LAW OF THE KYRGYZ REPUBLIC

of June 28, 1991 No. 536-XII

About foreign investments in the Kyrgyz Republic

Article 20. Tax benefits to foreign investors in the Kyrgyz Republic

The companies with foreign investments and the income from joint activities with participation of foreign investors if payment by share in the companies or purpose-oriented deposits is made by foreign investors in freely convertible currency, the equipment, raw materials or materials and their size constitutes at least 30 percent of authorized capital of the companies, the total amount intended for conducting joint activities, or in total at least 51 percent of shares are exempted from the tax discharge on profit:

- if object of activity are spheres of the industry, construction - within five years from the moment of profit earning;

- if object of activity are production and conversion of natural resources, agricultural industry, transport or communication - within three years from the moment of profit earning;

- if object of activity is trade, tourism, bank or insurance case, and also other types of activity - within two years from the moment of profit earning.

Article 23. Customs privileges

Import of the material values, raw materials and components intended for formation of authorized fund, purpose-oriented deposits for the purposes of production of the companies with foreign investments or participants of joint activities with foreign investors is not levied duty.

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