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Американская Торговая палата в Кыргызской Республике

Legal News Review from GRATA INTERNATIONAL

legal_review_DECEMBER-2020

Table of contents:

On the introduction of a ban on inspections of business entities by law enforcement agencies
On extension of the restriction on leasing state property in Bishkek and Osh cities and Chui oblast
On introducing amendments to the Law of the Kyrgyz Republic “On state procurement”
On approval of the Regulation “On the enforcement actions applied to NBCOs and other legal entities, supervised by the National Bank of the Kyrgyz Republic
On adopting additional measures to accept payments using two-dimensional barcode symbols (QR code)
On amendments to legislative acts on issues of economic amnesty
On ratification of the Treaty on trademarks, service marks and appellations of origin of goods of the EAEU

legal_review_NOVEMBER-2020

Table of contents:

On amendments to the registration procedure of international payment systems
On approval of the short-term action plan for economic stabilization
On the establishment of the Council on Economic Reforms under the Government of the Kyrgyz Republic
On amendments to some legislative acts pertaining to the land use
On introducing a temporary ban (moratorium) on licensing activities related to geological prospecting, exploration and gold mining
On the introduction of a temporary ban on the export of certain types of agricultural goods from the Kyrgyz Republic
On extension of the temporary ban (moratorium) on inspections of business entities
On introduction of new conditions for electronic money circulation

legal_review_SEPTEMBER-OCTOBER-2020

Table of contents:

On approval of the Regulation on the procedure for holding municipal property sale auctions in electronic format
On approval of the Agreement on the order of circulation in the framework of the Eurasian Economic Union of products, the requirements for which are not established by the technical regulations of the Eurasian Economic Union, and the rules of ensuring safety of such products
On approval of the Regulation on conditions and procedure for carrying out activities on generation and supply of electric energy with use of renewable energy sources
On amendments to the Resolution of the Government of the Kyrgyz Republic “On issues of licensing the right to use subsoil”
On increase of tax rates for income from extraction and sale of gold ore and gold-containing concentrate
On extension of mandatory labeling of tobacco and alcohol products
On removing possibility of carrying out financial transactions by unidentified holders of electronic wallets / mobile applications users
On the approval of the Procedure for Identification and Verification of Clients of Microfinance Organizations in a Remote Mode

legal_review_AUGUST-2020

Table of contents:

On certain amendments to the Tax Code of the Kyrgyz Republic
On lifting restrictions on all international scheduled flights
On determining the procedure and conditions for issuing an electronic work permit
On introducing a number of amendments to legislative acts on issues of clean air and improvement of tax administration
On approval of the Rules of the Interconnection in the Kyrgyz Republic
On adoption of the Law of the Kyrgyz Republic “On restructuring of debts on accrued interest, penalties, tax sanctions, fines on insurance premiums”
On approval of the algorithm of import of medical goods by legal entities and individuals to the territory of the Kyrgyz Republic from the territory of the EAEU Member States and third countries for the purpose of rendering humanitarian assistance
On approval by the NBKR of the Regulation “On special regulatory regime”

legal_review_JUNE-2020

Table of contents:

On approval of the Program “On financing the business entities”
On suspension of the initiation of bankruptcy proceedings against business entities
On measures for additional support to businesses in connection with the spread of coronavirus infection COVID-19
On approval of the procedure for processing and application of an invoice as an electronic document
On introducing amendments to the Resolution of the Government of the Kyrgyz Republic “On streamlining trade activities in the Kyrgyz Republic”
On issues related to the selection and nomination of candidates by state bodies for the positions of members of management bodies of business entities with state participation

legal_review_MAY--2020

Table of contents:

On amendments to the Law “On public procurement”
On introducing amendments to some legislative acts of the Kyrgyz Republic on issues of stabilization of socio-economic situation due to force majeure circumstances
On introduction of simplified taxation system based on retail sales tax
On additional temporary measures of regulation of commercial banks activity in the Kyrgyz Republic
On some issues in the field of cyber security of the Kyrgyz Republic
On changes in the terms of holding annual general meetings of shareholders
On the order of identification and verification of clients in remote mode

legal_review_MARCH--2020

Table of contents:

On amendments to the Resolution of the Government of the Kyrgyz Republic “On Civil Aircraft to be Included into the Register of Civil Aircraft of the Kyrgyz Republic”
On approval of the Regulation on the tender commission for public-private partnership projects
On determining the procedure for withdrawal, recall, utilization and destruction of unsafe food products
On approval of a number of legal regulatory documents in the field of customs regulation
On amendments to the Law “On Biosphere Territories in the Kyrgyz Republic”
On Amendments to the Law “On Commodity Exchange and Exchange Trade in the Kyrgyz Republic”
On ratification of the 2014 Protocol of the 1930 Convention on Forced Labour
On amendments to the Law of the Kyrgyz Republic “On Mandatory Insurance of Civil Liability of Motor Vehicle Owners”.
On measures to provide the population with medicines and medical devices in response to the coronavirus pandemic
On the introduction of a temporary ban on the export of certain types of goods from the Kyrgyz Republic
On introduction of temporary state regulation of prices for certain types of socially important goods
On the adoption of provisional rules regulating the activities of financial and credit organizations
On measures to minimize risks in the activities of banks and non-bank financial and credit institutions
On making temporary decisions on the issue of establishing economic norms and requirements mandatory for the banks and non-bank financial and credit organizations of the Kyrgyz Republic
On granting credits by the National Bank of the Kyrgyz Republic to commercial banks to mitigate the negative impact of the COVID-19 pandemic in the Kyrgyz Republic
The Government of the Kyrgyz Republic has approved anti-crisis financial and fiscal measures to support entrepreneurial activity

legal_review_JANUARY-2020

Table of contents:

On clarification on the procedure for installing and using equipment designed to accept payments using bank payment cards or electronic money
On prohibition of activities related to geological exploration for the purpose of prospecting, exploration and development of uranium and thorium deposits in the Kyrgyz Republic
On adoption of the Law on the national budget of the Kyrgyz Republic for 2020 and the forecast for 2021-2022
On introduction of a pilot (experimental) mode pertaining to the marking of goods by means of digital identification
On clarification and settlement of the bankruptcy procedures
On ratification of the Agreement between Kyrgyzstan and Turkey on mutual promotion and protection of investments
On ratification of the Agreement on harmonization of the legislation of the EAEU member states in the area of financial market
On maintaining the discount rate of the National Bank of the Kyrgyz Republic

legal_review_OCTOBER-2019

Table of contents:

The Regulation on the Procedure for Accounting and Control of Oil and Petroleum Products in the Kyrgyz Republic was approved
A temporary ban on the import of certain types of oil and petroleum products via vehicles into the territory of the Republic was introduced
Rules for registration of contracts related to industrial property objects, selective breeding achievements were approved
The Regulation on the procedure for granting land plots owned by the state has been approved
Kyrgyzstan entered the top 20 countries-reformers under the Doing Business 2020
On the implementation of virtual CCM

legal_review_SEPTEMBER--2019

Table of contents:

Adoption of the Law of the Kyrgyz Republic “On Official Statistics”
Agreement on accession of the Kyrgyz Republic to the international Kimberley Process Certification Scheme has been expressed
Adoption of the Law on Public-Private Partnership
Changes have been made to certain legal acts in the field of renewable energy
Appointment of the Business Ombudsman of the Kyrgyz Republic
A new discount rate of the National Bank of the Kyrgyz Republic has been established

legal_review_JUNE-2019

Table of contents:

A ban on research and development of radioactive elements (uranium)
On May 29, the deputies of the Jogorku Kenesh of the Kyrgyz Republic approved the draft law “On Public-Private Partnership”
The State Committee for Information Technologies and Communications sumbits a draft regulatory legal act on licensing activities on the use of the radio frequency spectrum for public discussion
The EAEU technical regulations on oil safety will come into force from July 1, 2019

legal_review_МАЙ-2019

Table of content:

State Agency of Architecture, Construction and Housing and Communal Services under the Government of the Kyrgyz Republic approved regulatory acts in the field of construction
The Law «On Customs Regulation» was signed
Amendments have been introduced to the Laws of the Kyrgyz Republic “On Export Control” and “On the licensing and authorization system in the Kyrgyz Republic”
Regulations governing the implementation of labor activities by foreigners / stateless persons within the territory of the Kyrgyz Republic were introduced along with the procedure for the implementation of the employment of citizens of the Kyrgyz Republic abroad
Cancellation of moratorium on amendments to the Criminal Code, Code of Criminal Procedure, PEC, Code of Misconduct, Code of Violations
Tax regime in free economic zones in the Kyrgyz Republic was revised
The draft law of the Kyrgyz Republic “On the prohibition of activities related to geological exploration, exploration, development of uranium and thorium deposits in the Kyrgyz Republic” is submitted for public discussion
Amendments have been introduced to the Law “On Securities Market”

legal_review_APRIL-2019

Table of content:

Draft law “On labor unions of the Kyrgyz Republic” is brought up for public discussion on April 12, 2019
Amendments to regulations and legislative acts on investment funds activity
New law “On Guarantee Funds in the Kyrgyz Republic” is adopted
New state duty rates have been approved and introduced in the Kyrgyz Republic for filing lawsuits to the courts, notarization, obtaining legal documents and copies of documents from Civil Registry Office
Amendments were introduced to the law “On audit activity”
Jogorku Kenesh Committee on Fuel and Energy Complex and Subsoil Use approved the concept of draft law on amendment to condition on license extension at the development stage

legal_review_FEBRYARY--2019

Table of content:

2019 is declared as the Year of Regional Development and Digitalization of the Country
Simplified procedure for confirming the residence of the Kyrgyz Republic
Introduction of the pilot project on state registration of legal entities in electronic form
Draft law on introduction of a mechanism for resolving disputes between business entities and state bodies via arbitration
The Agreement on Trade and Economic Cooperation between the EAEU and its Member States with People’s Republic of China has been ratified
Fifth degree freedom of the air will be used in the Kyrgyz Republic
New fees on state (re)-registration and liquidation of legal entities and their branches (representative offices) have been established
New bank rate of the National Bank of the Kyrgyz Republic has been established

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American Chamber of Commerce in the Kyrgyz Republic (AmCham) is the leading international business association that seeks to create a favorable and competitive business environment in Kyrgyzstan.

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