Kyrgyzstan to Simplify Registration Procedures for Foreign Investors

Jan 22, 2009

Kyrgyzstan will simplify registration procedures for foreign investors, especially those who will make investments into agrarian sector of the country, while the Government of Korea is ready to extend loans at preferential terms and grants to Kyrgyzstan for development of the country's economy. This information came from the meeting of Prime Minister Igor Chudinov with Korean Ambassador Kim Beng Ho, reported prime minister's press office.

"We are interested in more direct investments from South Korea and are doing all possible to create utmost favorable conditions for this," said Igor Chudiov. The registration procedures will be simplified for foreign investors, especially those who will invest capital into agrarian sector. "It is very important issue for us, as coming of an investor into agriculture is introduction of advanced agrarian technologies," he said.

The Government of Korea is ready to extend loans at preferential terms and grants to Kyrgyzstan for development of its economy. The Korean Ambassador also said that Korea considers increase of a quote level for migrant workers from Kyrgyzstan.