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The document ceased to be valid since  August 20, 2014 according to Item 2 of the Order of the Government of the Kyrgyz Republic of August 1, 2014 No. 431

ORDER OF THE GOVERNMENT OF THE KYRGYZ REPUBLIC

of October 11, 1995 No. 474

About approval of the Regulations on the free economic zone Bishkek

as of October 21, 2010)

In pursuance of resolutions of General Court of Jogorku Kenesh of the Kyrgyz Republic of June 23, 1995 No. 151-I and the Meeting of national representatives of Jogorku Kenesh of the Kyrgyz Republic of June 29, 1995 No. 133-I "About creation of the free economic zone Bishkek, and also for the purpose of enhancement of market mechanism of managing, providing favorable conditions for attraction of foreign investments and technologies to the republic the Government of the Kyrgyz Republic decides:

1. Approve the enclosed Regulations on the free economic zone Bishkek.

2. Ceased to be valid the Order of the Government KR of June 4, 2002 No. 361

3. No. 539 is excluded by the Order of the Government KR of September 26, 2008.

4. No. 539 is excluded by the Order of the Government KR of September 26, 2008.

5. No. 539 is excluded by the Order of the Government KR of September 26, 2008.

6. No. 539 is excluded by the Order of the Government KR of September 26, 2008.

7. No. 539 is excluded by the Order of the Government KR of September 26, 2008.

8. No. 539 is excluded by the Order of the Government KR of September 26, 2008.

9. Declare invalid the order of the Government of the Kyrgyz Republic of November 17, 1992 No. 564 "About return of lands to Ala-Archa sovkhoz of Alamedinsky district for completion of construction of the satellite town of "Joint stock company-Chy".

10. To impose control over the implementation of this resolution on the First vice-Prime Minister of the Kyrgyz Republic Tagayev A. A.

 

Prime Minister A. Dzhumagulov

Approved by the order of the Government of the Kyrgyz Republic of November 11, 1995 No. 474

Regulations on the free economic zone Bishkek

This Provision is developed according to the Law of the Kyrgyz Republic "About free economic zones in the Kyrgyz Republic" and determines the special legal basis of managing and foreign economic activity in the free economic zone Bishkek (further - SEZ "Bishkek").

Section I of the Purpose and task of SEZ "Bishkek"

1. The purposes and tasks of functioning of SEZ "Bishkek" are providing favorable conditions for attraction of the foreign capital, technologies, managerial experience and the decision on this basis of pressing social and economic tasks of the republic and its capital, creation of modern production and social infrastructure, new workplaces, market saturation with goods, increase in level of living of the population.

Section II Status and particular legal regime

2. SEZ "Bishkek" has the protected territory and borders, the regulatory base, the budget, own governing bodies.

3. SEZ "Bishkek" is located in village borders Marble, and also the National and exhibition center under the Government of the Kyrgyz Republic of the parcel of land located in the territory of the city of Kara-Balta, of 100 hectares, limited from the East to the river Cara-Baltinka, from the West - Ulitsa Turar Kozhomberdiyev, from the South - the road on Sara-Bulak's village, from the North - Ulitsa Michurina (maps are attached).

4. The ministries, the state committees and administrative departments of the republic in case of permission of the questions carried to their competence if they infringe on interests of zone, in the territory of SEZ "Bishkek" are effective only through general directorate. In case of contradictions they are permitted by the Government of the Kyrgyz Republic.

In subjects of SEZ "Bishkek" different checks concerning their financial and economic activities and to the taxation are made with the consent of general directorate of SEZ "Bishkek" no more once a year by the state tax authority and the state customs authority. Intervention in economic activity of subjects of SEZ "Bishkek" from any state body is not allowed, except for singular solution of the Government of the Kyrgyz Republic.

5. In the territory of SEZ "Bishkek" the legislation of the Kyrgyz Republic is effective if it does not contradict the Law of the Kyrgyz Republic "About free economic zones in the Kyrgyz Republic".

6. The relations connected with implementation of foreign investing activities in SEZ "Bishkek" are regulated by the legislation of the Kyrgyz Republic, and also provisions of international treaties which participant is the Kyrgyz Republic.

If international treaties determine other rules by what those which contain in the legislation of the Kyrgyz Republic rules of international treaties are applied.

7. The general directorate does not answer on debts and obligations of the Kyrgyz Republic, the Kyrgyz Republic does not answer on debts and obligations of general directorate.

8. The main document regulating legal status of foreign investors and participants of investing activities is the agreement (agreement).

The choice of partners, the conclusion of agreements, determination of obligations, other conditions of the economic relations which are not contradicting the legislation of the Kyrgyz Republic is exclusive competence of foreign investors and participants of investing activities.

Conditions of the agreements signed between foreign investors and participants of investing activities keep the force on all effective period of agreements. In cases when after the conclusion of the agreement the legislation of the Kyrgyz Republic establishes the rules worsening situations of the foreign investor and (or) participant of investing activities, terms of the contract keep the force for all term of its action.

The economic disputes arising between the foreign investor and general directorate as agreed by the parties can be considered in the city of Washington (USA) according to the International convention on investment disputes.

The Section III the State guarantees for foreign investors of SEZ "Bishkek"

9. According to the legislation of the Kyrgyz Republic and rules of international law legal protection of foreign investments is guaranteed.

10. The legal regime of foreign investments is exclusive and there cannot be less favorable, than legal regime for the investments performed by legal entities and citizens of the Kyrgyz Republic.

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