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Registration of Enterprise in Kazakhstan’



A. Start-up considerations

The main routes to market are:

  • setting up a Joint Venture (JV) with local partner
  • exporting via a local agent or distributor
  • setting up a company

B. Establishing a company

All legal entities, branches and representative offices in Kazakhstan are subject to state registration. You can register using a standard set of documents from the Ministry of Justice.

A business enterprise in Kazakhstan can be operated as:

  • limited liability partnerships which are separate legal entities and subject to taxation.
  • Joint Stock Companies (JSC) where shareholders have limited liability and about USD $500, 000 in capital is needed.
  • a representative office which can only conduct activities such as marketing and advertising.
  • a branch which can carry out commercial activity, but is not a separate legal entity.

Representative offices and branches must also be registered with the relevant regional department of the Ministry of Justice.

A newly registered representative office or branch must comply with certain formalities, including:

  • registration for Value Added Tax (VAT)
  • obtaining a seal (official stamp of the entity)
  • opening a bank account

 

Kazakhstan - Business

In 2013, Kazakhstan ranked in 25th place in the world for ease of starting a business. It is a relatively straightforward process, taking on average 19 days and six procedures. However, there are still are few tricky steps to get your head around when you start out.

 

Initial things to consider

First things first, it’s important to have good knowledge of the country and city you plan to start your business in. It’s a good idea to undertake a lot of research before you arrive about the business sector you plan to operate in and put together a viable business plan that includes a study of the market conditions, competition and forecast results.

Financial support

It’s fairly difficult for new expats to get support from financial institutions in Kazakhstan, so you will probably need to find investment on your own or through your bank at home. A credible business plan will help attract support from local investors however, and increase your chances of getting the go ahead.

Property

When you’ve found a place for your business’ headquarters, you will need to register the property. To do this you will need to obtain a technical passport of the property and register the name at the Registration Service Committee, which takes over 30 days.

It’s recommended to rent or buy somewhere rather than build something from scratch, as obtaining a construction permit takes 189 days and 32 procedures. Getting electricity for a new building is also a long and complicated process, involving going through several boards and procedures and taking around 88 days on average.

Tax

All businesses operating in Kazakhstan are required to pay taxes seven times a year, which is a fairly lengthy process, taking an average of 188 hours to file. Businesses in Kazakhstan are taxed up to 30%, depending on how they operate.

Registering the business

In order to set up a business in Kazakhstan, you first need to establish a legal entity or obtain the status of ‘an individual entrepreneur’. All legal entities who primarily deal in profit making can be established as a state enterprise, a business partnership (including general partnerships and limited liability partnerships), a production cooperative or a joint stock company. Most private businesses in Kazakhstan are set up as joint stock companies or limited liability partnerships.

 

If the appointed CEO or General Director of the company is an expat, it is required that a work permit should be obtained for that citizen once the business has been established.

There are some differences between the state registration procedure for small and large businesses. The legislative body which establishes businesses has made the process simpler for smaller businesses and simplified the means for state registration.

 


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