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Open a company in Kazakhstan 2023

Kazakhstan: company registration in 2023

27. 12. 2022
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In the list of the main reasons to open a company in Kazakhstan is the rich natural resources. The country is the 6th largest producer of minerals and is considered the largest producer of wolframium. Also among the advantages is the access to the Central Asian market, support of investors, developed infrastructure, low taxes when registering a company in Kazakhstan in 2023 in the territory of Special Economic Zones (SEZ) or the international industrial park Astana Hub.

SEZ and Astana Hub - what are they

Kazakhstan has 13 SEZs, each of which has its own focus - petrochemical, chemical, metallurgical, logistics and others. Companies registered in SEZ enjoy tax and customs privileges for income, land tax, customs duties and rent of premises. It is also possible to hire foreign employees without quotas and immigration restrictions.

SEZs exist in almost all regions of the country, including Astana and Almaty:

  • SEZ "Astana - New City". The purpose of its creation is to attract investment in construction. It produces locomotives, railcars, armored vehicles, furniture, construction materials and equipment.
  • SEZ "Astana - Technopolis" is a zone for innovative companies, which will work on scientific developments of Astana Business Campus, which is part of Nazarbayev University.
  • SEZ "Park of Innovative Technologies" (Almaty) was created for the development of information and communication technologies, renewable energy with a focus on industry.

Registration on the territory of Astana Hub International Technopark, which is the largest one in the Central Asia, would be suitable for IT-companies. Various benefits are available here, including exemption from profit tax.

Business registration forms

Before registering a business in Kazakhstan, you must first determine the form of a legal entity. The most common options for foreigners:

  • Limited Liability Partnership - can engage in various forms of business activities. LLP can be established by both individuals and legal entities.
  • Representative office - only represents the interests of the parent company, but cannot work with its own projects without approval of the headquarters.
  • Branch - can carry out the same activities as the parent company, as well as have their own income. However, a branch is not a separate legal entity, and the parent bears full financial and legal responsibility for its activities.

How to open an LLP in Kazakhstan

If you are planning to register a business from scratch, we recommend opening an LLP. Among the advantages are absence of requirements for directors and shareholders, the authorized capital starts from €550.

An application for business registration must be submitted to the Ministry of Justice. It must be accompanied by the following documents:

  • a certificate of the name of the organization;
  • documents of owners, shareholders, general director;
  • paper confirming the address of the owner of the business;
  • the Charter, the Memorandum of Association;
  • a document about the lease of the office;
  • certificate of registration with the tax office;
  • license - if necessary.

Business is registered in 20 working days, if all documents are executed correctly. This period includes the opening of a bank account.

How to open a business quickly

To open a company in Kazakhstan 2023 contact IT-OFFSHORE experts.

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