LAW OF THE KYRGYZ REPUBLIC

of June 22, 2022 No. 47

About modification of some legal acts of the Kyrgyz Republic (in the laws of the Kyrgyz Republic "About subsoil", "About production sharing agreements in case of subsurface use")

Accepted by Jogorku Kenesh of the Kyrgyz Republic on June 2, 2022

Article 1.

Bring in the Law of the Kyrgyz Republic "About subsoil" (Sheets of Jogorku Kenesh of the Kyrgyz Republic, 2018, No. 5, the Art. 282) the following changes:

Article 19 to add 1) with part of 4-1 following content:

"4-1. The legal entity or physical person, including foreign, declared as the winner of auction or tender on provision of right to use by large and average gold deposits and silver, shall create in the Kyrgyz Republic the legal entity with obligatory equity of the state at least 30 percent for execution of the license for it for mineral right.";

Paragraph one of part 1 of Article 25-1 to state 2) in the following edition:

"1. The mineral right is granted according to the decision of the Cabinet of Ministers of the Kyrgyz Republic only to business entities and the state companies having at least than two thirds of shares of the state in the authorized capital.";

Part 1 of Article 29 to state 3) in the following edition:

"1. All types of mineral rights, except for are subject to licensing:

1) mineral rights according to the concession treaty;

2) state registration.".

Article 2.

Bring in the Law of the Kyrgyz Republic "About production sharing agreements in case of subsurface use" (Sheets of Jogorku Kenesh of the Kyrgyz Republic, 2002, No. 5, the Art. 208) the following changes:

1) in Article 6:

a) to state paragraph two of Item 3 in the following edition:

Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info