Category: Uncategorized

The postal code system in Kyrgyzstan has remained largely unchanged since the Soviet era. Postal codes in Bishkek, as well as in other cities of Kyrgyzstan, consist of six-digit codes: the first three digits usually represent the region, while the last three refer to a specific post office within that…

With the rapid development of digital technologies and the growing popularity of cryptocurrencies, many countries around the world have started establishing legal frameworks to regulate this emerging economic sector. Kyrgyzstan is no exception. In August 2022, the country enacted the Law “On Virtual Assets,” a significant step toward integrating blockchain…

The Ministry of Digital Development of the Kyrgyz Republic has proposed introducing a new tool to legalize the stay of citizens of Russia and other countries. This tool is called a Temporary Residence Permit (TRP). The ministry has already developed a draft resolution for the government. Currently, temporary registration in…

In 2024, entrepreneurs in Kyrgyzstan have a wide range of banks to choose from for opening accounts for individual entrepreneurship (IP) and limited liability companies (OSOO). Citizens of Russia and Belarus are increasingly opening branches or representative offices. When selecting a bank, it’s important to consider factors such as interest…

Many countries support entrepreneurs and IT companies through tax incentives and other benefits, establishing technology parks and special economic zones to create a comfortable working environment for programmers and internet-based businesses. In the post-Soviet space alone, there are more than twenty technology parks and SEZs, all competing for potential residents.…

Why is company registration in Kyrgyzstan beneficial? In Kyrgyzstan, founders can be individuals or legal entities, both local and foreign. A Limited Liability Company (LLC or OsOO) is only liable for its obligations, while the founder’s liability is limited to the amount of their contribution to the charter capital. Documents…

Accounting services is an essential aspect of any company’s operations, regardless of its size or industry. Businesses, particularly small and medium-sized enterprises, are increasingly seeking professional accounting assistance. This allows them to focus on their core business while minimizing risks associated with financial errors. Our primary clients come from Kyrgyzstan,…

To engage in entrepreneurial activities in Kyrgyzstan, a foreign entrepreneur must go through the state registration process. However, it is possible to open a sole proprietorship (IP) remotely, without physically visiting the country. Steps to Register as an IP in Kyrgyzstan in 2024 When registering as an individual entrepreneur, several…

Kyrgyzstan is currently in high demand among entrepreneurs looking to establish companies, branches, or representative offices. This offers a great opportunity to expand business influence, acquire new clients, and increase profits. A significant advantage is the widespread use of the Russian language, eliminating communication barriers. For foreign companies, opening a…