Registration of companies in Kyrgyzstan
MAIN LAWS ON COMPANY REGISTRATION IN KYRGYZSTAN:
Civil Code of the Republic of Kyrgyzstan (May 8, 1996), the Law of the Republic of Kyrgyzstan “On Registration of Legal Entities, Branches (Representative Offices)” (February 20, 2009).
MAIN BUSINESS LEGAL STRUCTURES IN KYRGYZSTAN:
- Limited Liability Company (LLC).
- Joint-Stock Company (Public/Private).
- Representative Office/Branch.
To choose which legal structure of business in Kyrgyzstan is best for you, you can request us to draw up a legal report, in which we compare pros and cons, as well as tax burden of a certain legal structure.
NAME OF AN LLC IN KYRGYZSTAN:
Kyrgyzstan has a procedure of primary check and reservation of a name of an LLC. In case of reservation of a name, an applicant reserves a right to use such name within 30 (thirty) calendar days.
According to the laws of the Republic of Kyrgyzstan, use of “Kyrgyz Republic” or “Kyrgyzstan” is allowed in the names of LLCs only if the amount of the authorized capital of an LLC is at least 5,000,000 sums (around 66,500 EUR). There are no restrictions as to the use of word “Bishkek” in a name.
MINIMUM AUTHORIZED CAPITAL OF AN LLC IN KYRGYZSTAN:
A minimum authorized capital of an LLC is 1 sum. It is recommended to contribute at least 1,000 sums (around 14 EUR). Authorized capital must be contributed within 1 year.
MAIN SERVICES OF REGISTRATION OF A COMPANY IN KYRGYZSTAN:
- Preparation of constituent documents of an LLC;
- Registration of an LLC in tax authorities;
- Ordering and receiving of a seal of an LLC;
- Registration of data of an LLC in extra-budgetary funds;
- Opening of current accounts for an LLC in Kyrgyzstan and abroad.
BACKGROUND DATA REQUIRED FOR REGISTRATION OF AN LLC IN KYRGYZSTAN*:
- Company name;
- Registered address (can be provided by us);
- Participant’s data (name, citizenship, passport/company’s constituent documents);
- Amount of the authorized capital;
- Kinds of activities;
- Chosen bank in Kyrgyzstan and kinds of accounts to be opened therewith;
- Selection of the taxation system (common, simplified);
- Other documents and data at the request of the experts of ALPS & CHASE.*
*All of the documents must be provided in advance, so we have time to translate them into Kyrgyz language.
All provided documents must be notarized and legalized in Kyrgyz Embassy of a participant’s (shareholder’s) country or apostilled according to Hague Convention of 1961 by the relevant authorities after notarization.
For the participants from CIS countries (Russia, Belarus, Uzbekistan, Tajikistan, Armenia, Ukraine, Kyrgyzstan, Moldova, Turkmenistan, Azerbaijan, and Georgia), no apostilization or legalization of the documents is required according to the Minsk Convention on Legal Assistance and Legal Relations in Civil, Family and Criminal Cases (dated January 23, 1993) (note – depending on the kind of legal actions, there can be some exceptions in the document apostilization rules).
PRESENCE OF THE PARTICIPANTS DURING REGISTRATION OF A COMPANY:
Presence of the founders during a company registration in Kyrgyzstan is not necessary. The main registration activities will be performed by our experts under a power of attorney. The presence of a Director General is necessary only at the opening of bank accounts.
TERM OF REGISTRATION OF AN LLC IN KYRGYZSTAN:
Registration of an LLC with foreign participation takes, at an average, 10 business days, as well as the registration of a representative office or a branch. When planning the term of registration, please, take account of the time necessary for preparation and translation of the documents.
APPOINTMENT OF A DIRECTOR GENERAL IN KYRGYZSTAN:
You can appoint either a Kyrgyz citizen or a foreign citizen to a position of a Director General.
A foreign citizen working in the territory of KR must obtain a work permit.
The term of examination of the documents by a migration authority for issuance of (a) a permit to engage and use foreign labor force for an LLC or a branch/representative office and (b) work permit for a certain foreign employee takes 30 calendar days from the date of submission of a full package of documents. But, in practice, this term can be up to 3 months.
If you have no time to obtain a work permit for a Director General or you need their permanent presence for settlement of administrative matters, our company will provide you with the service of temporary directors in Kyrgyzstan. Such directors can perform various tasks, interact with the tax inspectorate, customs or the banks. The main requirement to use this service is a complete legality of a client’s business.
OTHER SERVICES IN THE AREA OF REGISTRATION OF A BUSINESS PRESENCE IN KYRGYSTAN:
- Registration of a branch and a representative office in Kyrgyzstan
- Registration of a permanent establishment in Kyrgyzstan