This guide provides basic information on key legal issues commonly facing employers and employees in the course of employment such as hiring, work and rest time, salary, termination of employment, etc.

Industry and Legal Update.

The International Business Council prepared an article in order to give the most important information about the Customs Union and the consequences if the Kyrgyz Republic joins the economic alliance.

This guide is designed as a basic reference guide to Kyrgyzstan’s tax and legal environment for entities interested in doing business in the Kyrgyz Republic.

This information and annual reference guide covers the legal aspects of doing business in Kyrgyzstan.

The country report was prepared under the auspices of the UNECE Secretariat, as part of the Comparative Review of the CIS legislation related to public-private partnerships. The review was prepared with assistance of Kalikova & Associates Law Firm.

In early March 2013 the Government of the Kyrgyz Republic decided to transfer the fiscal policy functions from the Ministry of Economy to the Ministry of Finance. The business community reacted negatively to this decision, thinking that it was dictated by International Monetary Fund (IMF), and in fact hands over to IMF some functions of fiscal policy elaboration and administering. Business community sent a letter to President Almazbek Atambayev and Prime Minister Jantoro Satybaldiev.

International Business Council offers a summary of most important regulatory legal acts of the Kyrgyz Republic adopted in 2012 in the field of mineral resources. The summary is presented in a form of comprehensive table, which provides short information on each legal act, as well as status at which it currently fits.

On August 22, Russia officially became a full WTO member. That day a government resolution on the approval of export duties came into force, and on August 23 a new Common Customs Tariff of the Customs Union, which sets import duties, was introduced.

The microfinance sector, which emerged in Kyrgyzstan in 1995, is today a leader in the Central Asia. Over the last 15 years, the sector has been developing steadily and rapidly. Microfinance is becoming more common in the Kyrgyz market, complementing the traditional banking segment. The microfinance sector aims to increase economic activity, create jobs and reduce poverty.

Kyrgyzstan is a country with enormous hydropower resources by the amount of which it is ranked 3rd among the CIS countries after Russia and Tajikistan. However, despite significant hydropower resources capable of giving strong impulse to economic development of Kyrgyzstan, our country has yet to benefit from its natural wealth.

Today Kyrgyzstan is mostly known as a country of revolutions. In order to attract not only tourists but also investors, it is necessary to promote Kyrgyzstan as a stable, accessible, friendly and attractive country in the world tourism market.