The Kosovo Privatization Agency is established as an independent public body which exercises its functions and responsibilities in a completely independent manner, based on the Law of the Assembly of Kosovo, Law No. 04/L-034 for the amendment and completion of Law No. 05-/L-080 supplemented and amended by Law No. 04/L-115 for the end of the international supervision of the independence of Kosovo as well as the amendment to the law no. 06/L-023.