Kyrgyzstan restricts foreign investors to temporary use of state land
This digest was compiled by AI from multiple sources — links to the originals are below.
Kyrgyzstan's Cabinet of Ministers amended rules for transferring state land to foreign investors, limiting them to temporary use while citizens and local companies may acquire ownership. The resolution was signed by Prime Minister Adylbek Kasymaliyev on August 24 and takes effect in ten days.
Key Facts
- Prime Minister Adylbek Kasymaliyev signed the resolution on August 24.
- Foreign individuals and legal entities may only receive state land for temporary use, while Kyrgyz citizens and companies can obtain ownership.
- Temporary land use rights will be granted through auctions, with the winner's guarantee deposit credited toward the land payment.
- If a land user fails to remedy violations within 30 calendar days, the balance holder may sue to terminate the contract and reclaim the land.
- The resolution enters into force ten days after its official publication.
Land Transfer Rules
The Cabinet of Ministers amended the procedure for alienating state land plots designated for national investment projects and projects of state significance. Under the new rules, Kyrgyz individuals and legal entities may receive such plots in ownership, while foreign persons may only receive them for temporary use. Temporary land use rights will be granted based on auction results. The winner's guarantee deposit will be counted toward the payment for the land plot.
Contract and Enforcement
After the auction concludes, the balance holder will sign a contract with the winner specifying the payment amount, procedure, and terms. If the buyer or land user fails to eliminate identified violations within 30 calendar days, the balance holder may file a lawsuit. The balance holder may demand termination of the contract, return of the plot to state ownership, and compensation for state losses and lost profits.
1 source
Time · lag behind first