Legislation of Kyrgyzstan

Service packages Legislation Audit Services

Tax treaties entered

Austria
Armenia
Belarus
Canada
China
Czech Republic
Estonia
Finland
Germany
Georgia
Hungary
India
Iran
Kazakhstan
Korea
Kuwait
Latvia
Lithuania
Malaysia
Moldova
Mongolia
Poland
Qatar
Russia
Saudi Arabia
Tajikistan
Turkey
Turkmenistan
UAE
Ukraine
United Kingdom
Uzbekistan
Switzerland

Tax Exchange Information Agreement (TIEA)

No

List of state regulatory authorities

Ministry of Justice
Electronic registration of legal entities
State Tax Service
Electronic services portal of the State Registration Service under the Government
Small and Medium Business Support Program

Corporate info

Legal system
Romano-Germanic system of law
Types of entity
Organizational and legal forms of business partnerships and companies:

- Open joint-stock company,

- Closed joint-stock company,

- Limited liability company,

- Additional Liability Company,

- Limited partnership,

- General partnership

Shelf companies permitted
No
Incorporation timescale for a new company
10-14 days
Company suffix
The corporate name of a legal entity shall contain an indication of its legal form and a proper or nominative name of distinctive meaning
Sensitive words
The use in names of the words "Kyrgyz", "State" and "National" in any combination thereof, as well as indications of the official full or abbreviated name of the Kyrgyz Republic, is allowed in the order determined by the President and the Government
Cyrillic alphabet permitted in company name
Yes
Local registered office
Yes
Local registered agent
No
Information to be kept at the registered office
Corporate documents, reporting
Seal required, type of seal
A seal is required for a Limited Liability Company
Redomiciliation (to, from) permitted
Permitted

Director and secretary

Minimum number of directors
1
Residency requirements for directors
No
Corporate directors permitted
No
Directors’ meetings/frequency/location
No restrictions
Disclosure to local agent
Yes
Disclosure to public
Yes
Company secretary required
No
Residency requirements for a secretary
No
Qualified secretary required
No
Corporate secretary permitted
No

Shareholder and beneficiary

Minimum number of shareholders
1
Residency requirements for shareholders
No
Corporate shareholder permitted
Yes
Meetings/frequency/location
No restrictions
Disclosure to local agent
Yes
Disclosure to public
Yes
Beneficiary info disclosure to
Yes

Shares and share capital

Minimum authorized share capital
Not established
Minimum issued share capital
Not established
Minimum paid share capital
Not established
Authorized capital payment deadlines
Not established
Issued capital payment deadlines
Not established
Standard currency
KGS
Standard authorized share capital
1 000
Standard par value of shares
1
Shares with no par value permitted
No
Bearer shares permitted
No

Taxes

Personal tax
A single flat rate of 10% is applicable to most types of individual income
Сorporate tax
10%
Corporate tax (in detail)
Profit tax is calculated at a rate of 10% of aggregate annual income less allowed deductions
Capital gains tax
10%
Capital gains tax. Details
Capital gains are subject to ordinary income tax at the rate of 10%. Interest income and gains from the sale of shares which, on the date of sale, are in the highest and next highest listing category on the official lists of the stock exchange are exempt from taxation
VAT
12%
VAT. Details
The VAT rate is 12%. Certain supplies are eligible for zero-rate VAT
Withholding tax
10% (dividend) / 10% (interest) / 10% (royalty)
Other taxes
Sales tax, Social tax / Pension and social contributions, Excise tax, Property tax, Land tax
Exchange control
Yes
Government fee
Yes
Stamp duty
No

Accounts

Requirement to prepare accounts
Yes
Requirement to file accounts
Yes
Publicly accessible accounts
Yes
Requirement to file Annual Return
Yes
Publicly accessible Annual Return
Yes
Audit required
Yes

General information shortly

Location
Central Asia
Total area
199 951 sq. km
Population
7 037 590 (2023)
Capital
Bishkek
National currency
Kyrgyz som
Conditional reduction of currency
KGS
Against USD
0,011
Climate, average max and min t°
Sharp continental. The temperature amplitude varies greatly: from -30 °C in mountain valleys in winter to +27 °C in summer in the Fergana Valley
Time difference from Moscow
- 3 hours
Dialing code
+ 996
State language
Kyrgyz, Russian
Ethnic groups
Kyrgyz - 74,04%, Uzbeks - 14,81%, Russians - 4,97%, Dungans - 1,135% and others
Literacy rate
99,8 (2020)
History
Credit rating
B
Government type
Parliamentary form of government
Executive branch
The Government, its subordinate ministries, State committees, administrative departments and local State administrations
Legislative branch
The Parliament of the Republic - Жогорку Кенеш - is unicameral and consists of 120 deputies elected for a term of 5 years
Judicial branch
The judicial system consists of the Supreme Court and local courts
Unemployment
2,8% (2023)
GDP per capita rank
157 (2021)
Corruption perceptions index rank
Corruption Perception Index - 27 (2021)

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