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.
On State Registration of Legal Entities and Account Registration of Branches and Representative Offices
The Law of the Republic of Kazakhstan "On Introduction of Amendments to Certain Legislative Acts of the Republic of Kazakhstan on the Matters Related to Provision of Public Services" No. 272-VI was adopted on 25 November 2019. This piece of legislation, among other things, introduces amendments to the Law of the Republic of Kazakhstan "On State Registration of Legal Entities and Account Registration of Branches and Representative Offices" No.2198 dated 17 April 1995 (the "Law"). These amendments were put into effect on 8 December 2019. Below we list the most critical amendments:
Incoterms (International Commercial Terms) are the rules that determine the distribution of responsibilities and costs between the parties during the transportation and delivery of goods within the purchase and sale relationship, regulated by ICC (International Chamber of Commerce).
Legal summary of the Corporate governance code of Mongolia
The issue of a corporate governance started to receive attention in Mongolia since the year 2000, and it is viewed that development of corporate governance in our country is important for creation of appropriate conditions for sustainable and proper management and organisation of companies, in particularly of publicly listed companies, so that trust bonds between shareholders and companies is maintained and ability of companies to attract investment is improved.
Amendments to the legislation of Kazakhstan on corporate matters
On 2 July 2018, the Law of the Republic of Kazakhstan No. 166-VI "On Amendments to Certain Legislative Acts of the Republic of Kazakhstan on Insurance and Insurance Activities, Securities Market" was adopted. Among other things, this legislative act has amended the Law of the Republic of Kazakhstan dated 13 May 2003 No. 415-II "On Joint Stock Companies" (the "JSC Law").
How to incorporate a company or representative office in Mongolia?
Despite the fact that Mongolian legislation provides for a wide range of legal forms of commercial entities (limited liability company or LLC, joint-stock company or JSC and joint venture), in practice, private businessmen and foreign investors mostly prefer LLC or JSC. Representative office of foreign legal entities is also common
Corporate agreement: shareholders’ agreement under Russian law
Shareholders’ agreement is a tool for the contractual regulation of relations between shareholders/participants of companies that is widely used in jurisdictions of the Anglo-Saxon legal system (in particular, the UK and the US), but also recognized and regulated by the laws of countries that have continental legal systems (including Russia, Germany and Italy).