The government introduced a stable regime for foreign investors investing at least $3 million in the Kyrgyz economy over three years, Deputy Prime Minister Tolkunbek Abdygulov informed at Bishkek Investment Forum.
“This mechanism allows any investor investing at least $3 million over three years in the economy of Kyrgyzstan to take advantage of using one tax stable regime for 10 years regardless of changes in tax legislation,” Abdygulov said.
From now on threshold amount for investors to obtain an investment visa is reduced from 500 thousand dollars to 145 thousand dollars. This will allow comfortable stay for investors in Kyrgyzstan.
A new category of “Family” visas had also been introduced. It will allow family members of an investor to obtain visa without obstacles, Abdygulov added.
The Vice Prime Minister said that the government is soon planning to review investment legislation in order to simplify investment activities, provide additional preferences to investors and simplify the procedure for initiating Public Private Partnership (PPP) projects.
“The government is always open for a constructive dialogue with business and investors. We will be happy for any proposals, the implementation of which will improve the investment climate and attract new investments to the country, “Abdygulov said.
He reminded the existence of the Agency for Promotion and Protection of Investments in Kyrgyzstan, which directly reports to the Prime Minister of the country. “This Agency will promote of promptly solving the problems of investors and reduce bureaucratic barriers,” Abdygulov said.