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 InvoiceView invoice PDFView invoice PDFView invoice PDFView invoice PDF

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: