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Ease of Doing Business in

Kyrgyz Republic

Kyrgyz Republic Download Profile (1741.1KB, pdf)
Region Europe & Central Asia
Income Category Lower middle income
Population 5,957,000
GNI Per Capita (US$) 1,170
City covered Bishkek

190

1

DB 2017 Rank

1

100

DB 2017 DTF (% points)

  • local_library
  • group
Topics DB 2017 Rank DB 2016 Rank info_outline Change in Rank DB 2017 DTF (% points) info_outline DB 2016 DTF (% points) info_outline Change in DTF (% points) info_outline
Overall 75 73 down
2
65.17 65.09 down
0.08
Starting a Business 30 28 down
2
92.95 92.94 up
0.01
Dealing with Construction Permits 32 31 down
1
76.74 76.65 up
0.09
Getting Electricity 163 161 down
2
44.05 43.95 up
0.10
Registering Property 8 6 down
2
90.60 90.59 up
0.01
Getting Credit 32 29 down
3
70.00 70.00
-
Protecting Minority Investors 42 40 down
2
63.33 63.33
-
Paying Taxes 148 145 down
3
56.43 56.43
-
Trading across Borders 79 81 up
2
74.91 72.25 up
2.66
Enforcing Contracts 141 141
-
48.57 48.57
-
Resolving Insolvency 130 122 down
8
34.08 36.22 down
2.14

Positive=Doing Business reform making it easier to do business. Negative=Change making it more difficult to do business.

DB 2017 Rank: 30

DB 2016 Rank: 28

Change in Rank: down2

DB 2017 DTF (% points): 92.95

DB 2016 DTF (% points): 92.94

Change in DTF (% points): up0.01

Standardized Company
Legal form: Private Limited Liability Company
Paid-in minimum capital requirement: KGS 0
City: Bishkek
Indicator Kyrgyz Republic Europe & Central Asia OECD high income
Procedure – Men (number) info_outline 4.0 4.9 4.8
Time – Men (days) info_outline 10.0 10.2 8.3
Cost – Men (% of income per capita) info_outline 2.0 4.7 3.1
Procedure – Women (number) info_outline 4.0 4.9 4.8
Time – Women (days) info_outline 10.0 10.2 8.3
Cost – Women (% of income per capita) info_outline 2.0 4.7 3.1
Paid-in min. capital (% of income per capita) info_outline 0.0 4.0 9.2
  • No. Procedure Time to Complete Associated Costs
    1

    Register at the One-stop shop

    Agency: One-stop shop (local registration office) at the Ministry of Justice

    All companies with foreign investments should be registered in the Ministry of Justice itself. Companies with merely Kyrgyz ownership should be registered at the local office of registration. In Bishkek there are several offices for registering a local company.

    The following documents need to be submitted at the time of registration:
    1. Application;
    2. Decision on Company Formation (notarized);
    3. Copy of passport (one for each owner);
    4. Power of Attorney for submission of registration documents;
    5. Paper-folder.

    Once the application documents are received, the Ministry of Justice provides information on the newly formed company to the Tax Service, Statistical Committee and the Social Fund. The notifications happen as follows:
    1. Within 2 hours the basic information is provided to Statistical Committee;
    2. Ministry of Justice determines the company’s code according to the General Classifier of Enterprises and Organizations (присваивает код ОКПО)
    3. Once classification number is determined, it is provided to the Tax Service together will other relevant information.
    4. Tax Service assigns TIN for the newly registered company.
    5. Once TIN is assigned, it is provided to the Ministry of Justice, Statistical Committee, and Social Fund.
    6. Copy of passport general directors

    Cost is calculated as follows: KGS 235 (registration fee) + KGS 9 (for printing certificate) + KGS 20 (bank processing fee)
    5 days KGS 235 (registration fee) + KGS 9 (for printing certificate) + KGS 20 (bank processing fee)
    2

    Apply for “parameters” at the State Tax Service

    Agency: State Tax Service

    Entrepreneurs have to go to the tax authority in order to apply for a set of customized characteristics (Parameters). The Parameters are issued in about 3 days.

    Documents that have to be submitted to the STS:
    1. Registration Certificate (received from the Ministry of Justice);
    2. Registration Application;
    3. Tax Registration Application;
    4. Registration Form of the taxpayer;
    5. Decision on Company Formation (notarized);
    6. Copy of passport (for each owner);
    7. Power of Attorney for submitting the documents for registering the company;
    8. Paper-folder;
    9. Articles of Association.
    3 days no charge
    3

    Obtain notification from the Social Fund

    Agency: Social Fund

    Entrepreneurs need to visit the Social Fund in person in order to obtain the Notification (извещение), which includes relevant for the Social Fund information (e.g., number of employees). This is required to pay future monthly social contributions.
    1 day no charge
    4

    Obtain permission to make company seal and make a seal

    Agency: Sealmaker

    The seal-making company requests permission to make its client’s company seal. The cost of the seal depends on the delivery time (say, 2 hours versus 1 day). The faster the delivery, the higher the cost. The Presidential decree of 23rd April nb 182 makes the use of the seal optional, however in practice, companies still use it.
    1 day KGS 1,100 (125 of permission cost + service fees of 450-1,500).