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The document ceased to be valid since  May 6, 2015 according to article 2 of the Law of the Kyrgyz Republic of  April 16, 2015 No. 83

LAW OF THE REPUBLIC KYRGYZSTAN

of December 20, 1991 No. 683-XII

About the general beginnings of privatization, privatization and entrepreneurship in the Republic Kyrgyzstan

(as amended on 25-07-2012)

Privatization and privatization of state-owned property in interrelations with necessary social guarantees, development of entrepreneurship and strengthening of property responsibility of business entities, inadmissibility of monopolistic activities and unfair competition are the main parties of modern economic policy in the Republic Kyrgyzstan.

This Law determines the general beginnings of privatization and privatization in the Republic Kyrgyzstan as bases of free entrepreneurship in the conditions of the competition and is the legal base for development of legislative regulation of the corresponding public relations and processes in process of accumulating of necessary practice,

Section I General provisions

Article 1. Privatization of property in the Republic Kyrgyzstan

Voided by the Resolution ZhK KR of January 12, 1994 N 1386-XII

Article 2. Privatization in the Republic Kyrgyzstan

Voided by the Resolution ZhK KR of January 12, 1994 N 1386-XII

Article 3. Program of privatization and privatization

Voided by the Resolution ZhK KR of January 12, 1994 N 1386-XII

Article 4. Fund of the State-owned property

Voided by the Resolution ZhK KR of January 12, 1994 N 1386-XII

Article 5. Entrepreneurship in the Republic Kyrgyzstan

The entrepreneurship (business activity) in the Republic Kyrgyzstan represents the initiative, independent activities of citizens directed to profit earning or personal income, performed on the basis of any patterns of ownership.

Article 6. Inadmissibility of monopolistic activities and unfair competition in the Republic Kyrgyzstan

In the Republic Kyrgyzstan the monopolistic activities directed to restriction or elimination of the competition and causing these damage to interests of the managing and other subjects and citizens and also the unfair competition hurting goodwill and creditworthness of competitors are forbidden.

Article 7. About bankruptcy, reorganization and liquidation of business entities in the Republic Kyrgyzstan

Voided since June 1, 1996 by the Law KR of May 8, 1996 N 16.

Article 8. Social guarantees in the course of privatization and development of entrepreneurship in the Republic Kyrgyzstan

It is excluded by the Law KR of May 8, 1993 N 1229-XII

Article 9. The legislation regulating privatization, privatization and entrepreneurship in the Republic Kyrgyzstan

The legal relationship connected with privatization, privatization and entrepreneurship arise, change and stop on the basis of this Law, other laws of the Republic Kyrgyzstan, Presidential decrees of the Republic Kyrgyzstan.

The Section II On privatization and privatization of state-owned property in the Republic Kyrgyzstan

Article 10. Objects of privatization and privatization

Voided by the Resolution ZhK KR of January 12, 1994 N 1386-XII

Article 11. The subjects performing privatization and privatization

Voided by the Resolution ZhK KR of January 12, 1994 N 1386-XII

Article 12. Subjects of privatization (buyers)

Voided by the Resolution ZhK KR of January 12, 1994 N 1386-XII

Article 13. Procedure for privatization and privatization

Voided by the Resolution ZhK KR of January 12, 1994 N 1386-XII

Article 14. Forms of privatization and privatization

Voided by the Resolution ZhK KR of January 12, 1994 N 1386-XII

Article 15. Conditions and procedure for voluntary conveyance of the state-owned and municipal property

Voided by the Resolution ZhK KR of January 12, 1994 N 1386-XII

Article 16. Sources of means for the redemption of subject to privatization

Voided by the Resolution ZhK KR of January 12, 1994 N 1386-XII

Article 17. Legal registration of transition of the property right to subject to privatization

Voided by the Resolution ZhK KR of January 12, 1994 N 1386-XII

Article 18. Use of the means which arrived from privatization and privatization

Voided by the Resolution ZhK KR of January 12, 1994 N 1386-XII

Article 19. Responsibility of the seller and buyer

Voided by the Resolution ZhK KR of January 12, 1994 N 1386-XII

The Section III On business activity in the Republic Kyrgyzstan

Article 20. Entrepreneurs

1. ceased to be valid since June 1, 1996 the Law KR of May 8, 1996 N 16.

2. Occupation is not allowed by business activity by leading employees and specialists of state bodies as whom the solution of the questions connected with implementation by business activity or control of such activities enters,

Article 21. Freedom of enterprise

1. The freedom of enterprise includes:

free choice of types of activity;

free attraction on a voluntary basis to implementation of business activity of property and money of legal entities and citizens;

free employment of workers;

independent determination of form, system and reserves of compensation and other types) the income of persons working on hiring, but not below the minimum level determined by the state;

independent forming of the program of activities;

the free choice of the partner in the economic relations, consumers of the made products;

free price fixation, taking into account their state regulation on separate types of products;

freedom of the order the profit remaining after introduction of the payments established by tax and other legislation of the Republic Kyrgyzstan:

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