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.
In a period of unprecedented geopolitical turbulence and associated financial and logistical challenges, many entrepreneurs are considering relocating their businesses to more politically and economically stable jurisdictions. An alternative to the countries of the European Union and offshore countries can be rapidly developing member states - Armenia, Azerbaijan, Georgia, Kazakhstan, the Kyrgyz Republic, Tajikistan and Uzbekistan.
If you are interested in establishing a presence in a new market, restructuring your current operations, or expanding the geographical coverage of your business, the jurisdictions of Caucasus and Central Asia could offer a great potential from economic and legal standpoints. The region is strategically located between Europe and Asia, offering a unique position for companies who do business in both markets.
Remote work in Kyrgyzstan (including remote work of foreign workers)
To date, the issue of regulating remote working under the labour legislation of the Kyrgyz Republic is relevant and important. It should be noted that this issue was an pressing long before the current situation and before the pandemic, and subsequent declaration of a state of emergency in the country last year.
Remote work (including remote work of foreign workers)
The interaction of the employee and the employer in the conditions of remote work in many jurisdictions is already a very familiar phenomenon. In the context of the COVID-19 pandemic and the gradual transition of labour relations to the digital space, remote work has become the universal response of employers and employees to the external and internal challenges of 2021.
Coronavirus and non-performance of contractual obligations in the Kyrgyz Republic
World Health Organization has characterized the outbreak of COVID-19 infection as a pandemic. More and more countries are closing borders, restricting people’s movement, banning public gatherings, and controlling trade. Such measures have already hit hard tourism, air transportation, hospitality services. Other business sectors are expected to suffer in the coming weeks and months.
Establishing a local company with foreign participation in the Kyrgyz Republic: specific features for the foreign founder
One of the first steps for a foreign investor after deciding to start a business in the Kyrgyz Republic is the creation of a local company. It should be noted that the legal entities registration system in the Kyrgyz Republic is not that complicated. Taking the overall 70th place from 190 countries in Doing Business 2019 ranking, the country takes a rather high 35th place in the «starting a business» category.
COVID-19, state of emergency, economic crisis. What should the employer in the Kyrgyz Republic pay attention to?
On 25 March 2020, a state of emergency has been introduced in order to protect the lives and health of citizens, their safety and public order and to prevent the spread of coronavirus infection in the cities of Bishkek, Osh and Jalal-Abad as well as Nookat and Kara-Suu districts of Osh province and Suzak district of Jalal-Abad province.
The Government of the Kyrgyz Republic has taken measures to provide the population with medicines and medical devices in connection with the pandemic of coronavirus infection
Aidar Oruzbaev, lawyer of Bishkek office of Grata International leading pharmaceutical law practice in the Kyrgyz Republic breaks down the main features of newly adopted Decree of the Kyrgyz Government on measures concerning prevention of further spread of COVID-19.
Provisional measures and decisions of the National Bank of the Kyrgyz Republic in connection with the spread of COVID-19
COVID-19 pandemic, as well as the associated restrictions and economic consequences of the fight against the virus, set new tasks for the National Bank of the Kyrgyz Republic (the “NBKR”). In this connection, the regulator took a number of measures aimed at maintaining stability in the banking system of the Kyrgyz Republic and protecting the rights of consumers of banking services.