Some legislative restrictions for foreign (non-governmental) legal entities in the Republic of Kazakhstan
Since gaining independence, one of the priorities of the state policy of the Republic of Kazakhstan is to maintain a favorable investment climate and further promotion of foreign direct investments in the country.
In November 2014 came into force the Law “On permits and notifications” (hereinafter – the Law), which is addressed to the most effective way of consumer right protection by the reasonably required burden on entrepreneur.
The Majilis Parliament of the Republic of Kazakhstan has recently
discussed an issue of restricting the activities of foreign law firms in
Kazakhstan at the round table meeting dedicated to the issues of the
legal services regulation. The material can be accessed through the
As is known this summer dramatical changes were made into the laws on investments in frames of increase of investment attractiveness of the state.
One of key changes for attraction of investors is so called investment subsidies, which imply compensation of 30% of factual expenditures associated with construction and purchase of equipment within the project.
Positions of the Republic of Kazakhstan in “Doing Business” WBG: on the ease of enterprises registration and the registration of property rights
International rating “Doing Business” measures and tracks changes in the
regulation of areas in the life cycle of business, in particular the
registration of enterprises and registration of property rights.
By virtue of decree of Government of the Republic of Kazakhstan of 14 August 2014 “On departments of central executive agencies of the Republic of Kazakhstan”, 5 ministries of 17 and all 9 agencies have been abolished., the latter will merge with the ministries as committees Thus, the government consists of 12 ministries now and 30 committees. The following committees were established in the following ministries.