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Register of reliable partners

RELIABLE REGISTER FOR RELIABLE PARTNERS

Reliable recommendations are always important for successful business operations and the expansion of business relationships. Representation in the Register of Reliable Partners—a non-governmental register of Kyrgyz enterprises whose financial state evidences their reliability as a business—is a recommendation for those enterprises. Based on the Kyrgyz Republic Law “On the Chamber of Commerce and Industry of the Kyrgyz Republic”, the Chamber has started working on keeping a non-governmental Register of Reliable Partners.

Keeping of the register is stipulated by need to provide both Kyrgyz and foreign firms with objective information for the selection of partners among Kyrgyz enterprises. Recently Kyrgyzstan has been holding a lot of various competitions and activities for establishing the rating of reliability and stability of enterprises. Participation in such competitions, as a rule, requires significant expenses, and the criteria for the rating of participating organizations keeps a lot of questions open and cannot serve as an accurate basis for the determination of reliability. Keeping a Register of Reliable Partners is both legally confirmed and based on a comprehensive evaluation of the main indicators of financial and economical activity of the enterprises. Reliability assessments of economic entities are held based on an analysis of external accounting statement forms, which means, that we use data which is not a commercial secret of the enterprise.

Similar registers have worked well as civilized regulators of economic relations in countries with a developed market economy. Legal entities performing entrepreneur activities in accordance with legislation and working in the market for not less than three years can apply for inclusion in the Register. In the event of a positive expert opinion, the CCI KR enters the applicant in the Register of Reliable Partners and issues a certificate.

Entering the Register gives the participants the following benefits:

official recognition as a reliable business partner through the issue of a certificate from the CCI KR;
an opportunity to create a positive image of the enterprise;
an opportunity to obtain reliable economical and financial information about potential partners;
an opportunity to honorably represent the enterprise in the international market.

What are the conditions for inclusion of enterprise to the Register?

Legal persons, regardless of their form of ownership and organization legal form of their activity are included in the register. To be included into the Register, it is necessary to work in the market for not less than three years, have fully paid authorized capital and provide full and complete economical and financial information. The enterprise requesting inclusion to the Register of Reliable Partners should not be in the process of reorganization, closing down, or going into bankruptcy. The holder of the Register of Reliable Partners is CCI KR.

Contact telephone: +996 312 613 876, +996 312 611 474.