Business relocation to Kyrgyzstan
Benefits of relocation of business to Kyrgyzstan:
- Friendly relations with all great powers (Kyrgyzstan is a member-state of the Russian-led EAEU, Commonwealth of Independent States, Shanghai Cooperation Organization, World Trade Organization, and cooperates actively with UN, OSCE, WIPO, ADB, IDB, World Bank, IMF and other international organizations);
- Strategic geographical location;
- Russian language has official status and is considered a lingua franca in Kyrgyzstan;
- Kyrgyzstan entered top 20 reformer countries in the World Bank’s Doing Business 2020 ranking, having improved its indicators in such areas as getting electricity, getting credit and paying taxes;
- Low cost of labor and utilities (e.g., average monthly wage is: $230);
- Special tax regime for IT companies;
- Presence of MDBs in Kyrgyzstan (EBRD, ADB, IFC, EABR);
- Statutory visa-free regimes for 61 states including exemption from entry registration for 92 states.
- The rapidly developing sector over the past years has attracted more and more foreign investors to the Kyrgyz Republic. After making a decision to relocate a business, at the initial stage, a foreign investor needs to duly execute the state registration of the company. In this article, we will provide you with the features of registering a company in the territory of the Kyrgyz Republic.
Bishkek