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LAW OF THE KYRGYZ REPUBLIC

of August 6, 2007 No. 134

About amnesty in connection with legalization of money, personal and real estate

(as amended of the Law of the Kyrgyz Republic of 23.12.2016 No. 217)

Accepted by Jogorku Kenesh of the Kyrgyz Republic on June 18, 2007

This Law, for the purpose of attraction of additional resources in economy of the Kyrgyz Republic, regulates holding exclusively single action by the state on legalization of money, personal and real estate and establishes the legal basis and procedure for legalization of income of physical persons and legal entities of all patterns of ownership gained as a result of acquisition, ownership, use or the order by financial resources, property and property rights, intellectual property items and other objects of the civil laws and provisions of the state guarantees of their immunity.

Article 1. Basic concepts

Legalization of money, personal and real estate - collateral actions of banks, financial credit institutes, public institutions, tax and other authorities, including physical persons, on giving to object of legalization of the legal status by results of its declaring.

Object of legalization - money in any currency (bank deposits), the personal and real estate which is both in the territory of the Kyrgyz Republic, and beyond its limits, the property rights, the economic benefit received from economic activity which are earlier not declared according to the procedure, established by the legislation of the Kyrgyz Republic.

Personal estate - vehicles, money (in national and foreign currency), securities, share of the capital belonging to the subject of legalization in the companies, jewelry from precious and semiprecious metals, semi-precious stones and stones, livestock and other living creatures, except invaluable, financial and other property requirements in relation to citizens and legal entities, and also the property having cultural value, and the old times objects recognized as those according to the procedure, established by the legislation of the Kyrgyz Republic.

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