The ISO code of Kyrgyzstan is KG according to the ISO 3166 standard. The local name of the country is Kyrgyz Respublikasy. Kyrgyzstan capital city is Bishkek. People in Kyrgyzstan speak the Kyrgyz, and Russian languages. On 5 December 1936, Kyrgyzstan emerged as a sovereign political entity. In the year 12/05/1936, Kyrgyzstan emerged as a sovereign political entity. The largest city in Kyrgyzstan is Bishkek.
Kyrgyzstan is located in the UTC +06:00 time zone, which is also called Kyrgyzstan Time or KGT. The internet country code top-level domain (ccTLD) for Kyrgyzstan is .kg. The International dialing code for Kyrgyzstan is 996. People in Kyrgyzstan drive on the right side of the road. Total land area of Kyrgyzstan is 199,951 km² (approx. 77,201 mi²). Kyrgyzstan is a landlocked country.
Kyrgyzstan is located in Asia. Kyrgyzstan is considered to be a developing nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life.
Currently Kyrgyzstan faces various issues, including water pollution, many people get their water directly from contaminated streams and wells, as a result, water-borne diseases are prevalent, increasing soil salinity from faulty irrigation practices.
Doing business in Kyrgyzstan
We offer various corporate services in Kyrgyzstan jurisdiction. These services can serve both, people coming from Kyrgyzstan and foreigners. If you plan on doing business in Kyrgyzstan you might be interested in contacting us.
To find out about starting your business in Kyrgyzstan click on company formation in Kyrgyzstan.
To find out how to open a bank account in Kyrgyzstan and moreover what type of account Confidus Solutions suggests to create, please click on bank account in Kyrgyzstan.
Choose preferred service below or continue reading to find out more about Kyrgyzstan.
Demographics of Kyrgyzstan
The total population of Kyrgyzstan is 6,132,932 people. In Kyrgyzstan, the population density is 29.5 people per square kilometer (77 per square mile). Because of this statistic, this country is considered to be sparsely populated. The ethnic diversity is rather diverse according to a fractionalization scale which for Kyrgyzstan is 0.6752. Kyrgyzstan has approximately 226960 foreign immigrants. The median age is approximately 25.7 years. In Kyrgyzstan, 21.72 in every 100 people use internet. Kyrgyzstan has a Human Development Index (HDI) of 0.628.
The majority religion of Kyrgyzstan is Islam, Kyrgyzstan is considered to be a developing nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. Click on a link to read more on demographics of Kyrgyzstan.
Culture of Kyrgyzstan
People in Kyrgyzstan speak the Kyrgyz, and Russian languages. According to data on inbound tourists in Kyrgyzstan, 3,076,000 tourists arrive in the country each year. One of the most popular national dishes of Kyrgyzstan is beshbarmak. To read more click on culture of Kyrgyzstan.
Geography of Kyrgyzstan
Kyrgyzstan is considered to be a large nation because of its total area. Its total land area is 199,951 km² (approx. 77,201 mi²). Kyrgyzstan is located in Asia. Its capital city is Bishkek. Kyrgyzstan has 4 neighbouring countries. Its neighbours include People's Republic of China, Kazakhstan, Tajikistan, and Uzbekistan. Total length of land borders of Kyrgyzstan is 4573 kilometers (~1,766 miles).
The highest point of Kyrgyzstan is Jengish Chokusu, with its official height being 7439 m (24,407 ft). Including land mass and EEZ, the total area of Kyrgyzstan is approximately 199,951 km² (~77,201 mi²). The most notable natural resources found in Kyrgyzstan are hydropower, gold, rare earth metals, coal, oil, and natural gas, nepheline, mercury, bismuth, lead, and zinc.To read more click on geography of Kyrgyzstan.
Economy of Kyrgyzstan
The currency of the country is Kyrgyzstani som. The symbol used for this currency is лв, and it is abbreviated as KGS. 7.3% of population in the country are unemployed. The total number of unemployed people in Kyrgyzstan is 447,704. Each year, Kyrgyzstan exports around $1.88 billion and imports roughly $5.08 billion. The Gini Index of the country is 33.4. Kyrgyzstan has a Human Development Index (HDI) of 0.628.The Global Peace Index (GPI) for Kyrgyzstan is 2.249. Kyrgyzstan has a government debt of 21.8% of the country's Gross Domestic Product (GDP), as assessed in 2012. Kyrgyzstan is considered to be a developing nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. Major industries in the country are small machinery, textiles, food processing, cement, shoes, sawn logs, refrigerators, furniture, electric motors, gold, rare earth metals.
The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in Kyrgyzstan is $19,229 billion. Each year, consumers spend around $4,166 million. The ratio of consumer spending to GDP in Kyrgyzstan is 0%, and the ratio of consumer spending to the world consumer market is 0.012. The corporate tax in Kyrgyzstan is set at 10%. Personal income tax ranges from 5% to 10%, depending on your specific situation and income level. VAT in Kyrgyzstan is 12%. In 2013, Kyrgyzstan received 472.9 million USD in foreign aid.In 2014, the foreign aid amounted to 525 USD.To read more click on economy of Kyrgyzstan.
Infrastructure of Kyrgyzstan
Infrastructure quality in Kyrgyzstan is rated to be at 2.05. It indicates a mediocre quality - roads, railroad, ports and other facilities are able to handle somewhat significant traffic, but not enough to ensure smooth transit at all times.
In Kyrgyzstan, 100% of the population has access to electricity. There are 115,573 internet hosts in Kyrgyzstan. Kyrgyzstan has 28 airports nationwide.
The logistics performance index of Kyrgyzstan is 2.21. It indicates a mediocre performance - shipping procedures are relatively unreliable, timeliness and safety of transferred goods are often a problem, although such a system may function relatively well if traffic is no too dense.
Tracking possibilities for shipments are rated at 2.2. It indicates a mediocre performance - the tracking systems provide some degree of information which usually includes the most necessary topics, such as the current location of a shipment, the dates of arrival and departure and the status of a shipment; still, more detailed information about the status and multi-language accessibility options are usually lacking.
The number of road motor vehicles per 1000 inhabitants in Kyrgyzstan is 11. To read more click on infrastructure of Kyrgyzstan.
Politics of Kyrgyzstan
Kyrgyzstan, is a unitary parliamentary republic. With regard to political and civil freedoms, Kyrgyzstan is 2. Citizens in Kyrgyzstan experience partial freedom. While the majority of citizens are able to exercise their free will to a certain extent in Kyrgyzstan, some political engagement may be limited and certain population groups may be excluded from certain freedoms or expressions. The head of the government is Sooronbay Jeenbekov.
According to the World Bank Group, the government effectiveness index of Kyrgyzstan is -0.84. This indicates that the government of Kyrgyzstan is ineffective. Public and civil services are severely handicapped, leading to potential for social and political upheaval.In Kyrgyzstan, the legislative power is vested in a Supreme Council. The Global Peace Index (GPI) for Kyrgyzstan is 2.249. The strength of legal rights index for Kyrgyzstan is 8. Overall, it is considered to be rather adequate - bankruptcy and collateral laws are able to protect the rights of borrowers and lenders at least decently; credit information is msotly sufficient and generally available. In 2013, Kyrgyzstan received 472.9 million USD in foreign aid. In 2014, the foreign aid amounted to 525 USD. Kyrgyzstan is a member of the United Nations (UN). On 2 March 1992, it joined the UN as a full member state. Kyrgyzstan is a member of the World Bank. To read more click on politics of Kyrgyzstan.
Environment of Kyrgyzstan
Kyrgyzstan emits 1.2 metric tons per capita of CO2. 8690 km² of Kyrgyzstan's territory is covered in forests. and forest land comprises 4% of all the land in the country. The number of road motor vehicles per 1000 inhabitants in Kyrgyzstan is 11. To read more click on environment of Kyrgyzstan.
Company formation in Kyrgyzstan
The development of telecommunications and economic globalization has made it possible for interested investors to form companies around the world. With proper research, financial investments, and legal backing, business ventures can safely be established in Kyrgyzstan.
When establishing a company in Kyrgyzstan, an interested investor must do due diligence with regard to legal processes, international regulations, and sufficient investment for success. It is critical to understand cultural, social, and political factors of Kyrgyzstan that will affect the establishment and growth of one's business. Contact us or click on company formation in Kyrgyzstan to read additional information when setting up a business.
Bank account opening in Kyrgyzstan
With the right paperwork and initial outlay, it is possible for a foreign citizen to open a bank account in Kyrgyzstan. This opportunity for international accounts and investments offers several advantages based on economic regulations and tax structures. Interest rates and fees vary depending on your interests.
When considering opening a bank account in Kyrgyzstan, one must enlist the help of international experts to guide them through the process. To find out more about our banking services click on bank account in Kyrgyzstan or contact us.