In the Jogorku Kenesh, mechanisms of venture financing and participation of foreign investors were discussed

Марина Онегина Economy
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- During the meeting of the Committee on Constitutional Legislation, Local Self-Government, and the Regulations of the Jogorku Kenesh, the deputies reviewed a draft law concerning amendments to the legislation of the Kyrgyz Republic related to venture financing, which was proposed for the first reading.

Deputy Gulnara Akimbaeva emphasized the mechanisms of limited partnerships, highlighting that their proper regulation is key to improving the investment environment.

Deputy Venera Salyamova raised questions about the opportunities and risks of venture financing, clarifying how foreign investors could participate in this process in Kyrgyzstan.

The Deputy Director of the National Investment Agency under the President of the Kyrgyz Republic, Zhalyn Zheenaliev, explained that for participation in venture financing, foreign investors must obtain local accreditation. He also noted that the main requirement is to have at least 10 years of experience in this field.

The purpose of the draft law is to legally define the concepts of venture financing, venture investors, investment funds, and managers, as well as to create favorable conditions for attracting investments in startups and innovative projects. The document aims to improve the investment climate of the country and support technological entrepreneurship.
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