Property in Kyrgyzstan

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.

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.

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.

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”.

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