The seller obtains the Extract from the Gosregister (Land Registry)
Agency: State Registration Service under the Government of the Kyrgyz Republic
The buyer requests the seller to provide them with the Registration Certificate evidencing their rights to the property. This Certificate indicates the owner of the property and provides information on the existence or absence of encumbrances over the property.
The documentation shall include:
- Application (in the established form);
- Identification documents.
Time and cost: Less than one day (online), KGS 152 (online fees)
A public notary or a lawyer prepares the sale-purchase agreement
Agency: Public Notary or lawyer
The Law of the Kyrgyz Republic on Amendments to the Civil Code of the Kyrgyz Republic #104 of 30.03.2009 introduced voluntary notary certification of property disposal (sale and acquisition) contract. Previously, it was mandatory to notarize the sale-purchase agreement with a public notary. Now, parties have a choice to have notaries register such contracts or make a transaction and register it directly with the State Register.
According to the Resolution of the Government of the Kyrgyz Republic #44 dated 20 January 2012 a state duty for verification of transactions on alienation of immovable property is set in the amount of 5,000 KGS. The cost for notarization of documents depends on the form of a notary public. In case of state notaries, the cost is 10 KGS per one document, in case of private notaries, the cost may vary from 50 to 70 KGS per one document.
The parties must also notarize copies of their respective charters and/or foundation agreements and corporate registration certificates (to be later presented to the registrar).
If the agreement is notarized, the parties will be required to submit copies of the parties’ respective charters and foundation agreements, corporate registration certificates, resolutions of the management bodies on the purchase/sale of the property, powers of attorney, a certificate evidencing the balance sheet value of the property, and certain other corporate documents. The seller shall also present the registration certificate evidencing the seller’s title to the property
Time and cost: 1 day, KGS 5,350 (KGS 5,000 fixed fee (state duty) + KGS 300-500 (notarization, depending on the notary))
The buyer applies to Gosregister for registration of the title transfer
Agency: State Registration Service under the Government of the Kyrgyz Republic
- The buyer goes to the local office of Gosregister and presents all the required documents.
- The buyer (the seller may pay it upon agreement between the parties) pays the registration fee at the same office and presents to the registrar the receipt evidencing the payment and a formal application for the registration of the title transfer.
- The notarized sale purchase agreement is presented to the local office of Gosregister no later than 30 days from the moment of its signing (otherwise a penalty fee is charged).
The Gosregister issues the receipt about the acceptance of the documents for the registration and conduct the registration within 2 days or 1 day. The buyer receives his own copy of the agreement where the Registry certified the registration, as well as the technical documents (technical passport and state act on land property right) where Registry made correspondent alterations. In case when buyer and seller chose to register transaction without notary certification, directly at the State Register, the Procedures 1 and 2 are not needed.
The documentation shall include:
- Application (in the established form);
- State act on land property right;
- Technical original passport;
- The signed and notarized sale and purchase agreement (Obtained in Procedure 2);
- Powers of attorney (if needed), notarized copies of the buyer charter and/or foundation agreement, corporate registration certificate, resolution of the management body on the purchase of the property.
Time and cost: 2 days, KGS 1,040 (KGS 1040 for legal entities, when transaction has been notarized by notary public. KGS 3150 if not notarized)
