All legal entities in Kyrgyzstan are required to provide the government with information about their ultimate beneficial owners by August 1. This requirement is linked to the increasing fight against money laundering and the financing of terrorism, as well as the need to align the country’s legislation with international standards.
Why does the government need information about beneficiaries?
The owner of a company and the person who actually controls the business may be different individuals. The new rules will help government agencies determine who exactly is the ultimate owner of a legal entity.
According to Elchibek Bekboev, head of the Notary, Legal Registration, and Apostille Department of the Ministry of Justice, such practices are already widely used in other countries and are part of international requirements to combat the legalization of criminal proceeds.
“According to the Cabinet of Ministers’ resolution No. 257, all legal entities must submit information about their beneficial owners by August 1. The notification should be submitted to the territorial division of the Ministry of Justice in the established form, along with a copy of the beneficial owner’s passport. If the beneficiary is a foreigner, a notarized translation of their passport is also required,” noted Bekboev.
Who is required to provide information?
This requirement applies to all registered legal entities in Kyrgyzstan.
What needs to be prepared for submission?
To submit the information, a completed form and a notification about the beneficial owner will be needed.
Where to submit the documents?
All documents must be submitted to the territorial division of the Ministry of Justice responsible for the registration of legal entities. After the notification is submitted, the information will be entered into the state register.
Where to submit
Documents go to the territorial branch of the Ministry of Justice responsible for registering legal entities:
Chui-Bishkek Justice Department Bishkek, 25 Gorky St.
Osh Justice Department Osh, 9/2 Isanova St.
Jalal-Abad Region Justice Department Manas, 51 Pushkin St.
Issyk-Kul Region Justice Department Karakol, 59 Aldashev St.
Talas Region Justice Department Talas, 298 J. Tagaybaev St.
Naryn Region Justice Department Naryn, 5 Jamgyrchy uulu Abas St.
Batken Region Justice Department Batken, 1 March 8 St.
What information needs to be indicated in the form?
The form requires the following information:
- Full name, date of birth, and citizenship of the beneficiary;
- Residential addresses;
- Details of the identity document;
- Information on whether the person is a public official;
- Basis for recognition as a beneficial owner (direct, indirect ownership, or control in another way);
- Size of the shareholding;
- Information about the ownership structure, if it includes intermediate companies or individuals.
Form for information about the beneficial owner of a legal entity
What are the consequences for failing to provide information?
The Ministry of Justice reminded that there are penalties for violating the requirements of the legislation.
Department representatives noted that for failing to provide or providing false information, a legal entity may be excluded from the register as non-functioning, in accordance with the law, in addition to administrative liability.
Kyrgyzstan Suspends All Business Inspections until the End of 2026
