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LAW OF THE KYRGYZ REPUBLIC

of March 2, 2002 No. 31

About privatization of state-owned property in the Kyrgyz Republic

(as amended on 24-07-2024)

Accepted by General Court of Jogorku Kenesh of the Kyrgyz Republic on January 31, 2002

This Law of the Kyrgyz Republic establishes the organizational and legal basis of transformation of the relations of property in the Kyrgyz Republic by means of privatization of state-owned property.

Chapter I. General provisions

Article 1. Concept of privatization of property

Privatization of state-owned property is understood as paid property acquisition, the state (subjects to privatization) which is in property, in property of physical persons and legal entities.

Article 2. Legislation of the Kyrgyz Republic on privatization of state-owned property

The legislation of the Kyrgyz Republic on privatization of state-owned property consists of this Law, other legal acts and other regulatory legal acts of the Kyrgyz Republic accepted according to them.

Article 3. Restriction of coverage of this Law

Operation of this Law does not extend:

on recovery of property rights of owners, their heirs and legal successors on property which was nationalized, confiscated or is in a different way withdrawn against the will of specified persons in the state-owned or municipal property;

on privatization of the earth, except for the parcels of land constituting single complex with subjects to privatization;

on privatization of natural resources;

on privatization of the state and municipal housing stock;

on privatization of the state reserve;

on privatization of the state-owned property which is outside the territory of the Kyrgyz Republic;

on privatization of objects of historical and cultural heritage and natural objects;

on cases of accomplishment of obligations of the Kyrgyz Republic according to the international treaties signed by the Kyrgyz Republic;

on state-owned property within realization of the national objectives determined by the Cabinet of Ministers of the Kyrgyz Republic in the sphere of construction of facilities of the state value and the state program of housing providing citizens of the Kyrgyz Republic.

on alienation of the objects which passed into state-owned property on the bases provided by the civil legislation of the Kyrgyz Republic, the legislation of the Kyrgyz Republic on offenses, the penal and criminal procedure legislation of the Kyrgyz Republic. The procedure for alienation of the state-owned property specified in this paragraph is determined by the Cabinet of Ministers of the Kyrgyz Republic;

on alienation of objects of state-owned property within implementation of the investment agreement between the Cabinet of Ministers of the Kyrgyz Republic and the investor signed by direct negotiations according to the legislation of the Kyrgyz Republic on investments;

on objects of state-owned property, including the strategic objects transferred in payment for the placed shares of "National Investment Fund of the Kyrgyz Republic" open joint stock company according to the Law of the Kyrgyz Republic "About the National investment fund of the Kyrgyz Republic".

Alienation of the state-owned property specified in part one of this Article except for of the strategic objects of the Kyrgyz Republic and objects specified in paragraph eleven of part one of this Article is regulated by other legal acts of the Kyrgyz Republic.

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