LAW OF THE KYRGYZ REPUBLIC

of June 6, 2023 No. 117

About voluntary legalization and amnesty of assets of physical persons

Accepted by Jogorku Kenesh of the Kyrgyz Republic on May 4, 2023

Article 1. Subject and purpose of this Law

1. This Law governs the relations connected with legalization of assets of physical persons including without payment of tax and customs payments, fees on social insurance and other obligatory payments, release from criminal liability in the form of provision of the state guarantee according to the legislation of the Kyrgyz Republic.

2. The purpose of this Law is attraction of property and the income of physical persons in legal economic circulation by creation of legal mechanism of legalization by means of voluntary declaring by physical persons of the assets belonging to them which are available as of January 1, 2023 including nominally drawn up on other persons and/or being outside the Kyrgyz Republic, owner or the actual owner of which for date of submission of the special declaration is the customs applicant; increase in internal and external investments into economy of the Kyrgyz Republic; reduction of share of shadow economy; providing guarantees of safety of assets and protection of their owners against prosecution from state bodies of the Kyrgyz Republic for violations of requirements of the legislation which could take place before introduction of the voluntary declaring of assets provided by this Law.

3. This Law does not regulate the legal relationship connected with legalization of assets which are received and taken as a result of making of crimes or offenses in the territory of foreign state and are recognized as those based on judgments.

Article 2. The basic concepts used in this Law

1. In this Law the following basic concepts are used:

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