№88549: What is the procedure to start a business in Kyrgyzstan for the foreigners?

02.01.2022 | Просмотров: 644

What is the procedure to start a business in Kyrgyzstan for the foreigners?

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Юрист
02.01.2022 21:44

Hello, Branches and Representative Offices of Foreign Legal Entities Branches and representative offices of foreign companies are not regarded as organizations of the Kyrgyz Republic. They are not regarded as independent participants of civil turnover and may enter into civil, labor, tax and other legal relations only on behalf of the founding organization. Liability for activities of the branch or representative office is borne by the founding organization. Branches and representative offices are endowed with the property of their founders, and act on the basis of the approved bylaws. The legislation of the Kyrgyz Republic distinguishes between branches and representative offices. The functions of representative offices are limited to representing a foreign legal entity and protecting its interests, performing transactions and other legal actions on behalf of the same. Branches, on the other hand, fulfil all or part of the functions of the foreign founder, including representation. The chiefs of… Подробнее »

Юрист
02.01.2022 23:00

(Document legalization is carried out by Kyrgyz consular offices to respective foreign states or, where no such consular offices exist, by the consular service of the MFA of the Kyrgyz Republic upon prior legalization by the accredited diplomatic mission or consular office of the respective foreign state. Under Kyrgyz Law dated November 16, 2009 No.296, the Kyrgyz Republic has acceded to the Hague Convention abolishing the requirement of legalization for foreign public documents, October 5, 1961). 5. A copy of passport (or other document deemed to be the proof of identity under Kyrgyz law) of an individual being the head of the branch or representative office; 6. A power of attorney for a representative to represent a legal entity  before the Ministry of Justice of the Kyrgyz Republic and its local  offices; 7. A copy of passport (or other identify document recognized by  the legislation of the Kyrgyz Republic) of… Подробнее »

Юрист
02.01.2022 23:09

4. If a foreign legal entity is a founder of another legal entity, a legalized/ apostilled excerpt from the trade register or other proof that the foreign legal entity is in good standing under the laws of its country. 5. A copy of passport (or other document deemed to be the proof of identity under Kyrgyz law) of an individual being the head of the legal entity; 6. A power of attorney for a representative to represent the established organization before the Ministry of Justice of the Kyrgyz Republic and its local offices; 7. A copy of passport (or other identity document recognized as such by the legislation of the Kyrgyz Republic) of an individual acting as a representative. For the state registration of banks and other financial institutions, a written consent of the National Bank or its local offices is required. Free economic zones (FEZs) are areas with special legal regime… Подробнее »

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