Kyrgyzstan is a unique ex-USSR country where ownership of, and trading in, physical gold is liberalized to the highest possible mark.
Anyone (residents and non-residents) can buy and hold physical gold. The National Bank of the Kyrgyz Republic encourages individuals to buy gold bars by holding daily sales (the price being 2-3% higher than the last night’s London fix) and by offering to buy back any gold bars originally purchased from the National Bank, at the current market price.
Standard gold bars are also available from several commercial banks holding a precious metal trading license.
There is no VAT on physical gold (unlike Russia).
Export of locally purchased gold bars is possible, provided they are declared at the customs.
Purchases of physical gold are also possible via forward contracts on the local commodities exchange, with the price to be settled by bank transfer (i.e. if a foreign national or entity wants to transfer the price from abroad and collect the gold in the country).
Local financial houses may offer gold-linked investment instruments.
«The peaceful conduct and high voter turnout clearly reaffirmed the Kyrgyz people’s commitment to pursuing the democratic path. We commend the Kyrgyz Republic for its commitment to ensuring a
democratic transition, the electoral officials who laid the foundation for the orderly poll, and the important oversight role played by civil society. The Kyrgyz government and people can be proud of the
successful conduct of these elections.»
US Embassy Statement on 2017 Kyrgyz Presidential Elections
«Kyrgyzstan deserves capital investment»
Francois Hollande, President of France (2012 - 2017)
«Kyrgyzstan has become a trendy place to do business»
Andrew Belianinov, Chairman of Eurasian Development Bank
«We are doing everything so that Kyrgyzstan will become a country of free people, free entrepreneurs. So that any investor, any businessperson feels here like a fish in the water»
Almazbek Atambayev, President of the Kyrgyz Republic (2011-2017)