It is registered
Ministry of Justice
Kyrgyz Republic
On April 22, 2003 No. 37-03
of April 16, 2003 No. 13/2
About establishment of requirements for determination of subjects and the list of offshore zones
For the purpose of safety, reliability and banking system stability of the Kyrgyz Republic, depositor protection and other creditors of commercial bank, ensuring transparency of structure of property of banks based on articles 16 and 26 of the Law of the Kyrgyz Republic "About banks and banking activity", prevention of carrying out the transactions connected with financing of terrorist activities and legalization (washing) of the criminal income, the Board of National Bank of the Kyrgyz Republic decides:
1. Determine that subjects of offshore zones are banks, subsidiary banks, holding companies, financial credit institutions, legal entities and physical persons registered or living in the states or in the territories which are providing preferential tax regime and (or) not providing complete disclosure and (or) information to banking supervisor authorities according to requirements and recommendations of Basel Committee on Banking Supervision.
2. For the purpose of implementation of regulation and supervision of activities of commercial banks and other financial credit institutions (further - commercial banks) to approve the enclosed list of the states and the territories which are providing preferential tax regime and (or) not providing complete disclosure and submission of information to banking supervisor authorities (offshore zones). Changes and additions can be made by board decision of National Bank of the Kyrgyz Republic to this list.
3. Ceased to be valid the Resolution of Board of NBKR of March 2, 2006 No. 5/7
4. To management of methodology of supervision and licensing:
- together with legal department to carry out state registration of this resolution in the Ministry of Justice of the Kyrgyz Republic;
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