The National Investment Agency under the President of the Kyrgyz Republic hereby informs about the beginning of discussions on legal regulation and the collection of proposals from interested parties for the development of the draft Law of the Kyrgyz Republic "On Investments in the Kyrgyz Republic".
1. Description of the problems that the proposed regulation aims to address (if possible, provide relevant quantitative and qualitative indicators):
The current Law of the Kyrgyz Republic "On Investments in the Kyrgyz Republic" dated March 27, 2003 includes many key provisions that guarantee protection to investors, but their wording can be improved to align with best international practices and bilateral investment agreements of the Kyrgyz Republic. The Kyrgyz Republic is relatively open to foreign investors and investments; however, the transparency of the regime regulating market entry and the requirements for the establishment of a legal entity by foreign investors need improvement.