Kyrgyzstan has simplified the process of obtaining a residence permit for foreign citizens who have invested in the economy of the republic, the press service of the country’s government reported.
“At a regular meeting of the Cabinet of Ministers of the Kyrgyz Republic, a decision was approved that simplifies the system for issuing a residence permit to foreign citizens who have invested in the economy of the Kyrgyz Republic. The decision was developed in order to increase the inflow of foreign direct investment and improve the investment attractiveness of the Kyrgyz Republic,” the spokesman said.
According to him, the term for consideration of materials on temporary residence permits for foreign citizens who contributed more than 10 million soms ($120,000) to the economy of Kyrgyzstan is being reduced.
“… A residence permit for a foreign citizen (with the exception of citizens of countries bordering the Kyrgyz Republic), who has invested more than 10 million soms in the economy of the Kyrgyz Republic, will be issued without mandatory residence for at least six months before submitting an application,” the Cabinet noted.