Current energy market situation
Generally, foreign companies start up their business in Kazakhstan by opening a representative office or a branch, and subsequently transform it to an LLP or JSC. The choice of a business structure is dictated by the legal regime of a particular entity and specific needs of individual businesses.
According to the Civil Code of the Republic of Kazakhstan, the foreign citizens and the legal entities shall have a right to create the commercial organizations within the territory of Kazakhstan in the following organizational and legal forms:
- joint-stock company;
Avec une superficie de 2,7 millions de km2, le Kazakhstan figure au neuvième rang des plus vastes pays du monde ; sur une population de 17,186 millions d’habitants, une part de 47,2% vit en milieu rural. Le secteur agricole emploie 26,5% de la population active et représente à ce jour une part de 5,5 % du PIB.
FDI in Figures
In a context where global foreign investment increased by 10.9% in 2013, in particular in Europe (+25.2%) and in Latin America (+17.5%), FDI flows to developing economies reached a new high of US$759 billion. However macroeconomic fragility and policy uncertainties are driving investors to caution.
Kazakhstan Income Tax Rates 2014 and Deductions
Kazakhstan Income Tax Rate for Individual Tax Payers
The income tax rate applicable to residents on all types of income except dividend income is 10 percent; dividend income is subject to tax at 5 percent.
What supplies are liable to VAT?
VAT applies to taxable sales of goods and services within Kazakhstan and to imports of goods into Kazakhstan. Contributions to the authorized capital are not regarded as a taxable turnover for VAT purposes.
Taxable supplies of goods include: