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Key benefits of doing business in this jurisdiction:
A cost of registering a business is from €1900
A company registration period is from 7 daysDetailed information
If you are interested in starting a business from scratch or are looking for a profitable project for investment, then registering a company in Kazakhstan, as well as registering an account with a Kazakhstan bank, will be a promising idea in 2020. In this article, we will talk in detail about how and who should open a business in the Republic of Kazakhstan.
Kazakhstan is an independent European state, located in the central part of the Eurasia continent, washed by the Aral and Caspian Seas. The Republic of Kazakhstan is in 9th place among the largest countries in the world, and, also, according to research by Global Finance magazine in 2019, takes the 1st place in terms of security among the CIS countries.
The nearest neighboring countries are: Kyrgyzstan, Uzbekistan, Turkmenistan, Russia, China, Mongolia. Key sectors of the state economy: the engineering, a metallurgy, an extraction and the export of natural resources, a chemical industry, a light industry, an agriculture, a tourism. The capital of the state is Nur Sultan. The largest cities are: Taraz, Aktobe, Alma-Ata, Karaganda, Pavlodar. Official languages are Kazakh, Russian. The state currency is Kazakhstan tenge (KZT).
Kazakhstan is a member of the EAEU, UN (UNESCO, IMF and others), SCO, OSCE, OIC and other world organizations.
According to the annual research of the popular financial magazine Doing Business, Kazakhstan occupies the following positions in the ranking of favorable business conduct:
If you are going to open a company in Kazakhstan or want to buy a ready-made company in Kazakhstan, then the following business advantages await you:
Those, who wish to register a company in Kazakhstan and to open a corporate account in Kazakhstan in 2020, we recommend you to study carefully the list of the following priority business areas: a construction, real estate, services, a food processing, IT, a gambling.
Setting up an enterprise in Kazakhstan will not require much time, as well as filling in a huge amount of documents. Turning to our specialists, you can start a business from scratch within 14 days or buy a ready-made company in Kazakhstan with an account. In the Republic of Kazakhstan, you can open the following types of companies:
If you want to open a company in Kazakhstan remotely, we recommend you to give preference to such a form of business as a LP. This form is very popular among foreign businessmen due to minimum requirements for registration, simplicity and ease of management, as well as a loyal tax regime.
If you want to establish a Kazakhstan company and to open an account for a company with a bank of Kazakhstan, then, first of all, you will need to fulfill all the following requirements of the local Regulator:
Those, who want to register a company in Kazakhstan remotely, will need to provide the following documents:
One of the prerequisites for registering a business in a jurisdiction is to open an account with a Kazakhstan bank. We present to your attention a list of the following, most prestigious and trustworthy banks in the country:
If you want to open a Kazakhstan company or you are interested in buying a ready-made firm in Kazakhstan, then you will need to familiarize yourself with the specifics of the taxation of this state.
Resident companies are taxed on profits, earned outside Kazakhstan, while non-resident companies, operating through a permanent establishment in Kazakhstan, are taxed on profits, earned in the country.
If you are going to register a company in Kazakhstan remotely, then you, also, have the opportunity to take advantage of the existing free economic zones.
Enterprises, registered in free trade zones, such as: Astana - New Town, Aktau Seaport, Pavlodar, Khorgor - Vostochnye Vorota and 7 additional free economic zones, are exempted from corporate taxes or enjoy special tax benefits.
To open a commercial firm in Kazakhstan quickly, easily and as successfully as possible - seek a help from trusted IQ Decision specialists. Our staff will provide you with a full range of legal services, in particular: they will conduct a detailed consultation regarding the business environment of the chosen jurisdiction, assist in opening an account with a bank in Kazakhstan, help you to register an office in the country, and also accompany in the process of completing all necessary documents.
The information outlined in the article is actual at the time of its publication.
Please refer to our specialists for checking possible solutions for your business.
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