Kyrgyzstan Amends Law On Activities In Bishkek Free Economic Zone
Date
1/13/2025 2:06:42 AM
(MENAFN- Trend News Agency)
BISHKEK, Kyrgyzstan, January 13. Kyrgyzstan's
President Sadyr Zhaparov has signed a law amending the country's
legislation on free economic zones (FEZ), Trend reports.
The changes are aimed at improving conditions for businesses
operating in the Bishkek FEZ and ensuring fair competition. The law
also seeks to address inconsistencies and gaps in the legislation,
particularly in light of recent changes to the Kyrgyz Tax Code
introduced in February 2024.
Under the new amendments, certain types of activities will
remain prohibited in the FEZ, including the production and sale of
excise goods.
However, there are exceptions for businesses involved in the
assembly, production, and sale of specific items, such as tobacco
products, nicotine-containing goods, disposable electronic nicotine
delivery systems, and certain flavored waters.
The law also specifies that businesses operating within the FEZ
must meet infrastructure requirements set by the Kyrgyz government.
These businesses will be subject to customs regulations and other
state controls, regardless of when they were registered in the
FEZ.
These amendments are part of ongoing efforts by the government
to promote entrepreneurship, attract investment, and improve the
business climate in Kyrgyzstan.
The amendments were approved by the country's Parliament, the
Jogorku Kenesh, on November 20, 2024.
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