Business in Kyrgyzstan. Entering the Kyrgyzstan Market
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Save your business tens of thousands of dollars
when entering the Kyrgyzstan market
Save your business tens of thousands of dollars
when entering the Kyrgyzstan market
General information
Population
6 551 900 people Official language
Kyrgyz and Russian Main religion
Islam Currency
Kyrgyzstani Som (KGS) Time zone
UTC+6 Economy of Kyrgyzstan
GDP per capita
1366 USD Economic growth
3,5% Unemployment
8,5% Inflation
5,6% Investment inflow
142 million USD Business in Kyrgyzstan
Popular type of legal entity
Limited liability company (LLC) Minimum number of shareholders
1 Company registration period
3 days Minimum share capital
1 som Restrictions for foreigners on starting a business
No A local director is required?
No Corporate tax
10% VAT
12% Advantages and disadvantages
Advantages
rich natural resources, strategic location on the Silk Road, developing tourism industry, young and affordable workforce Disadvantages
corruption, political and economic instability, underdeveloped infrastructure, limited access to financing, low GDP per capita