Legislation of Kyrgyzstan

List of laws and regulations

Law on Joint Stock Companies

Joint Stock Companies

Law on Business Partnerships and Societies

Business Partnerships and Societies

Tax Code

Taxes

Law on combating the financing of terrorist activities and legalization (laundering) of criminal proceeds

Combating money laundering

Law on Banks and Banking Activities

Banks

Law on Bankruptcy (Insolvency)

Bankruptcy

Law on state registration of legal entities, branches (representative offices)

State registration of legal entities

Civil Code

Law on Investments

Investments

Regulations on the electronic database of beneficial owners of legal entities

Beneficiaries

Поиск консультанта...

+44 0 207 822 85 93

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

President

https://president.kg/

Parliament

http://www.kenesh.kg/

Government

https://www.gov.kg/

Ministry of Justice

http://minjust.gov.kg/

Electronic registration of legal entities

http://e-kattoo.minjust.gov.kg/auth/login

State Register of Legal Entities

https://register.minjust.gov.kg/register/SearchAction.seam?logic=and&cid=3465402

Kyrgyz Stock Exchange

https://www.kse.kg/ru/PublicInfo

State Tax Service

https://www.sti.gov.kg/

Electronic services portal of the State Registration Service under the Government

https://portal.tunduk.kg/

Small and Medium Business Support Program

https://bpn.kg/

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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