The draft resolution related to this initiative has been put out for public discussion.
The aim of this project is to establish transparent and unified rules for both investors and government structures.
The new procedure defines general requirements:
- for the content of requests from investors;
- for the timelines and procedures for their consideration;
- for the obligations of state and local government bodies to publish information about available support measures on their official resources.
It is noted that the conditions and timelines for providing incentive measures, upon their approval, must be included in the investment agreement, which must be signed within 30 calendar days after the announcement of the winner of the investment competition.
The project also clarifies the functions of the National Investment Agency under the President of the Kyrgyz Republic. Investors must notify the agency when submitting a request, while state and local authorities are obliged to inform it about the results of their decisions.
In addition, the agency is assigned the following responsibilities:
- accounting for the provided incentive measures;
- developing a regulation for accounting and monitoring these measures.
At the same time, specific conditions for providing incentive measures, such as stabilization regimes, connection to infrastructure, investment visas, and licenses, will continue to be regulated by existing industry regulations. The new procedure does not replace them but rather simplifies the process of processing requests from investors.
According to the justification, the adoption of this resolution:
- will not require additional budgetary funds;
- will not cause negative social, economic, environmental, or corruption consequences;
- does not require regulatory impact analysis, as it does not directly affect entrepreneurial activity.
Key Points
List of Measures: stabilization regime (taxes, customs benefits, and non-tax payments), accelerated depreciation, special technical regulations, land and water use rights, connection to infrastructure, licenses, permits, and investment visas.
Timelines: document completeness check — up to 3 working days; decision-making — up to 15 working days from the moment of receiving the complete set of documents.
Transparency: government bodies must publish complete information on their websites about the requirements, necessary documents, and application forms.
Digital Channels: requests can be submitted both in paper and electronic form; registration — no later than the next working day.
Investor Guarantees: the right to receive information on the progress of consideration, protection of data confidentiality, the possibility of appealing decisions.
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