BeOne
BeOne is a professional services firm based in Uzbekistan that offers a wide range of consulting services.
ABOUT US
We provide a wide range of high-quality consulting services to domestic and foreign companies doing business in Uzbekistan and internationally.
Our team is a unique blend of global expertise and local insight. Before joining BeOne, our people worked at various domestic and international companies, including Big Four firms.
Our team is a unique blend of global expertise and local insight. Before joining BeOne, our people worked at various domestic and international companies, including Big Four firms.
We are a trusted business partner for our clients. Our strategic partnership network spans far beyond Uzbekistan and encompasses more than 4,000 professionals based in different countries, enabling us to respond to our clients’ needs across a range of geographies.
FOCUS ON SPECIALIZATION
Specialization is at the core of BeOne’s development agenda. Our professionals have a wealth of experience and knowledge in areas such as business process optimization, risk management, national and local taxation, accounting, business process operations, etc.
RESULT ORIENTATION
BeOne offers effective solutions to achieve the best results in all areas of business. We are committed to providing the highest-quality services tailored to our clients’ needs, while maintaining professional ethics and accountability.
STRATEGIC PARTNERSHIP
We strive to become part of a client’s team and their strategic partner by delivering consistently high-quality services. Client satisfaction is a primary goal for BeOne.VALUE CREATION
What distinguishes us is our focus on creating greater value for our clients and building lasting relationships with them based on shared priorities and principles and a collaborative culture.
CONSULTING, TECHNOLOGY AND TRANSACTIONS
The business landscape is changing almost daily, as are customer expectations. We help companies adapt to changes, manage risks, strengthen their market position and achieve performance improvements. We also assist clients in entering new markets and carrying out transactions of any kind.
Our consulting services cover supply chain management, design of technology solutions and implementation of cybersecurity protection. We help our clients address complex issues and capture growth opportunities.
By leveraging our consultants’ experience, companies across economic sectors can get a fresh perspective on their competitive advantages and strategic priorities, and apply innovative solutions to improve their market positioning.
Whatever our clients' objectives – to acquire or divest a business or assets, restructure or value a business, or explore new market opportunities – we can help to accomplish them.
In today’s rapidly evolving business environment, we assist clients in achieving balanced growth. We are ready to support them throughout the transaction lifecycle, helping to save time, mitigate risks and drive future success.
Our consulting services cover supply chain management, design of technology solutions and implementation of cybersecurity protection. We help our clients address complex issues and capture growth opportunities.
By leveraging our consultants’ experience, companies across economic sectors can get a fresh perspective on their competitive advantages and strategic priorities, and apply innovative solutions to improve their market positioning.
Whatever our clients' objectives – to acquire or divest a business or assets, restructure or value a business, or explore new market opportunities – we can help to accomplish them.
In today’s rapidly evolving business environment, we assist clients in achieving balanced growth. We are ready to support them throughout the transaction lifecycle, helping to save time, mitigate risks and drive future success.
What BeOne offers
Strategy
Sales development
Governance structure
- Corporate business model
- Corporate development strategy
- Functional strategies
Sales development
- Commercial strategy
- Pricing models
- Customer experience enhancement
- Sales excellence and commercial operations management models
Governance structure
- Operating model: organizational and functional structure, business processes, distribution of roles and responsibilities, KPIs
- Process-based management
- Results-based management
- Transformation project office
- Organizational design in the context of business integration/separation
- Enhancing labor productivity and organizational efficiency
- Transforming production and support functions and the organizational model
- Implementing lean production systems
- Streamlining support functions
- Cutting costs
- Integrated planning
- Streamlining supply chains
- Implementing category management
- Optimizing stock levels
- Streamlining the procurement function
- Implementing digital solutions
- MRO operational model
- Digital MRO
- Supplier relationship management
Strategy
Processes
- SSC optimization
- SSC industry study and process benchmarking
- Outsourcing support services
Methodology
- Maturity assessment
- Benchmarking
- Defining the target state
- Designing development and optimization initiatives
- Creating a road map
- Building an IPO-ready finance function
- Assessing IPO readiness, identifying gaps and preparing a development plan
Processes
- Optimizing finance and other back-office functions and end-to-end processes
- Shared services centers (SSC) and outsourcing:
- SSC optimization
- SSC industry study and process benchmarking
- Outsourcing support services
- Building target operating models for treasury, financial accounting and reporting, and management accounting
- Automating financial accounting and reporting, management accounting, and treasury processes
Methodology
- Designing corporate reporting systems and corporate data models
- Developing a target management reporting package
- Designing and implementing a target budgeting methodology and building a target budgeting process
- Reducing financial reporting (RAS and IFRS) and period-close times
- Preparing target regulations (financial close and reporting process and schedule) and methodologies (accrual and intra-group accounting methodologies)
Commercial transformation
Supply chain management
Planning and forecasting
Smart store
Omnichanneling
Strategy
- B1’s unique digital dynamic pricing product
- Promotions and rebates
- Product range optimization
- Retail space management and planogramming
Supply chain management
- Logistics strategy development
- Supply chain modeling
- Warehousing and transport optimization
- Determining the target service level and optimizing delivery to customers
Planning and forecasting
- Sales forecasting and planning
- Integrated business planning and budgeting
- Stock optimization and stock availability management
- Working capital analysis and optimization
Smart store
- Retail process efficiency
- Cost optimization
- Standards and controls
- Workforce performance
Omnichanneling
- Online retail model and its transformation to omnichannel
- Improving customer experience through customer journey analysis
- Proposing improvements based on customer feedback
- Analysis and recommendations to keep up with the pace of change
Strategy
- Developing strategies and value propositions for particular retail formats and an overall retail strategy
- Exploring strategic development alternatives for a retail chain
- Holding strategic sessions
- Supporting the launch of new business models
- Actuarial advisory for IFRS 17 purposes, training and support in transitioning to IFRS 17
- Automation of actuarial calculations and reports in accordance with IFRS 17
- Assessing reserves maintained by insurance companies and private pension funds as part of financial, tax and actuarial due diligence to evaluate the attractiveness of the proposed deal
- Solvency assessment of insurance companies, including the assessment of statutory reserves and the impact of risks on capital requirements
- Actuarial due diligence of insurance companies/private pension funds for buy/sell transactions
- Validation and development of insurance tariff schemes based on multifactor models
- Corporate and financial instrument valuation
- Business modeling
- Economic advisory
- Fairness opinion
- Property valuation:
- Financial reporting
- Asset management:
- Technology and operations due diligence
Mergers and acquisitions
Turnaround and restructuring strategy
Transaction strategy and execution
- M&A advisory
Turnaround and restructuring strategy
- Independent business review
- Independent financial monitoring
- Short-term cash flow forecasting
- Financial restructuring
- Operational restructuring
Transaction strategy and execution
- Post-merger integration
- Carve-out
- Market exit strategy
Transaction diligence
Transaction diligence: Financial services sector
- Buy-side financial due diligence
- Sell-side financial analysis
- Transaction support
- Analytics for lenders and borrowers
Transaction diligence: Financial services sector
- Investment search
- Pre-investment due diligence
- Business valuation
- Purchase price allocation
- Business separation
Technology solution delivery – enterprise and industry applications
Data and analytics
IT development
IT excellence
- Enterprise resource planning based on 1С (all configurations)
- Enterprise resource planning based on SAP S/4HANA including SAP S/4HANA RISE with SAP
- Customer relationship management and marketplaces
- Production and quality management
- Repair management
- Supply chain management
- Automated business process analysis and robotic process automation
- Procurement solutions
Data and analytics
- Data governance transformation
- Data engineering (single data repository, data warehouse, data lake, integration)
- Dashboards and interactive reports
- Building budgeting, investment planning, scenario and portfolio analysis and comprehensive financial modeling systems
- Predictive analytics, machine learning and artificial intelligence
IT development
- Development methodology (Agile, Safe)
- User experience (UI/UX)
- Custom development
- Integration
- In-house products
IT excellence
- Digital and IT strategy
- Development of an IT architecture for business applications
- IT localization
- Reduction of time to market
- IT operating model
- IT cost reduction
- IT project management outsourcing
TAX CONSULTING
Our objective is to minimize our clients’ tax burden by offering optimal solutions in situations that may potentially lead to tax risks.
Careful tax planning is crucial for any business, regardless of scale.
Clients often have to adapt quickly to new and ever-changing conditions in order to comply with emerging local and international tax regulations.
Our team of seasoned professionals can help you throughout your growth journey and assist in implementing the most effective solutions.
Careful tax planning is crucial for any business, regardless of scale.
Clients often have to adapt quickly to new and ever-changing conditions in order to comply with emerging local and international tax regulations.
Our team of seasoned professionals can help you throughout your growth journey and assist in implementing the most effective solutions.
What BeOne offers
- Consulting on the preferred form of business presence in Uzbekistan, taking into account planned activities
- Assistance in designing the most tax-effective ownership, governance and operational structures
- Structuring and selecting the most effective profit repatriation options
- Reviewing tax assumptions used in a financial model; assistance with the structuring of financial model
- Analysis of the applicability of tax benefits and assistance in obtaining them
- Comprehensive analysis of tax implications of the current ownership, governance and operational structure
- Assistance with business restructuring, including the analysis of (i) the contemplated (target) structure for compliance with Controlled Foreign Company (CFC) rules and (ii) potential tax implications for both owners and investors
- Developing recommendations on improving tax efficiency of the current and/or future operational structure
- Assistance with international tax planning
- Organization and transformation of the tax function
- Automation of the tax function and tax processes
- Development, review and updating of tax accounting policies based on an understanding of the specifics of the taxpayer’s business and tax regulations
- Automation of tax accounting and reporting in ERP systems; development/updating of tax registers
- Optimization and formalization of tax function processes
- Development of internal controls over tax processes
- Implementation of tax risk management systems
- Consulting on VAT, customs and excise payments
- Assistance in obtaining VAT refunds
- Consulting on VAT on exports/imports, work/services (including digital) provided by foreign counterparties
- Assistance with tax structuring of business acquisitions and disposals
- Tax due diligence to identify potential tax risks (including previous periods)
- Participation in drafting transaction legal documents to ensure compliance with the approved tax structure
- Technical analysis of a taxpayer’s position and assessment of risks of tax controversy
- Support a taxpayer during tax audits
- Assistance in defending a taxpayer’s position in disputes with tax authorities
- Support at pre-litigation and litigation stages
- Assistance in making inquiries with a tax authority to clarify its position on certain transactions
- Consulting on reporting issues in relation to all applicable taxes
- Cross-border transactions and payments
- Structuring of EPC contracts
- Concession agreements and PPP projects
- Related-party lending
- Business restructuring
- Setting up a permanent establishment for a non-resident
- Double Tax Treaties
- CFC rules
- Transfer pricing compliance
- Changes in national tax legislation
- Development of tax positions (assistance with a defense file, etc.)
- Review of prices in controlled transactions
- Preparing TP documentation
- Assistance in drafting notifications of controlled transactions
- Developing intragroup policies and procedures
- Methodological support and consulting on intragroup services and intangible assets
- Assistance with designing an operating model
Tax consulting in relation to winding up a business in Uzbekistan, including:
- Tax structuring of asset sales/transfers and capital repatriation transactions
- Extinguishment (assignment) of liabilities with respect to counterparties
- Termination of employment contracts
- Preparing for and supporting the taxpayer during a liquidation tax audit
TAX, ACCOUNTING AND HR MANAGED SERVICES
We offer a full range of tax, accounting and HR managed services: outsourcing of financial, tax and HR accounting and reporting, accounting technology and tax performance improvement.
We tailor our approach to the needs of each client, with flexibility being at the core of our services. For each project, we will hand-pick an experienced team with a deep understanding of your industry. Our professionals will always be in touch and ready to help you with any business challenges.
We tailor our approach to the needs of each client, with flexibility being at the core of our services. For each project, we will hand-pick an experienced team with a deep understanding of your industry. Our professionals will always be in touch and ready to help you with any business challenges.
What BeOne offers
- Keeping accounting records of all business operations
- Preparation of financial statements and statistical reports
- Preparation of special-purpose reports for IT Park residents
- Assistance in revenue calculations and drafting primary documents
- Calculation of personal taxable income for payroll calculations
- Preparing expense reports and payment orders in the Bank-Client system
- Support during in-house and on-site tax audits
- Support during internal and external audits
- Developing/updating accounting policies in line with legislative changes
- Preparing corporate reports in accordance with the required format
- Methodological support of accounting and tax compliance processes
- Corporate compliance control
- All-round technical support of service delivery
- Outsourcing of certain accounting functions (accounts receivable, accounts payable, property, plant and equipment, expense reports, banking, etc.)
- Registration of foreign currency contracts
- Improvement of accounting processes and functions
- Support of transition to/integration of ERP/1C/SAP/Oracle with other systems
- Income tax
- VAT
- VAT on goods (services) purchased from foreign entities
- Withholding tax
- Personal income tax (PIT) and social tax
- Individual pension savings account register
- Property tax
- Land tax
- Water tax
- Subsoil use tax
- Payroll outsourcing
- HR administration outsourcing
- HR audits
- Payroll and related tax audit
- Consulting on labor law issues, payroll calculation, PIT and social security contributions
- HR policy development and adaptation
- Comprehensive support for inbound mobility, including obtaining work permits for foreign nationals
- Preparation of tax returns for foreign nationals
- Advising on personal tax liabilities
LEGAL CONSULTING SERVICES
Our legal team, consisting of experienced professionals with unique qualifications, offers a wide range of legal services to both new entrants venturing into the Uzbek market and established entities already doing business locally.
We assist our clients in navigating the constantly evolving legal landscape of Uzbekistan, marked by frequent changes and challenges in the practical application of legal concepts.
We assist our clients in navigating the constantly evolving legal landscape of Uzbekistan, marked by frequent changes and challenges in the practical application of legal concepts.
What BeOne offers?
- Legal advice on the establishment, liquidation and reorganization of legal entities
- Comprehensive legal support for state registration/re-registration of legal entities
- Comprehensive legal support for the establishment, liquidation and reorganization of legal entities
- Preparation of constituent documents
- Drafting of internal regulatory documents
- Corporate secretary services
- Investment consulting
- Legal due diligence
- Transaction structuring and support; preparation of transaction documents (sales and purchase agreements, letters of intent, disclosure letters)
- Compliance with regulatory requirements when making transactions
- Intra-group restructuring and transfer of assets
- Post-acquisition integration support
- Antimonopoly audit and advice on antimonopoly regulation
- Comprehensive legal support in obtaining preliminary consent of the antimonopoly authority for share purchases, mergers and acquisitions
- Legal assessment of risks, contractual obligations and onerous terms that constitute liability under competition law
- Regulatory due diligence; suggestion of measures to mitigate or eliminate identified risks
- Legal support in obtaining and renewing licenses and permits
- Legal consulting on licensing, permission and notification procedures as well as on technical regulation matters
- PPP law advice
- Drafting of PPP agreements
- Negotiation support
- Consultation on:
- Payment systems and e-money
- Regulatory requirements
- Currency regulation
- Intellectual property law advice
- Intellectual property compliance reviews
- Drafting/legal review of IP contracts (franchise and royalty agreements, etc.)
- Legal advice on labor and employment matters
- Drafting/legal review of employment contracts
- Drafting/legal review of corporate documents governing labor relations (policies, internal regulations, orders, employee handbooks, job descriptions, etc.)
- Drafting/legal review of collective bargaining agreements
- Drafting/legal review of confidentiality agreements
- Employment of foreign workforce (accreditation, work permits)
- Development of any types of normative legal acts
- Drafting/legal review of real estate contracts (purchase, transfer, lease, development)
- Real estate due diligence
- Tenancy law advice
- Construction law advice
- Land law advice
- State registration/re-registration of real property rights
- Legal advice on protection of personal data/trade secrets and information security
- Drafting/legal review of corporate policies governing protection of personal data and trade secrets
- Drafting/legal review of personal data protection agreements/non-disclosure agreements for trade secrets
DOING BUSINESS IN UZBEKISTAN
CONTENTS
Inside the guide you will find an overview of key tax, regulatory and other aspects of running business in Uzbekistan.
FORMS OF INVESTMENT AND LEGAL PRESENSE IN UZBEKISTAN
STATUTORY ACCOUNTING REQUIREMENTS
CURRENCY CONTROL
CORPORATE AND PERSONAL TAXATION
EMPLOYMENT REGULATIONS
OTHER REGULATIONS AND LAWS
NEWS AND PUBLICATIONS
CONTACT US
Contact us to get more information about the services that we offer.
Dilovar Mavlonov
Managing Partner
+998 90 788 36 75
Mikhail Loginov
Director, Tax Consulting
+998 90 061 17 39
Maria Burtseva
Director, Tax Consulting
+998 50 077 15 08
Maxim Vyatkin
Director, Technology Consulting
+998 90 069 94 34
Khurshida Artikkhodjaeva
Manager, Legal Consulting
khurshida.artikkhodjaeva@beone-uz.com
+998 93 550 00 99
© 2024 BeOne LLC
Address: Prospekt Mustakillik 7, Mirzo Ulugbek District, Tashkent, Republic of Uzbekistan
www.beone-uz.com