Business entities in Kyrgyzstan

Business entities in Kyrgyzstan

Kyrgyzstan business entity typesThe most commonly registered business entities in Kyrgyzstan are the limited liability company (LLC) and the joint stock company. Additionally, our corporate Clients may choose to register a either branch office or a representative office in the country. Healy Consultants will assist our Clients with choosing the optimum corporate structure based on their business needs.

The Kyrgyzstan Limited Liability Company

  • The Kyrgyzstan LLC can be setup with 1 director and 1 shareholder, who can be of any nationality. However, corporate entities are not allowed to be sole shareholders of an LLC. There is no minimum share capital requirement for setting up this entity;
  • An LLC must not have more than 30 shareholders; otherwise, it must be re-organized into a Joint Stock company within 1 year or face liquidation.

The Kyrgyzstan Joint Stock Company

  • Like an LLC, a Joint Stock company may be 100% owned. Furthermore, a corporate entity may not be the sole shareholder in this entity. A minimum share capital amount of US$1,465 will be deposited at incorporation, which must be entirely paid-in;
  • A Joint Stock company may be closed or open. A closed JSC will have between 3 and 50 shareholders and will not offer shares to the public. However, an open JSC is allowed to issue shares to the Kyrgyzstan public.
  • Branch Office

    • This Kyrgystan business setup can be used by foreign companies for operating in the country. To setup this entity, the foreign company must be registered with the Ministry of Justice. A branch office of an international bank must additionally be registered with the Central Bank;
    • A branch office can only pursue business activities within the scope defined by the parent company. However, it is allowed to invoice local customers, sign local sales contracts and receive income from customers.

    Representative Office

    This Kyrgyzstan business setup is not permitted to make direct sales in the country. Such an office must however only engage in activities which will not amount to carrying on business, for example market research. Like a branch office, a representative office will also be registered with the Ministry of Justice.

    Table of common Kyrgyzstan entity types

     LLCJoint Stock CompanyBranch OfficeRep Office
    How long to set the company up?4 weeks8 weeks6 weeks6 weeks
    How long to open the bank account?4 weeks4 weeks4 weeks4 weeks
    Does the Client need to travel?NoNoNoNo
    Can legally trade in Kyrgyzstan and issue invoicesYesYesYesNo
    Can open a bank account in KyrgyzstanYesYesYesYes
    Enjoys limited liability in KyrgyzstanYesYesNoNo
    Minimum number of shareholders required13NANA
    Minimum number of directors required11NANA
    Minimum Capital01,46500
    Kyrgyzstan resident director requiredNoNoNoNo
    Kyrgyzstan company secretary requiredNoNoNoNo
    Audited financial statements requiredNoYesNoNo
    Submit annual tax returnYesYesYesYes
    Corporate directors allowedNoNoNoNo
    Kyrgyzstan tax payable10%10%10%0%
    Office premises mandatoryNoNoNoNo
    Allowed to hire staffYesYesYesYes
    Average Engagement costsUS$12,310US$12,310US$14,000US$14,000
    Draft InvoiceKyrgyzstan LLC incorporation costKyrgyzstan JSC incorporation costKyrgyzstan Branch incorporation costKyrgyzstan RO incorporation cost

Contact us

For additional information on our business setup services in Kyrgyzstan, please email us at email@healyconsultants.com. Alternatively please contact our in-house country expert, Mr. Petar Chakarov, directly:
client relationship officer - Petar