Kyrgyzstan: Investor visas may now be issued for 5 or 10 years
Which document introduces the changes?
Law of the Kyrgyz Republic No. 41 dated February 24, 2023 (source in Russian)
What are the changes?
From March 15, 2023, investment visas are issued to foreign nationals for a period of:
- 5 years if the investor contributed to the country's economy monetary and material values equivalent to at least 10 million soms (about USD 115,000);
- 10 years, if the investor contributed to the country's economy monetary and material values equivalent to at least 20 million soms (about USD 229,000).
To issue an investor visa, it is necessary to obtain a document confirming the contribution to the economy of the Kyrgyz Republic from the authorized state body of Kyrgyzstan for the promotion of investments.
Previously, the maximum validity period of an investment visa was 3 years.
The investment portal of the Kyrgyz Republic provides a list of the sectors of the economy for investment (manufacturing, industry, agriculture, banking, energetics, education, medicine, engineering and construction purposes, information and communication technologies), as well as a list of required documents. It should be noted that as of the date of publication of this information the changes in the visa validity period and the amount of investments have not yet been reflected on the portal.
Who will be affected?
Foreign citizens who plan to invest in the economy of Kyrgyzstan.