As part of minerals rich and emerging markets Caspian region Turkmenistan is becoming increasingly popular with foreign companies and investors.

As a logical step towards creation of a fully-fledged practice in 2011 GRATA  International moved to open a Turkmenistan desk staffed with both qualified foreign legal attorneys and local Tukmen counsel. Our consultants are fully acquainted with and experienced in Turkmenistan laws and legal system.

The Turkmenistan desk is a natural progression for GRATA  International, which is the leading law firm Central Asia with operational offices in AzerbaijanKazakhstanKyrgyzstan and Uzbekistan.

GRATA  International has earned international recognition for its expertise in areas of foreign investments, M&A, capital markets, project finance and financial transactions across Central Asia and Caucasus.

The ability to provide value-for-money legal services and understanding the local cultures of the Central Asia region are some of our main strengths.

Tashkent -based finance partner Atabek Sharipov leads the Turkmenistan Desk with support from Ashgabat based team of experienced practitioners.

Most recent experience

Advising Japan Bank for International Cooperation on Turkmenistan law aspects in connection with a series of cross-border financial transactions involving lending to the Government of Turkmenistan.

Advising MUTB Global Business on applicablelicense, registration, permission and other regulatory requirements and restrictions on marketing or solicitation in the context of Turkmenistan laws.

Advising European Bank for Reconstruction and Development on enforcement of court resolutions in Turkmenistan including overview of applicable laws and practice and development of suggestions for improvement.

Advising multinational pharmaceutical companies on Turkmenistan law governed commercial contracts and related legal issues including risk analysis and applicable remedies.

Advising a major multinational telecom investor on Turkmenistan tax law aspects and commercial agreements with suppliers of various services in Turkmenistan.

Registering a branch office of major South Korean and Japanese companies in Turkmenistan (2015). Liquidating representative offices of European companies.   

+9 9890 370 1847

Since its establishment in April 1992, GRATA has gained experience in the following areas of practice:

Our practices areas:

Our team has extensive industry expertise in such sectors as:

GRATA lawyers have been recognised by international experts including The Legal 500, Chambers Global, Chambers Asia Pacific, IFLR1000, Who’s Who legal, Asialaw Profiles.

Name Position Contacts
Atabek Sharipov Partner, Head of Turkmenistan Practice, Head of Banking & Secured Transactions in Uzbekistan and Turkmenistan Inquire
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Shaimerden Chikanayev will be a panellist at the IBA ECA Forum 2018

On 5-7 September 2018, a IBA Europe-Caucasus-Asia Forum 2018 will be held in Almaty.

Astana International Financial Centre (AIFC): Harmful Tax Competition Measures. The Practitioners Guide

This article is published using “Astana International Financial Centre (AIFC) – The Practitioners Handbook on International Tax” documented by Ambassador SM Soni on 25th May 2016, “The constitutional law of the Republic of Kazakhstan on Astana International Financial Centre” and “Explanatory Note to the issue on the Strategy for the development of the Astana International Financial Centre”.


GRATA International lawyers ranked in IFLR1000

The annual IFLR1000 rankings of leading lawyers was published this month


Kanat Seidaliev, Partner of GRATA International, participated in the Central Asia Investment Forum

organized by the Financial Times and the European Bank for Reconstruction and Development


Uzbekistan: Islamic Finance & Markets

With its population o f 30 million and traditional Islamic roots Uzbekistan is probably one o f the most promising markets for Islamic financing in Central Asia.

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Key contacts

Atabek Sharipov

Partner, Head of Turkmenistan Practice, Head of Banking & Secured Transactions in Uzbekistan and Turkmenistan

Tashkent, Ashgabat

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Nodir Yuldashev

Partner, Construction, Telecommunications, Transport, Tax and Litigation


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