Intelligent Solution Group > Services > Current account in Kyrgyzstan for a company

Current account in Kyrgyzstan for a company

Opening a bank account in Kyrgyzstan resolves the difficulties associated with money transfers from European and American jurisdictions to CIS countries and/or vice versa.

Price: € 2 600.

A current account can be opened in Kyrgyzstan within 2–3 weeks.

Advantages

supports all currencies (USD, EUR);

issuance of a VISA Infinite card;

processing international payments via the SWIFT system;

currency conversion transactions in online banking.

remote account opening (by power of attorney);

Currency conversion is carried out at a favourable exchange rate;

Requirements

1

Transparency of the company’s ownership structure, including information on the ultimate beneficial owners.
2

Proof of the authority of the person opening the account on behalf of the legal entity (director, founder or authorised representative).
3

The official registered and actual business address.

4

The company’s financial statements, confirming the legitimacy and stability of its operations.
5

The existence of the company’s founding documents and certificate of incorporation.
6

The company’s registration in accordance with the country’s legislation.

Please leave your contact details. One of our specialists will contact you within 30 minutes to discuss your enquiry.

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Steps for opening a current account in Kyrgyzstan

We review your business operations, counterparties and transactions.

We can help you fill in the customer form.

We compile, prepare and submit the documentation to the bank for pre-approval.

We are submitting the documents to the bank for verification and awaiting a response from a bank representative.

We open a corporate account either with the company director acting in person or by power of attorney.

Once the account has been opened, we open a personal account for the company owner if necessary.

We will post the plastic card to your home address.

We provide support for the transaction process – on request.

Additional services

charged separately

proof of the source of funds;
financial statements;
opening a private account in Kyrgyzstan;
unfreezing funds from frozen accounts;
setting up online banking;
making payments;
undergoing compliance checks.

Is it possible to open a current account in Kyrgyzstan for a company registered in another country?

Yes, we offer services for opening current accounts in Kyrgyzstan for foreign companies, including non-residents. The main requirement is that the company must be officially registered and have a transparent ownership structure. We handle the entire process remotely and assist with preparing the necessary documentation.

What fees and additional charges may apply when maintaining a current account in Kyrgyzstan?

Fees depend on the specific bank and the chosen tariff plan, but generally include charges for account maintenance, international transfers and currency conversions. We help you select the best bank and tariff plan, taking into account the specifics of your business, to minimise costs.

What documents are required to open an account by power of attorney, and how complicated is the process of drawing up a power of attorney?

To open an account by power of attorney, you will need a notarised document confirming the authorised representative’s authority to act on behalf of the company. We assist in preparing and drawing up the power of attorney in accordance with the requirements of Kyrgyz banks, which significantly simplifies and speeds up the account opening process without your personal presence.

Is the company director’s personal presence required to open a current account in Kyrgyzstan, if the procedure can be carried out remotely?

The director’s personal presence is not always required — an account can be opened remotely via a power of attorney, which significantly simplifies the process for foreign companies. However, in some cases, the bank may request personal attendance, and we will inform you of this in advance and organise all the necessary procedures.

What fees and additional costs are associated with maintaining a current account and issuing a VISA Infinite card?

The standard fee for account maintenance and card issuance depends on the specific bank and tariff plan. Usually, the monthly account maintenance fee is minimal, whilst a separate fee is charged for the issuance and annual maintenance of a VISA Infinite card. We will help you choose the most favourable terms and provide you with detailed information on the tariffs.

Is it possible to open a current account in Kyrgyzstan for a company registered outside the CIS, and are there any country restrictions?

Foreign companies, including those outside the CIS, can open an account. However, the bank checks the origin of the business and the sources of funds, as well as compliance with international KYC and AML standards. We will help you prepare the documents and pass all checks to minimise the risk of rejection.

Cases:

CASE: How to recover frozen $600,000

The client faced a problem with frozen funds in the account of his international company. The bank where the account was held was in the process of liquidation and froze all funds while starting an audit of its clients.

CASE: Forgotten $400,000

Our client decided to completely liquidate his company, established about 10 years ago in Latvia. During the liquidation process and communication with the bank, we discovered that the client had $400,000 in the account for several years — money everyone had forgotten about.