the request must indicate the "Taxpayer Identification Number" and "Unique Number" (client code));

signature specimen sheet signed by representative offices and (or) branches of resident legal entities; [See previous edition.]

document defining the powers granted to the representative office or branch, and the original of the document confirming the identity of the person authorized to sign payment documents on behalf of the representative office or branch (biometric passport or identification ID-card or driver's license of the new sample) or its electronic form issued through the Unified Interactive State Services Portal of the Republic of Uzbekistan and/or the "Social Card" mobile application. (Paragraph 13, fifth sub-paragraph amended in accordance with the Resolution of the Board of the Central Bank of the Republic of Uzbekistan dated October 27, 2025, No. 26/10 (Registration No. 3420-2, November 11, 2025) — , November 12, 2025, No. 10/25/3420-2/1039)

  1. An account 29801 — "Settlements with Clients" may be opened in national and/or foreign currency based on the request of founders (participants) to deposit initial contributions for forming the authorized capital of legal entities until they are registered with the state. In this case, the person authorized by the founders (participants) submits the following documents to the bank:

application for opening a bank account;

signature specimen sheet; [See previous edition.]

original of the document confirming the identity of the person authorized to sign payment documents on behalf of the founders (biometric passport or identification ID-card or driver's license of the new sample) or its electronic form issued through the Unified Interactive State Services Portal of the Republic of Uzbekistan and/or the "Social Card" mobile application. (Paragraph 14, fourth sub-paragraph amended in accordance with the Resolution of the Board of the Central Bank of the Republic of Uzbekistan dated October 27, 2025, No. 26/10 (Registration No. 3420-2, November 11, 2025) — , November 12, 2025, No. 10/25/3420-2/1039)

  1. After state registration, legal entities open a main account in accordance with the procedure established by this Instruction, and funds in account 29801 — "Settlements with Clients" are transferred to their main account based on their instructions, and account 29801 — "Settlements with Clients" is closed.

[See previous edition.]

  1. Non-resident legal entities (diplomatic missions, international organizations and their branches, representative offices of other foreign organizations not engaged in commercial activity, and permanent establishments) operating in the Republic of Uzbekistan, participants in open electronic auctions of commodity-exchange markets, foreign investors selling (buying) shares and corporate bonds in organized trades, as well as non-resident legal entities who are participants in crypto-asset trading on crypto-exchanges (hereinafter referred to as non-resident legal entities) submit the following documents to the bank to open demand deposit accounts: (Paragraph 16, first sub-paragraph amended in accordance with the Order of the Board of the Central Bank of the Republic of Uzbekistan dated October 25, 2023, No. 36/7 (Registration No. 3420-1, November 3, 2023) — , November 6, 2023, No. 10/23/3420-1/0829)

application for opening a bank account;

if otherwise provided by legislative acts, a copy of the certificate issued by tax authorities confirming the issuance of a Taxpayer Identification Number;

signature specimen sheet; [See previous edition.]

original of the document confirming the identity of the person authorized to sign payment documents on behalf of the non-resident legal entity (biometric passport or identification ID-card or driver's license of the new sample) or its electronic form issued through the Unified Interactive State Services Portal of the Republic of Uzbekistan and/or the "Social Card" mobile application; (Paragraph 16, fifth sub-paragraph amended in accordance with the Resolution of the Board of the Central Bank of the Republic of Uzbekistan dated October 27, 2025, No. 26/10 (Registration No. 3420-2, November 11, 2025) — , November 12, 2025, No. 10/25/3420-2/1039)

consular or notarized copy of the founding documents (founding agreement, charter) of the non-resident legal entity, as well as amendments and additions to them;

copy of the contract for brokerage services between the non-resident legal entity participating in open electronic auctions of the commodity-exchange market and the exchange broker; [See previous edition.]

for foreign investors selling (buying) shares and corporate bonds in organized trades — non-resident legal entities and investment intermediaries — copy of the contract for brokerage services; (Paragraph 16, eighth sub-paragraph amended in accordance with the Order of the Board of the Central Bank of the Republic of Uzbekistan dated October 25, 2023, No. 36/7 (Registration No. 3420-1, November 3, 2023) — , November 6, 2023, No. 10/23/3420-1/0829)

copy of the contract for establishing relations between the non-resident legal entity who is a participant in crypto-asset trading on the crypto-exchange and the crypto-exchange.

Bank accounts in foreign currencies for which official exchange rates against the sum are established by the Central Bank of the Republic of Uzbekistan may be opened for non-resident legal entities who are participants in crypto-asset trading on crypto-exchanges. [See previous edition.]

  1. Resident individuals submit an application for opening a bank account and the original of the document confirming their identity (biometric passport or identification ID-card or driver's license of the new sample) or its electronic form issued through the Unified Interactive State Services Portal of the Republic of Uzbekistan and/or the "Social Card" mobile application to the bank to open deposit and metal accounts in national and foreign currencies, except for cases of digital identification of clients.

Individuals registering as self-employed individuals submit, in addition to the documents specified in the first sub-paragraph of this paragraph, the original of the certificate confirming their registration as self-employed individuals or its electronic form issued through the Unified Interactive State Services Portal of the Republic of Uzbekistan and/or the "Social Card" mobile application.

Non-resident individuals must submit to the bank an application for opening a bank account, the original or electronic copy of the document certifying the identity of the non-resident individual (biometric passport or identification ID card or driver's license of the new sample), and a document confirming the presence (residence) of the non-resident individual in the Republic of Uzbekistan. Exceptions apply to foreign specialists who are residents of IT-Park and have obtained a Personal Identification Number (PIN) through diplomatic missions (consular institutions) of the Republic of Uzbekistan abroad, where remote opening of bank accounts is possible using digital identification (Face-ID) or relying on the bank's "Know Your Customer" (KYC, e-KYC and/or video-KYC) and "Anti-Money Laundering/Combating the Financing of Terrorism" (AML/CFT) systems.

Banks may require documents confirming that non-resident individuals are registered for a permanent (not less than three months) period and are engaged in activity in the Republic of Uzbekistan (information regarding permanent or temporary registration in the Republic of Uzbekistan, documents confirming employment or study, and documents confirming sources of income).

Foreign specialists who are residents of IT-Park and have obtained a Personal Identification Number (PIN) through diplomatic missions (consular institutions) of the Republic of Uzbekistan abroad may open bank accounts remotely.

If a non-resident individual has previously opened a bank account at a specific bank, they may open other bank accounts at that same bank remotely.

Non-resident individuals who have obtained a special tax regime must additionally submit to the bank a decision on the provision of the special tax regime.

Deposit accounts for resident and non-resident individuals are opened based on the Personal Identification Number (PIN). (Paragraph 17 in the edition of Resolution No. 26/10 dated October 27, 2025 of the Board of Directors of the Central Bank of the Republic of Uzbekistan (registration number 3420-2, 11.11.2025) — , 12.11.2025 y., 10/25/3420-2/1039-number) See previous edition.

17 1 . For opening deposits and metal accounts in national and foreign currencies in the name of a minor under fourteen years old, an application for opening an account must be submitted by one of the parents or their substitute (legal representative). The original or electronic form provided through the Single Interactive State Services Portal of the Republic of Uzbekistan and/or the "Social Card" mobile application of the minor's identity document (birth certificate) and the original or electronic form provided through the Single Interactive State Services Portal of the Republic of Uzbekistan and/or the "Social Card" mobile application of the identity document of one of the parents or their substitute (legal representative) (biometric passport or identification ID card or driver's license of the new sample) must be submitted.

In cases where the personal identification number (PIN) of the individual is not indicated in the identity document of the minor, information about the individual's personal identification number must also be submitted.

17 2 . Minors aged from fourteen to eighteen years may independently open the accounts specified in paragraph 17 1 of this Instruction. In this case, these individuals personally submit an application to the bank for opening an account and the original or electronic form provided through the Single Interactive State Services Portal of the Republic of Uzbekistan and/or the "Social Card" mobile application of their identity document (birth certificate, biometric passport or identification ID card or driver's license of the new sample), except in cases of digital identification of customers.

The bank account contract for minor individuals must stipulate that the bank informs one of the parents or their substitutes (legal representatives) about suspicious operations related to their underage children.

17 3 . Deposit accounts may be opened in the name of an interested child for the purpose of accumulating pensions, allowances, alimony, and other payments payable to orphaned or deprived children of parental care raised (placed) in orphanages, Children's Houses, "Muruvvat" children's boarding houses, branches of the "SOS - Uzbekistan Children Villages" association, small-sized children's homes, foster families, and other fully state-supported institutions or other organizations, upon appeal from the "Human" Social Services Center.

Deposit accounts may be opened in the name of an interested child for pensions, allowances, and alimony payable to a child placed in "Muruvvat" children's boarding houses who is not an orphan or deprived of parental care, upon appeal by one of the parents or their substitutes (legal representatives). The use of funds accumulated in the account is determined by the contract for opening the account. (Parentheses 17 1 — 17 3 paragraphs were introduced based on Resolution No. 26/10 dated October 27, 2025 of the Board of Directors of the Central Bank of the Republic of Uzbekistan (registration number 3420-2, 11.11.2025) — , 12.11.2025 y., 10/25/3420-2/1039-number)

  1. When a bank account is opened for a resident individual through digital identification, submission of a document certifying the individual's identity is not required, and documents serving as the basis for opening the bank account are stored in electronic form.

  2. Legal entities and individual entrepreneurs submit an application for opening secondary, savings and time deposit, and metal accounts at the servicing bank. This application may also be submitted in electronic form.

  3. Legal entities and individual entrepreneurs must submit the documents envisaged for opening the main account when opening secondary, savings and time deposit, and metal accounts at other banks.

  4. Reorganized legal entities submit the documents specified in this chapter of this Instruction for opening main and secondary accounts.

  5. Special purpose accounts to which enforcement proceedings cannot be applied, in accordance with legislation, are opened based on the application of economic operators and in accordance with the relevant resolution of the Cabinet of Ministers of the Republic of Uzbekistan. See previous edition.

  6. When a bank opens a representation account at the Central Bank or another bank, and also when an organization authorized to open representation accounts opens a representation account at the Central Bank, a contract is concluded between them regarding mutual representation relations. (Paragraph 23 in the edition of Order No. 36/7 dated October 25, 2023 of the Board of Directors of the Central Bank of the Republic of Uzbekistan (registration number 3420-1, 03.11.2023) — , 06.11.2023 y., 10/23/3420-1/0829-number) See previous edition.

  7. When a bank opens a representation account in national and foreign currencies at the Central Bank or another bank, and also when an organization authorized to open representation accounts opens a representation account at the Central Bank, the following documents are submitted: (The first subparagraph of Paragraph 24 in the edition of Order No. 36/7 dated October 25, 2023 of the Board of Directors of the Central Bank of the Republic of Uzbekistan (registration number 3420-1, 03.11.2023) — , 06.11.2023 y., 10/23/3420-1/0829-number) See previous edition.

an application for opening a representation account indicating all details of the bank or the organization authorized to open a representation account; (The second subparagraph of Paragraph 24 in the edition of Order No. 36/7 dated October 25, 2023 of the Board of Directors of the Central Bank of the Republic of Uzbekistan (registration number 3420-1, 03.11.2023) — , 06.11.2023 y., 10/23/3420-1/0829-number)

a sheet with specimen signatures.

  1. Non-resident banks (hereinafter referred to as non-resident banks in the text) submitting the following documents for opening representation accounts at banks:

an application for opening a representation account indicating the full name of the non-resident bank and its legal address in the state where it is registered;

a sheet with specimen signatures;

a legalized or apostilled copy of the license issued by the competent authority of the state where it is registered;

information on the implementation of international standards in the field of combating money laundering, terrorist financing, and financing of the proliferation of weapons of mass destruction by the non-resident bank and the state where it is registered.

  1. Account 29801 — "Settlements with Customers" may be opened at the Central Bank or a commercial bank based on the appeal of the founders of a newly established bank for the purpose of forming the bank's charter capital and raising funds for fees and charges payable before the bank is registered. In this case, the founders submit the following documents to the bank:

an application for opening a bank account;

a sheet with specimen signatures; See previous edition.

the original or electronic form provided through the Single Interactive State Services Portal of the Republic of Uzbekistan and/or the "Social Card" mobile application of the identity document of the person authorized to sign payment documents on behalf of the customer (biometric passport or identification ID card or driver's license of the new sample). (The fourth subparagraph of Paragraph 26 in the edition of Resolution No. 26/10 dated October 27, 2025 of the Board of Directors of the Central Bank of the Republic of Uzbekistan (registration number 3420-2, 11.11.2025) — , 12.11.2025 y., 10/25/3420-2/1039-number)

  1. After obtaining a license granting the right to carry out banking activities, funds in account 29801 — "Settlements with Customers" are transferred to the opened representation account based on the instruction of the founders in the prescribed manner, and account 29801 — "Settlements with Customers" is closed.

Chapter 3. Procedure for Maintaining Bank Accounts

  1. The form of the sheet with specimen signatures, as well as the number of sheets with specimen signatures submitted by resident legal entities that are not business entities and non-resident legal entities, is determined in accordance with the bank's internal documents.

The sheet with specimen signatures must contain the following:

the name (surname, name, patronymic) of the customer;

the surname, name, patronymic of persons granted signature authority and their personally affixed signatures;

in cases where legislation requires the presence of a seal for legal entities — the impression of the seal.

Other information may also be included in the sheet with specimen signatures in accordance with the bank's internal documents. See previous edition.

  1. Banks may identify resident individuals indicated in the sheet with specimen signatures through digital identification when remotely opening bank accounts for legal entities whose founders are residents of the Republic of Uzbekistan, individual entrepreneurs, and legal entities that are residents of IT-Park but have a non-resident founder. (Paragraph 29 in the edition of Resolution No. 26/10 dated October 27, 2025 of the Board of Directors of the Central Bank of the Republic of Uzbekistan (registration number 3420-2, 11.11.2025) — , 12.11.2025 y., 10/25/3420-2/1039-number)

  2. Signature specimens must be affixed by the bank customer themselves. A facsimile signature of a disabled person may be used only if the disabled person does not have the opportunity to sign documents with their own hand due to physical disabilities.

Signatures of persons granted signature authority are affixed with the participation of a bank employee, except in cases of remote opening of bank accounts.

  1. If one of the persons authorized by the head temporarily changes, a supplementary sheet with the specimen signature of the temporarily authorized person and the validity period is submitted. This supplementary sheet is signed and sealed by the head (sealing is not required for subjects of entrepreneurial activity).

  2. An impression of the main seal of the legal entity or the seal of the legal entity's branch or representative office must be affixed to the sheet with specimen signatures. Use of seals for separate purposes ("For Packages", "For Permits", "For Office", "For Information", "For Certificates", etc.) unrelated to payment documents is not permitted.

When the seal is replaced or lost, a deadline is given by the bank's authorized employee for preparing the seal based on the petition signed by persons with first and second signature rights. This deadline may not exceed thirty calendar days. At the same time, the bank's authorized employee (chief accountant or their deputy) determines the procedure for processing payment documents without a seal, allowing documents to be submitted without a seal impression depending on the situation.

The requirements of this paragraph do not apply to subjects of entrepreneurial activity.

  1. The owner of the bank account must notify the servicing bank in writing or electronically within five working days of any change in their address.

  2. Resident legal entities that are not business entities and budget-funded organizations, representative offices and branches of resident legal entities, and non-resident legal entities must submit copies of amendments and additions made to their founding documents (founding agreement, charter) to the bank within three working days if the information specified in the founding documents (founders, members, or other information) changes.

  3. Operations on a bank account may be suspended only by order of the bank account owner or by decision of an official, investigator, or investigator of the body conducting pre-trial investigation, or according to a court ruling, as well as in other cases envisaged by legislation. In such cases, funds are frozen only up to the amount specified in the decision or ruling.

Suspension of operations on accounts of subjects of entrepreneurial activity at banks is carried out in court order, except in cases envisaged by legislation.

  1. Requests for temporary suspension of withdrawal operations from all bank accounts are formed only by the bank that opened the main deposit account, in cases envisaged by legislation.

  2. Customers may obtain information about all their bank accounts opened at other banks through the bank where they opened their main account.

  3. In accordance with the requirements of the Law of the Republic of Uzbekistan "On Insolvency", procedures for pre-bankruptcy sanation, external management, and liquidation are applied to debtor legal entities and individual entrepreneurs, and accordingly, the status of a special account for pre-bankruptcy sanation or a single account for settlement with creditors is assigned to their main account.

The procedure for using a special account for pre-bankruptcy sanation or a single account for settlement with creditors, based on the requirements of this law, is regulated by legislative acts.

Chapter 4. Procedure for Transferring the Main Account to Another Bank and Closing Bank Accounts

  1. To open a main account at another bank, the customer submits the documents envisaged in Chapter 2 of this Instruction. Based on these documents, the bank opening the main account opens account 29801 — "Settlements with Customers" for the customer.

The customer returns checkbooks and payment terminals (if available) to the bank, submits an application for transferring the main account to another bank, and submits a payment order for transferring the balance of funds in the main account to account 29801 — "Settlements with Customers" at the bank where the main account is being opened.

The bank transferring the main account to another bank forms a request to BDMAAB for transferring the main account to another bank after executing the customer's payment order for transferring the balance of funds to account 29801 — "Settlements with Customers". This request remains active for three working days. If the main account is not opened within this period, the bank closing the main account re-forms the request.

After funds are credited to account 29801 — "Settlements with Customers" at the bank where the main account is being opened, a new main account is opened. In this case, funds in account 29801 — "Settlements with Customers" are transferred to the main account by the bank via a memorandum order, and account 29801 — "Settlements with Customers" is closed.

When the customer's main account is transferred to another bank, their secondary accounts are not closed, and all information outside the control key of the main account remains unchanged.

After incoming payments and execution documents related to the transferred main account are registered, they are returned indicating the name of the bank (branch) where the new main account was opened.

  1. Special purpose accounts opened by economic operators in accordance with resolutions of the Cabinet of Ministers of the Republic of Uzbekistan, which are not subject to enforcement proceedings, are closed on the working day following the expiration date of the temporary usage period specified in these resolutions. The remaining balance of funds in these accounts is transferred to the main account of the economic operator by the bank via a memorandum order.

In this case, no application is required to close these accounts.

  1. The contract may be terminated at any time upon the customer's application or upon occurrence of circumstances specified therein. Termination of the contract serves as the basis for closing the customer's bank account.

Bank accounts may also be closed if the contract is terminated through the court.

  1. Entrepreneurial subjects that have entered a state of inactivity without carrying out financial and economic activity, as recorded by the registering authority, are considered to have terminated their contract from the day they are removed from the state register.

  2. Closure of bank accounts of entrepreneurial subjects undergoing voluntary liquidation and/or not carrying out financial and economic activity is carried out in accordance with Resolution No. 704 dated August 21, 2019 of the Cabinet of Ministers of the Republic of Uzbekistan "On Approval of Regulations on the Procedure for Voluntary Liquidation of Entrepreneurial Subjects and Suspension of Their Activities and Removal of Entrepreneurial Subjects Not Carrying Out Financial and Economic Activity from the State Register".

  3. Closure of bank accounts of non-governmental non-profit organizations during their liquidation is carried out in accordance with the Regulation on the Procedure for Liquidation of Non-Governmental Non-Profit Organizations approved by Resolution No. 5 dated January 15, 2015 of the Cabinet of Ministers of the Republic of Uzbekistan.

  4. For closure of activities of economic operators not envisaged in paragraphs 43 and 44 of this Instruction, and cessation of activity of individual entrepreneurs, they must apply to the servicing bank with an application and return unused checks and payment terminals (if available). Before closing the main account of these subjects, all secondary accounts opened for them are closed based on their application.

Before closing the main account of these subjects, the existence of tax debt is checked through the interdepartmental integration platform of the "Electronic Government" system. If tax debt exists, closing the main account is not permitted.

If there are debts under contracts entered into the Unified Electronic Information System for Foreign Trade Operations of economic operators, the main account is closed in the prescribed manner after such debts are written off in accordance with Resolution No. 216 dated April 14, 2021 of the Cabinet of Ministers of the Republic of Uzbekistan "On Approval of the Regulation on the Procedure for Writing Off Hopeless Debts from the Unified Electronic Information System for Foreign Trade Operations".

  1. When bank accounts are closed, the bank's authorized employee must carefully review all entries made to this bank account since the day the last extract was issued to the customer, ensure the correctness of the final balance taking into account interest calculated and paid for loans and bank services, make entries related to the account being closed, and sign them. See previous edition.

The bank account is closed after the remaining balance of funds, free from all submitted claims of the customer, is transferred to another account based on the instruction of the customer (liquidator). (The second subparagraph of Paragraph 46 in the edition of Resolution No. 26/10 dated October 27, 2025 of the Board of Directors of the Central Bank of the Republic of Uzbekistan (registration number 3420-2, 11.11.2025) — , 12.11.2025 y., 10/25/3420-2/1039-number) See previous edition.

  1. Representation accounts of banks or organizations authorized to open representation accounts are closed based on their application to terminate representation relations, as well as based on legislative acts on the liquidation of banks or organizations authorized to open representation accounts. (Paragraph 47 in the edition of Order No. 36/7 dated October 25, 2023 of the Board of Directors of the Central Bank of the Republic of Uzbekistan (registration number 3420-1, 03.11.2023) — , 06.11.2023 y., 10/23/3420-1/0829-number)

Chapter 5. Final Provisions

  1. Persons violating the requirements of this Instruction are liable in accordance with legislative acts. Resolution No. 30/18 dated January 4, 2023 of the Board of Directors of the Central Bank of the Republic of Uzbekistan

APPENDIX 2

List of Departmental Normative-Legal Documents Being Recognized as Lost Force

  1. Resolution No. 18/6 dated August 23, 2008 of the Board of Directors of the Central Bank of the Republic of Uzbekistan "On Approval of the Regulation on the National Information Base of Bank Depositors of the Republic of Uzbekistan and the Procedure for Assigning Specific Numbers to Customers and Maintaining the Register of Bank Accounts" (registration number 1863, September 27, 2008) (Collection of Legislation of the Republic of Uzbekistan, 2008, Nos. 40-41, Article 414).

  2. Resolution No. 18/5 dated May 11, 2010 of the Board of Directors of the Central Bank of the Republic of Uzbekistan "On Amendments to the Regulation on the National Information Base of Bank Depositors of the Republic of Uzbekistan and the Procedure for Assigning Specific Numbers to Customers and Maintaining the Register of Bank Accounts" (registration number 1863-1, May 25, 2010) (Collection of Legislation of the Republic of Uzbekistan, 2010, No. 21, Article 163).

  3. Resolution No. 7/1 dated March 14, 2014 of the Board of Directors of the Central Bank of the Republic of Uzbekistan "On Amendments to the Regulation on the National Information Base of Bank Depositors of the Republic of Uzbekistan and the Procedure for Assigning Specific Numbers to Customers and Maintaining the Register of Bank Accounts" (registration number 1863-2, April 2, 2014) (Collection of Legislation of the Republic of Uzbekistan, 2014, No. 14, Article 159).

  1. Decision of the Board of the Central Bank of the Republic of Uzbekistan No. 32/3 dated September 20, 2014 "On Amendments and Additions to the Regulation on the Procedure for Opening, Maintaining, and Closing Bank Accounts of the Republic of Uzbekistan Bank Depositors and Issuing Unique Numbers to Clients in the National Information Base of Bank Depositors of the Republic of Uzbekistan" (Registration No. 1863-3, September 30, 2014) (Collection of Legislation of the Republic of Uzbekistan, 2014, No. 40, Article 503).

  2. Decision of the Board of the Central Bank of the Republic of Uzbekistan No. 41/1 dated December 28, 2016 "On Amendments to the Regulation on the Procedure for Opening, Maintaining, and Closing Bank Accounts of the Republic of Uzbekistan Bank Depositors and Issuing Unique Numbers to Clients in the National Information Base of Bank Depositors of the Republic of Uzbekistan" (Registration No. 1863-4, January 5, 2017) (Collection of Legislation of the Republic of Uzbekistan, 2017, No. 1, Article 21).

  3. Decision of the Board of the Central Bank of the Republic of Uzbekistan No. 14/5 dated June 24, 2017 "On Amendments to the Regulation on the Procedure for Opening, Maintaining, and Closing Bank Accounts of the Republic of Uzbekistan Bank Depositors and Issuing Unique Numbers to Clients in the National Information Base of Bank Depositors of the Republic of Uzbekistan" (Registration No. 1863-5, July 4, 2017) (Collection of Legislation of the Republic of Uzbekistan, 2017, No. 27, Article 628).

  4. Decision of the Board of the Central Bank of the Republic of Uzbekistan No. 30/9 dated September 22, 2018 "On Amendments and Additions to the Regulation on the Procedure for Opening, Maintaining, and Closing Bank Accounts of the Republic of Uzbekistan Bank Depositors and Issuing Unique Numbers to Clients in the National Information Base of Bank Depositors of the Republic of Uzbekistan" (Registration No. 1863-6, October 26, 2018) (National Database of Legal Information, October 27, 2018, No. 10/18/1863-6/2118).

  5. Decision of the Board of the Central Bank of the Republic of Uzbekistan No. 7/5 dated April 15, 2019 "On Amendments to the Regulation on the Procedure for Opening, Maintaining, and Closing Bank Accounts of the Republic of Uzbekistan Bank Depositors and Issuing Unique Numbers to Clients in the National Information Base of Bank Depositors of the Republic of Uzbekistan" (Registration No. 1863-7, May 14, 2019) (National Database of Legal Information, May 14, 2019, No. 10/19/1863-7/3125).

  6. Decision of the Board of the Central Bank of the Republic of Uzbekistan No. 33/7 dated December 28, 2019 "On Amendments and Additions to the Regulation on the Procedure for Opening, Maintaining, and Closing Bank Accounts of the Republic of Uzbekistan Bank Depositors and Issuing Unique Numbers to Clients in the National Information Base of Bank Depositors of the Republic of Uzbekistan" (Registration No. 1863-8, January 23, 2020) (National Database of Legal Information, January 23, 2020, No. 10/20/1863-8/0074).

  7. Decision of the Board of the Central Bank of the Republic of Uzbekistan No. 7/2 dated March 16, 2009 "On Approval of the Instruction on Bank Accounts Opened in Banks of the Republic of Uzbekistan" (Registration No. 1948, April 27, 2009) (Collection of Legislation of the Republic of Uzbekistan, 2009, No. 18, Article 229).

  8. Decision of the Board of the Central Bank of the Republic of Uzbekistan No. 16/1 dated May 23, 2009 "On Amendments to the Instruction on Bank Accounts Opened in Banks of the Republic of Uzbekistan" (Registration No. 1948-1, June 20, 2009) (Collection of Legislation of the Republic of Uzbekistan, 2009, No. 26, Article 300).

  9. Decision of the Board of the Central Bank of the Republic of Uzbekistan No. 29/4 dated October 17, 2009 "On Amendments and Additions to the Instruction on Bank Accounts Opened in Banks of the Republic of Uzbekistan" (Registration No. 1948-2, November 3, 2009) (Collection of Legislation of the Republic of Uzbekistan, 2009, No. 45, Article 487).

  10. Decision of the Board of the Central Bank of the Republic of Uzbekistan No. 38/10 dated December 26, 2009 "On Amendments and Additions to the Instruction on Bank Accounts Opened in Banks of the Republic of Uzbekistan" (Registration No. 1948-3, January 28, 2010) (Collection of Legislation of the Republic of Uzbekistan, 2010, No. 3-4, Article 35).

  11. Decision of the Board of the Central Bank of the Republic of Uzbekistan No. 25/3 dated July 24, 2010 "On Amendments to the Instruction on Bank Accounts Opened in Banks of the Republic of Uzbekistan" (Registration No. 1948-4, September 22, 2010) (Collection of Legislation of the Republic of Uzbekistan, 2010, No. 38, Article 337).

  12. Decision of the Board of the Central Bank of the Republic of Uzbekistan No. 22/3 dated July 23, 2011 "On Amendments and Additions to the Instruction on Bank Accounts Opened in Banks of the Republic of Uzbekistan" (Registration No. 1948-5, August 16, 2011) (Collection of Legislation of the Republic of Uzbekistan, 2011, No. 32-33, Article 342).

  13. Decision of the Board of the Central Bank of the Republic of Uzbekistan No. 26/3 dated September 10, 2011 "On Additions to the Instruction on Bank Accounts Opened in Banks of the Republic of Uzbekistan" (Registration No. 1948-6, September 22, 2011) (Collection of Legislation of the Republic of Uzbekistan, 2011, No. 38, Article 392).

  14. Decision of the Board of the Central Bank of the Republic of Uzbekistan No. 22/1 dated July 28, 2012 "On Amendments and Additions to the Instruction on Bank Accounts Opened in Banks of the Republic of Uzbekistan" (Registration No. 1948-7, July 31, 2012) (Collection of Legislation of the Republic of Uzbekistan, 2012, No. 31, Article 362).

  15. Decision of the Board of the Central Bank of the Republic of Uzbekistan No. 12/3 dated April 19, 2014 "On Amendments and Additions to the Instruction on Bank Accounts Opened in Banks of the Republic of Uzbekistan" (Registration No. 1948-8, April 30, 2014) (Collection of Legislation of the Republic of Uzbekistan, 2014, No. 18, Article 205).

  16. Decision of the Board of the Central Bank of the Republic of Uzbekistan No. 47/10 dated December 30, 2014 "On Amendments and Additions to the Instruction on Bank Accounts Opened in Banks of the Republic of Uzbekistan" (Registration No. 1948-9, February 9, 2015) (Collection of Legislation of the Republic of Uzbekistan, 2015, No. 6, Article 73).

  17. Decision of the Board of the Central Bank of the Republic of Uzbekistan No. 24/3 dated September 5, 2015 "On Amendments and Additions to the Instruction on Bank Accounts Opened in Banks of the Republic of Uzbekistan" (Registration No. 1948-10, September 15, 2015) (Collection of Legislation of the Republic of Uzbekistan, 2015, No. 37, Article 493).

  18. Decision of the Board of the Central Bank of the Republic of Uzbekistan No. 15/3 dated May 26, 2016 "On Amendments and Additions to the Instruction on Bank Accounts Opened in Banks of the Republic of Uzbekistan" (Registration No. 1948-11, June 13, 2016) (Collection of Legislation of the Republic of Uzbekistan, 2016, No. 24, Article 294).

  19. Decision of the Board of the Central Bank of the Republic of Uzbekistan No. 4/5 dated March 4, 2017 "On Amendments and Additions to the Instruction on Bank Accounts Opened in Banks of the Republic of Uzbekistan" (Registration No. 1948-12, March 24, 2017) (Collection of Legislation of the Republic of Uzbekistan, 2017, No. 12, Article 192).

  20. Decision of the Board of the Central Bank of the Republic of Uzbekistan No. 26/13 dated September 23, 2017 "On Amendments to the Instruction on Bank Accounts Opened in Banks of the Republic of Uzbekistan" (Registration No. 1948-13, October 10, 2017) (National Database of Legal Information, October 11, 2017, No. 10/17/1948-13/0089).

  21. Decision of the Board of the Central Bank of the Republic of Uzbekistan No. 35/6 dated December 30, 2017 "On Amendments to the Instruction on Bank Accounts Opened in Banks of the Republic of Uzbekistan" (Registration No. 1948-14, January 17, 2018) (National Database of Legal Information, January 17, 2018, No. 10/18/1948-14/0583).

  22. Decision of the Board of the Central Bank of the Republic of Uzbekistan No. 24/7 dated July 14, 2018 "On Amendments and Additions to the Instruction on Bank Accounts Opened in Banks of the Republic of Uzbekistan" (Registration No. 1948-15, August 9, 2018) (National Database of Legal Information, August 10, 2018, No. 10/18/1948-15/1688).

  23. Decision of the Board of the Central Bank of the Republic of Uzbekistan No. 30/8 dated September 22, 2018 "On Amendments and Additions to the Instruction on Bank Accounts Opened in Banks of the Republic of Uzbekistan" (Registration No. 1948-16, October 25, 2018) (National Database of Legal Information, October 25, 2018, No. 10/18/1948-16/2099).

  24. Decision of the Board of the Central Bank of the Republic of Uzbekistan No. 3/4 dated February 16, 2019 "On Amendments to the Instruction on Bank Accounts Opened in Banks of the Republic of Uzbekistan" (Registration No. 1948-17, February 20, 2019) (National Database of Legal Information, February 20, 2019, No. 10/19/1948-17/2655).

  25. Decision of the Board of the Central Bank of the Republic of Uzbekistan No. 18/4 dated August 10, 2019 "On Amendments to the Instruction on Bank Accounts Opened in Banks of the Republic of Uzbekistan" (Registration No. 1948-18, August 23, 2019) (National Database of Legal Information, August 23, 2019, No. 10/19/1948-18/3620).

  26. Decision of the Board of the Central Bank of the Republic of Uzbekistan No. 33/6 dated December 28, 2019 "On Amendments and Additions to the Instruction on Bank Accounts Opened in Banks of the Republic of Uzbekistan" (Registration No. 1948-19, February 10, 2020) (National Database of Legal Information, February 10, 2020, No. 10/20/1948-19/0148). (February 9, 2023, No. 10/23/3420/0081; November 6, 2023, No. 10/23/3420-1/0829; August 19, 2024, No. 10/24/3552/0630; November 12, 2025, No. 10/25/3420-2/1039)

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