On the 12. June 2014 took the President of the Republic of Kazakhstan Nursultan Nazarbayev at the 27. Plenary session of the Foreign Investor Council in Astana, announcing the following measures to improve and improve the investment climate in Kazakhstan.
Gesetzgebung
Adoption of the law on the introduction of amendments and additions to certain acts to improve the investment climate in Kazakhstan, which will mainly come into force on June 24, 2014 and in full from January 1, 2015. The law provides for the adoption and implementation of comprehensive measures to increase the investment attractiveness of the Republic of Kazakhstan and offers significant tax preferences for investors, state support for investors in the implementation of joint projects in the priority branches of the economy. This also applies to the easing of visas for certain countries in the world.
Tax preferences
The investors in the commodity sector of the economy, in industries "processing industry, innovations, SMEs, tourism and services and others" are exempt from income tax and real estate transfer tax for 10 years and from wealth tax for 8 years.
Investors are guaranteed the stability of legislation in terms of statutory rates and charges, excluding VAT and excise duty.
The State will reimburse foreign investors for up to 30% of the capital expenditures they have made in the commissioning of industrial properties in Kazakhstan as investment grants.
Order and labor market security
Investors active in the priority sectors of industry are guaranteed the decrease of production by the conclusion of secured purchase contracts.
Investors working in the priority sectors of industry will be provided with the possibility of hiring and recruiting for the entire period of implementation of the investment project, as well as for a further year after the start-up of the production, without corresponding employment quotas and permits.
The permission system and the request processing are facilitated by the principle "one shop", so that all open questions of the investor are solved by a window and thus unnecessary bureaucracy is reduced.
Liberalization of the visa regime
The Republic of Kazakhstan has unilaterally lifted the visa regime for the citizens of the ten states (USA, Great Britain, Germany, France, Italy, the Netherlands, Malaysia, UAE, South Korea and Japan) who are actively investing in the economy of the Republic of Kazakhstan. In this context, citizens of the above countries can stay in Kazakhstan from July 15, 2014 to July 15, 2015 without a visa for up to 15 days.
If there is a justified need for investors and business people from the above-mentioned countries to stay in the Republic of Kazakhstan for more than 15 days, they can apply for a visa of the “business visa” category at the interior authorities of the Republic of Kazakhstan (migration police), which extends up to 30 days can be. If the investors stay in the Republic of Kazakhstan for a longer period of time, they can apply for a visa of the category “Investment Visa” valid for up to 3 years at the Ministry of Foreign Affairs of the Republic of Kazakhstan.
This is a special step towards further effective cooperation with countries that are investing in Kazakhstan, as well as facilitating favorable conditions for international travel ahead of the EXPO-2017 in Astana.
WHO accession
The accession of Kazakhstan to the World Trade Organization (WTO) creates additional favorable conditions for investors by introducing international rules and standards in the area of trade, investment and protection of intellectual property.
Embassy of the Republic of Kazakhstan
June 2014
