At least 50% of the members of the Board of Directors of insurance companies need to be citizens of the Republic of Tajikistan.
"Article 8. Insurance (reinsurance) company
1. The insurance (reinsurance) company is created in the form of a joint stock company and a limited liability company, and the state insurance organization - in the form of a state unitary enterprise.
[...]
4. When creating an insurance (reinsurance) company and carrying out activities with the participation of foreign investors, the following requirements must be observed:
- a foreign investor is required to submit documents confirming its solvency and an audit report (as of the latest date);
- At least 50 percent of the members of the governing bodies of the insurance organization, created with the participation of foreign investors, are citizens of the Republic of Tajikistan; 
- the insurance (reinsurance) company is required to obtain the prior consent of the insurance supervisory authority to increase the size of its authorized capital at the expense of foreign investors and (or) their subsidiaries to alienate their shares (shares in shares to foreign investors (including for sale to foreign investors)) in the authorized capital), and local shareholders (participants) are required to obtain the prior consent of the insurance supervisory authority to alienate their shares (shares in the authorized capital) of the insurance (re insurance) organizations in favor of foreign investors and (or) their subsidiaries (as amended by the Law of the Republic of Tajikistan dated 02.01.2018, No. 1487); [...]" (Law of the Republic of Tajikistan dated July 23, 2016, No. 1349 "On insurance activities" [google translated])
Law of the Republic of Tajikistan dated July 23, 2016, No. 1349 "On insurance activities" [google translated]
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