Kyrgyzstan Proposes 200,000-Som Fee for Foreign Companies Opening Bank Accounts

Kyrgyzstan's Ministry of Economy and Commerce has published a draft resolution for public discussion that sets out a transparent procedure for the fee non-resident companies must pay to open and maintain accounts in Kyrgyz banks.

Under the draft, non-resident legal entities would pay 200,000 soms for accreditation. The GU Center for Export Development and Promotion Kyrgyz Export, under the ministry, would accept and review applications, check documents, keep a register of accredited foreign companies, and coordinate with the National Bank, commercial banks and state bodies. The fee was added to the Code on Non-Tax Revenues in August 2026 under Article 51, but the payment process, proof of payment and steps for applicants had not been detailed.

The authors say interest from foreign legal entities in opening accounts at Kyrgyz commercial banks is steadily rising, linked to foreign trade ties, investment and Bishkek's aim to strengthen its position as a regional financial and trade hub. The resolution is meant to ensure uniform application of the law, greater transparency and predictability, and clearer conditions for foreign companies, while meeting anti-money laundering and counter-terrorist financing requirements and reducing sanctions and compliance risks.