The draft resolution, which is being submitted for public discussion, aims to create transparent and unified rules for investor interaction with government bodies.
Within the framework of the new procedure, the main requirements are defined:
- for the content of requests from investors;
- for the timelines and procedures for their consideration;
- for the obligations of state and local authorities to publish information about available support measures on their official websites and online resources.
An important aspect is that the conditions and timelines for providing incentives, in case of their approval, must be reflected in the investment agreement, which must be concluded within 30 calendar days after the announcement of the winner of the investment competition.
The draft also clarifies the functions of the National Investment Agency, which operates under the President of the Kyrgyz Republic. When submitting a request, investors are required to notify the Agency, and state and municipal authorities must inform it of the results of the review.
Additionally, it is proposed to assign the following tasks to the Agency:
- accounting for the provided incentive measures;
- developing regulations for their accounting and monitoring.
At the same time, the specific conditions for providing various incentives (such as stabilization regimes, connection to infrastructure, investment visas, licenses, and permits) will continue to be regulated by sectoral regulations. The new procedure does not replace them but organizes the process of considering investor requests.
According to the justification of the project, the adoption of the resolution:
- will not require additional expenses from the republican budget;
- will not lead to negative social, economic, environmental, or corruption consequences;
- does not require regulatory impact analysis, as it does not directly regulate entrepreneurial activity.
Key Aspects
List of Measures: including stabilization regimes (tax and customs benefits, non-tax payments), accelerated depreciation, special technical regulations, rights to use land and water plots, connection to infrastructure, licenses and permits, as well as investment visas.
Timelines: verification of document completeness — up to 3 working days; decision-making — up to 15 working days from the moment of receiving the complete set of documents.
Transparency: government bodies are required to post complete information on their websites about the requirements, necessary documents, and application forms.
Digital Channels: requests can be submitted both in written and electronic form; registration must occur no later than the next working day.
Guarantees for Investors: the right to receive information on the progress of the review, data confidentiality, and the possibility of appealing decisions.
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