Foreign legal entities, including foreign-owned firms established in KZ with foreign shareholding in excess of 20%, cannot own residential land plots. Complementary information available at the Investment Promotion and Protection Agency of the Kyrgyz Republic website suggests that foreign persons may acquire buildings and structures as long as they refer to non-residential assets (see below). The housing code establishes that "Citizens, as well as legal entities, have the right to have private property in residential premises [...] [google translate]". Legal entities are not defined in the legislation. For the purposes of the OECD FDIRRI, it is assumed that foreign persons as defined in the Land Code are not allowed to own residential land plots and any residential structure and buildings attached to it. They may only acquire leasehold rights over residential assets. Foreign investors are not restricted from acquiring non-residential buildings and structures.
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Complementary information available at the Investment Promotion and Protection Agency of the Kyrgyz Republic website > Investor's guide> real estate section:
"Restrictions on Foreign Ownership of Immovable Property
There are no restrictions in Kyrgyz legislation on the right of foreign persons to acquire buildings and structures as long as they refer to non-residential assets.
Foreign persons may not own recreation, infrastructure or tourism assets, but they may use such assets for a maximum of 49 years subject to permission of the Kyrgyz Government and consent of Kyrgyz Parliament."
"SECTION I - BASIC PROVISIONS
Chapter One - General Provisions
Article 1. Definitions Used in This Code
The following concepts apply in this Code: [...]
11) foreign legal entity - a legal entity that has one of the following characteristics:
a) created and registered in accordance with the legislation of a foreign state;
b) belongs wholly to one or more foreign individuals or legal entities;
c) is controlled or managed by one or more foreign individuals or legal entities through: a written contract, the right to sell the majority of voting shares, the right to appoint a majority of the members of the executive or supervisory body;
d) is registered in the Kyrgyz Republic and has at least twenty percent of the authorized capital owned by foreign citizens, stateless persons or legal entities referred to in this paragraph;
e) created on the basis of an interstate agreement or agreement; [...]
18) transfer of a land plot in the manner of universal succession - the occurrence of a right of ownership or the right to use a land plot upon inheritance or upon reorganization of a legal entity;
[...]
Section 5. Right to a Land Plot of Foreign Persons
1. The granting and transfer of ownership of agricultural land to foreign persons is not allowed, unless otherwise provided by this article.
The transfer to an alien of a land plot of agricultural purpose in the manner of universal succession entails the consequences provided for in paragraphs 2, 3 of Article 37 of this Code.
2. Land plots within the boundaries of a settlement (cities, villages, rural settlements) may be provided to foreign persons, foreign legal entities on the rights of fixed-term (temporary) use or may be transferred into ownership in case of mortgage financing of housing construction with the obligation of subsequent alienation of the land plot within two years from the moment of the ownership right in accordance with the Mortgage law of the Kyrgyz Republic.
3. Land plots outside settlements except agricultural land, may be allocated to foreign persons on the rights of fixed-term (temporary) use by the Government of the Kyrgyz Republic. In other cases, lands outside settlements shall be allocated, transferred, assigned to foreign persons in the procedure of universal succession for fixed-term (temporary) use.
3-1. For foreign citizens, stateless persons and foreign legal entities, with the exception of kayrylman, land plots located in the border territories cannot be granted temporary (temporary) use rights.
Land for the use of subsoil is provided to foreign persons for temporary use in the same manner as for subsoil users - citizens of the Kyrgyz Republic.
4. Agricultural lands transferred into ownership by foreign banks and specialized financial and credit institutions upon foreclosure of a land plot shall be alienated by these entities within two years from the moment of the creation of the right of ownership in the manner established by the legislation on pledge. [...]
[...]
Article 7. Term of Utilization of a Land Plot by Land Users
1. The use of a land plot may be termless (without indication of term) or fixed-term (temporary).
2. The fixed-term (temporary) use of the land plot including the use right on the conditions of the lease agreement shall be recognized the use of land limited in term up to 50 years.After this period, by agreement of the parties, the terms of use of the land may be extended.
3. Land plots shall be provided to foreigners  for fixed-term (temporary) use only.
4. Agricultural land from the State Agricultural Land Fund is leased for 5 years, with the exception of land of arable land and occupied by perennial plantings, land for seed, pedigree, experimental farming, research, experimental selection, varietal testing and agricultural cooperatives which are provided for up to 20 years. After the expiration of these terms by agreement of the parties, the terms of use of the land may be extended.
[...]
SECTION II -  RIGHT TO LAND PLOT AS OBJECT OF CIVIL RIGHTS
Chapter Three - The right to a land plot as an object of civil rights and transactions with it [...]
§ 4. Transfer of title to a land plot in the manner of universal succession
Article 37. Transfer of the right to a land plot in the manner of universal succession
1. The right to a land plot may freely transfer from one natural and legal person to another in the manner of universal succession (inheritance, reorganization) in accordance with the civil legislation of the Kyrgyz Republic.
2. If the heir to the agricultural land is a foreign person, it is obliged within one year from the moment the right to the land plot arises to alienate it to a citizen of the Kyrgyz Republic.
3. In the event that the alien did not alienate the right to a land plot that was inherited within the time periods specified in clause 2 of this article, the alienation is carried out in the manner prescribed by article 283 of the Civil Code of the Kyrgyz Republic. [...]" (Land Code of the Kyrgyz Republic of June 2, 1999 No. 45 [google translated])
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"Section I - General Provisions
Section II - Ownership and other rights to housing
Chapter 3 - Ownership of residential premises [...]
Article 15. Ownership of residential premises
1. Citizens, as well as legal entities, have the right to have private property in residential premises. The number of premises owned by citizens and legal entities is not limited. 
[...]
Article 26. The right to use residential premises
1. The right of temporary use, including under lease terms for residential premises, may be exercised by citizens of the Kyrgyz Republic, foreign citizens, stateless persons, legal entities, foreign legal entities, state bodies and local governments. [...]" (Housing Code of the Kyrgyz Republic dated July 9, 2013 No. 117 [google translated])
Land Code of the Kyrgyz Republic of June 2, 1999 No. 45 [google translated]
Housing Code of the Kyrgyz Republic dated July 9, 2013 No. 117 [google translated]
[<a href="http://cbd.minjust.gov.kg/act/view/ru-ru/8/510?cl=ru-ru&mode=tekst">Code</a>],[<a href="http://cbd.minjust.gov.kg/act/view/ru-ru/203926/30?cl=ky-kg#%D1%8013">Code</a>],[<a href="https://invest.gov.kg/investors-guide/real-estate/">Other</a>]