LAW OF THE KYRGYZ REPUBLIC

of March 27, 2003 No. 66

About investments in the Kyrgyz Republic

Accepted by General Court of Jogorku Kenesh of the Kyrgyz Republic on February 7, 2003

This Law establishes the basic principles of the state investment policy directed to improvement of the investment climate in the republic and stimulation of attraction of domestic and foreign investments by means of provision of fair, equal legal regime to investors and guarantee of protection of the investments into economy of the Kyrgyz Republic involved with them.

Chapter 1. General provisions

Article 1. The basic concepts used in this Law

1. Investments are material and non-material investments of all asset types which are in property or controlled directly or indirectly by the investor in objects of economic activity for the purpose of profit earning and (or) achievement of other useful effect in type:

- money;

- personal and real estate;

- property rights (mortgage, property right to retain, pledge and others);

- shares and other forms of participation in the legal entity;

- bonds and other debt obligations;

- the non-property rights (including the intellectual property right, including goodwill, copyright, patents, trademarks, industrial designs, engineering procedures, trade names and know-how);

- any right to implementation of the activities based on the license or in other form provided by state bodies of the Kyrgyz Republic;

- the concessions based on the legislation of the Kyrgyz Republic including concessions on search, development, production or operation of natural resources of the Kyrgyz Republic;

- profits or income gained from investments and reinvested in the territory of the Kyrgyz Republic;

- other forms of investment which are not prohibited by the legislation of the Kyrgyz Republic.

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