Kyrgyzstan has proposed a scheme that offers foreigners citizenship in exchange for investments. A draft bill was submitted by the government for public discussion calling for amendments in legislation of Kyrgyzstan, according Kabar
The new bill proposes to enable foreign citizens to acquire citizenship of the Kyrgyz Republic in a simplified manner of one time donation of USD 100,000 to a special account for the accumulation of funds to pay off the external debt of the Kyrgyz Republic.
If this Law is adopted, Kyrgyzstan will become one of the first countries in Central Asia to provide citizenship by investment.
By 2019, Kyrgyzstan had an external debt of $3.85 billion USD (about 54% of GDP). In May 2020, the public debt hit $4 billion. Before Covid, Central Asia’s poorest countries managed Chinese debts quite well but now they are asking for help.
Currently foreign citizens can get citizenship if uninterruptedly lived on the territory of the Kyrgyz Republic for the last five years at the moment of filing the application
Article 22 of the citizenship law allows dual citizenship for nationals of Kyrgyzstan if obtaining the citizenship of another state is not in contradiction with the legislation of the Kyrgyz Republic and the legislation of a foreign state and any further agreements exist (dual citizenship not accepted with border states)
Kyrgyz citizens had visa-free or visa on arrival access to 62 countries and territories,
