“Today, countries around the world, both developed and developing, are actively competing to attract foreign investments. The pandemic has slightly slowed down this process. Currently, the total volume of foreign direct investments is about $1.2 trillion, and we aim to attract a portion of this amount,” Zheenaliev noted.
Previously, investors were offered only land plots, but now the state is ready to offer a much broader range of benefits, including exemption from customs duties on raw materials and equipment, as well as exemption from three types of taxes for up to five years for large, national, and strategic projects with the possibility of extending for another five years.
“Such conditions for investors are unique and are found only in a few post-Soviet states,” he added.
There is also a discussion about the possibility of providing long-term visas for 20-30 years for those investors who are ready to invest amounts from $300,000 to $400,000. Zheenaliev also reported on plans to develop an investment strategy by 2030, which should help improve Kyrgyzstan's national ranking in international and statistical bodies.
In addition to this, the country is actively working on forming a legal framework for venture financing and supporting startups. “After the relevant legislative act is adopted, there will be an excellent opportunity to attract global startup funds and investments to Kyrgyzstan,” the deputy head of the agency concluded.
