Entity set up in Kyrgyzstan

Kyrgyzstan – Company establishment

Global Expansion Plus provides you with all necessary legal, corporate, and secretary services in Kyrgyzstan. Before you start the process of registration, you need to consider the following questions:

Legal forms

  • How properly choose the legal form of the business?
  • What is a Limited Liability Partnership (LLP)?
  • What are the advantages and disadvantages of a given legal form?
  • What are the requirements of each form? and
  • What risks are associated with each form?
Please refer to our publication and articles to find more information.

Taxation regime

  • What type of tax system to choose, taking into consideration the planned activity?
  • What tax incentives you can use in your business, what is Unified imputed income tax?
  • What the official tax loops available for your business, what is High Technology Park?
Please refer to our publication and articles to find more information.

Name of the company

There is a procedure of primary check and reservation of a name of a company. In case of reservation of a title, an applicant reserves a right to use such name within 30 calendar days. The word “Kyrgyzstan” is allowed to use only for entities with authorized capital, not less than 5,000,000 sums (around 62,500 USD).

Registration address

Legal entity in Kyrgyzstan required to have a registered address at incorporation. It is possible to rent an office or use a virtual office service provided by Global Expansion Plus.

Founder: legal or individual

Depending on whether the founder (owner оr shareholder) is going to be a foreign legal entity or physical individual, the process of incorporation and required documents can be different. We need a certified copy of the founder’s passport or founder company’s constituent documents (apostilled). The presence of the founders during company registration in Kyrgyzstan is not necessary; all necessary actions can be done by issuing a Power of attorney.

Types of activity

A legal entity needs to choose types of activity considering planned activity. Corporate lawyer of Global Expansion Plus can support you with selection because activity type can influence the tax incentives; for example, there are some incentives for IT business. Some activities require licenses from competitive bodies.

Amount of issued/share capital

A minimum authorized capital of a Limited Liability Company is one sum. It is recommended to contribute at least 1,000 sums. Authorized capital must be contributed within one year.
For Joint-Stock Company, minimum share capital is 1,000 of estimated indicators (100,000 sums).

Directorship

Kyrgyz citizen or a foreign citizen may be appointed as a Director. A foreign citizen to be appointed as a director must obtain a work permit, and the company has to obtain a permit to engage and use the foreign labor force. The procedure takes 30 calendar days from the date of submission of a full package of documents.

Client journey

Initial stage

  • Consolation with our corporate lawyer targeting all points listed above;
  • Preparation of notarized and apostilled Power of Attorney (if needed);
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Registration Stage

  • Preparation of the article of association;
  • Preparation of the minutes of the general meeting of members of the company;
  • Obtaining of notary approval of the article of association;
  • Filling out an application for state registration of a legal entity in the Ministry of Justice;
  • Registration of the company with state registrar;

Tax Stage

  • Filling and submitting an application for a taxpayer registration;
  • Registration in a fund of social security and statistics body;
  • Directors employment registration with tax authorities;
  • Signing an accounting outsourcing contract to support your activities and tax compliance.
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Final stage

  • Opening a bank account;
  • Signing a legal support contract;
  • Ordering a seal.

Additional services

  • Transaction support- merges and acquisitions;
  • Change of the legal address;
  • Change of name of the company;
  • Change of director;
  • Change in issued capital;
  • Other changes to the charter documents of a legal entity;
  • Registration of TM (trademark);
  • Copyright registration;
  • Contract preparation;
  • Obtaining certificates or tax registration;
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