The
Decree No. 23
of
the Provisional Government of the Kyrgyz Republic
on
Protection of Investments
To
ensure the Rule of Law, protect the citizens right to the freedom
of economic activity, protect business and investments, improve
the investment climate in the Republic and promote domestic and
foreign investments by way of providing a fair and equitable legal
regime for the investors and securing all investments made into
the economy of the Kyrgyz Republic, based on the Decree of the Provisional
Government No.1 as April 7, 2010, the Provisional Government has
adopted this Decree No.23 as 26 April, 2010:
1. The
Provisional Government of the Kyrgyz Republic guarantees the Rule
of Law within the territory of the Kyrgyz Republic.
2. Economic and business activities in the Kyrgyz Republic shall
be implemented in accordance with the Constitution and laws of the
Kyrgyz Republic and entered into force international agreements
and treaties of which the Kyrgyz Republic is the participant.
3. Pursuant to the Kyrgyz Law gOn investments in the Kyrgyz Republich,
foreign and domestic investors shall be guaranteed a fair, equitable
legal regime, including guarantees for protection of their investments
in the economy of the Kyrgyz Republic.
4. Foreign citizens staying in the Kyrgyz Republic on legal grounds
shall be guaranteed the freedom of movement within the country.
5. The Provisional Government of the Kyrgyz Republic shall procure
the performance of all obligation previously assumed by the Kyrgyz
Republic within the framework of international agreements and treaties.
6. The Ministry of Interior Affairs of the Kyrgyz Republic, local
state administrations and local self-government agencies shall take
all appropriate measures to ensure the implementation of this Decree.
7. Any official and other persons who impeding the attraction of
investments, taking measures for illegal seizure of state, municipal,
private, public and any other property, including the interference
in the business activity and employment issues of companies or organization
and employment issue of companies and organizations, or assisting
other persons in such action (Raider activity) shall be subject
to criminal and civil penalties.
8. The Ministry of Foreign Affairs and the Ministry of Economic
Regulation shall be informed the international community and business
enterprises of this Decree.
9. This Decree shall come into force upon signing.
The
Chair of the Provisional Government
of the Kyrgyz Republic R.Otunbaeva
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