Legal Basis for Intellectual Property Protection

Legislation on Immovable Property

The principal legal act regulating labor relations is the Labor Code of the Kyrgyz Republic. (72)

The Banking system of the Kyrgyz Republic consists of the National Bank of the Kyrgyz Republic (National Bank) and commercial banks.

Transactions in Foreign Currency

Financial Reporting Since 28 September 2001, International Standards of Financial Reporting issued by the International Accounting Standards Committee (London) are accepted as the financial reporting standards of the Kyrgyz Republic.

Taxation in the Kyrgyz Republic is regulated by the Constitution of the Kyrgyz Republic, the Tax Code of the Kyrgyz Republic, (42) specific laws, regulations, and instructions. The authorized agency responsible for the supervision of timely payment of taxes is the State Committee on Taxes and Duties of the Kyrgyz Republic.

Licensing is regulated by the Law of the Kyrgyz Republic “On Licensing”. This article is part of the Information and Reference Guide “Business in the Kyrgyz Republic: Legal Aspects” for potential investors planning to do business in the Kyrgyz Republic.

Since investments are a major prerequisite for economic development in the Kyrgyz Republic, investment legislation of the country is quite liberal. This article is part of the Information and Reference Guide “Business in the Kyrgyz Republic: Legal Aspects” for potential investors planning to do business in the Kyrgyz Republic.

Branches and representative offices of foreign companies do not belong to legal entities of the Kyrgyz Republic. They are endowed with property of legal entities that have founded them, and act on the basis of the approved bylaws - This article is part of the Information and Reference Guide “Business in the Kyrgyz Republic: Legal Aspects” for potential investors planning to do business in the Kyrgyz Republic.

Visa and Registration Requirements - This article is part of the Information and Reference Guide “Business in the Kyrgyz Republic: Legal Aspects” for potential investors planning to do business in the Kyrgyz Republic.