Why Kyrgyzstan?
Advantages
- Well-developed and understandable regulation in the field of crypto assets. The regulation and licensing of the activities of providers of virtual asset services has been established - it gives an idea of the licensing process, but is not excessive.
- Strategic location in the Central Asian and CIS region. The jurisdiction is optimal for entering the markets of this part of the world.
- Positive licensing practice. Many companies have received a license. As of the beginning of 2025, 144 crypto exchanges and 13 crypto exchanges are registered in Kyrgyzstan.
- Special regulation for mining, issuance and decentralized services. There is registration for miners and issuance of virtual assets. There is regulation for decentralized crypto exchanges.
- Licensing time. The average time to obtain a license is 3-5 months, which is average compared to other jurisdictions. Depending on the specifics of the business, it is possible to obtain a license in an accelerated manner in some cases.
Restrictions
- Requirements for using servers in the territory of Kyrgyzstan. Providers of virtual asset services must have a platform with servers in Kyrgyzstan.
- Requirements for the presence of local directors. At least 1/3 of the board of directors and the general director must be a resident of Kyrgyzstan.
- There is no special regulation for DAO. For some, the absence of strict rules can be an advantage, but for those who value transparency and clear regulatory frameworks, uncertainty can be a serious obstacle.
Who is Kyrgyzstan suitable for
- Token issuers, including stablecoins.
- Crypto exchanges and exchanges.
- P2P platforms.
- Crypto wallets and depositories.
- Mining companies.
Cost
The level of expenses for legalization in the jurisdiction is average
- State fee for company creation: USD 13.
- Authorized capital: varies depending on the type of license from USD 470,000 to USD 1,2 million.
- State fee for consideration of an application for a license: USD 12.
- Annual state fee for a license: not provided.
Main stages of legalization
Company registration in Kyrgyzstan
- Filling out the registration form with key information and preparing data for registration.
- Preliminary check of the name.
- Preparation of the founding documents.
- Registration in the state register of companies and tax accounting.
Crypto licensing in Kyrgyzstan
- Preparation of the main package of documentation (including a business plan) and submission of an application for the issuance of a crypto license.
- Consideration of the application by the regulator.
- Payment of the initial state fee for consideration of the application.
- Final approval.