How can a foreigner buy property in Kyrgyz Republic ?
Kyrgyz Republic as a zone for foreign investment and the real estate as an investment object are popular
phenomena. Foreigners eagerly invest money both in purchase of residential real estate for moving and
permanent residence, and in running a business in leasing purchased real estate (residential and commercial
real estate). A big advantage and often a decisive factor in buying the real estate in Kyrgyz Republic is the
complete confidentiality of data on possessing the real estate by a foreigner in Kyrgyz Republic. In this
article, we will answer the most frequently asked questions about buying property by a foreigner.
May a foreigner buy property and land in Kyrgyz Republic?
A citizen of any country in the world has the right to buy and use the real estate in Kyrgyz Republic. After
concluding the purchase and sale transaction, the foreigner receives a certificate of ownership and becomes
the full owner of the property.
When a foreigner wants to purchase a private house with a land plot, there are specific aspects to be familiar
with. According to the legislation of Kyrgyz Republic, a foreign citizen cannot own land and only has the
right to rent it. Therefore, after the transaction is performed, the foreigner will be the owner only of the
residential building and will use the land based on the lease agreement.
What kind of real estate (residential or commercial real estate) may a foreigner buy in Kyrgyz Republic ?
Kyrgyz Republic does not impose limits on the foreign citizens’ choice of real estate to be purchased.
Therefore, they are allowed to purchase:
• an apartment
• a house
• an office
• a warehouse
• a manufacturing facility
In whose name should the property be registered and who may own it in Kyrgyz Republic an individual or a
foreign company
You can register the property purchased in your name (as an individual) or in the name of a Kyrgyz Republic or
foreign company. When registering property in the name of an individual, a foreigner needs only to have a
passport. In addition to the original passport, you should have a notarized translation into Russian. This
does not apply to Russian citizens, since the text of their passports is already made in Russian.
When registering the property in the name of a Kyrgyz Republic legal entity, you have to provide the documents
confirming its registration. If a foreign company plans to become the owner, an extract from the commercial
register or another similar document confirming the legal status of the foreign company is to be requested
from the competent authority of the foreign state. This document should be legalized and translated into
Russian with subsequent notarization of translation. In addition to the extract, a document stating the
authorities of the person acting on behalf of the foreign company is to be submitted. This may be a power of
attorney or the authorization letter of the company’s head.
If a foreign buyer of the real estate does not speak Russian and does not understand it, then a translator
should be present during performance of the transaction for purchase of the real estate.
May the real estate belong to a foreigner in May the real estate belong to a foreigner in Kyrgyz Republic, if
payment for the real estate acquired was made on behalf of the third-party company or the individual ?
The real estate purchase and sale transaction may be carried out provided that the actual payer under the
contract is not the foreigner, who will become the owner and receive a certificate of ownership of the real
estate, but, for example, their company or another person. This option is called “payment for the third
party”.
For more information and legal help in buying a real estate in Kyrgyz Republic Contact our lawyers for an
initial consultation using the phone or email numbers above.
Our company provides an opportunity to reduce the cost of purchases from Kyrgyzstan & Belarus to increasing
the profitability of the transaction; selects reliable suppliers - reducing the risks of non-deliveries and
unfair deliveries; selects the most profitable and safe logistics option in terms of cost, timing and quality
of transportation; saves the client's time, and therefore money for monitoring options for suppliers and
goods, negotiations with suppliers, formalizing a foreign economic transaction, buying currency, customs
clearance, submitting reports, etc.
We help to draw up the necessary documentation for the smooth Export from territory of the Kyrgyz Republic&
Belarus