The draft Law of the Kyrgyz Republic on Investments has been published for public discussion. You can familiarize yourself with the document in detail at the link: http://koomtalkuu.gov.kg/ru/view-npa/3117
The draft Law of the Kyrgyz Republic on Investments aims to regulate the legal relations of investors when making direct investments, as well as to establish the principles of the state investment policy. It defines guarantees for ensuring the rights of investors, mechanisms for protecting the interests of investors, and the activities of state bodies and local self-government bodies in attracting investments.
Key provisions:
1. Subject of regulation:
— regulates the legal relations of investors when making direct investments;
— establishes the principles of the state investment policy;
— defines guarantees for ensuring the rights of investors;
— defines mechanisms for protecting the interests of investors.
2. The draft Law proposes to specify and/or provide new conceptual frameworks for key terms, the clear understanding of which will positively influence investment activities. In particular, the concepts of: "investor", "national investor", "foreign investor", "investments", "direct investments", "investment project", "investment agreement", "investment activity", etc. have been significantly revised.
3. The draft Law proposes to reconsider the role and status of the state body responsible for developing and implementing state investment policy.