Company formation in Kazakhstan is gaining weightage as it is emerging as one of the strongest economies of the CIS. Its metal reserves, oil and minerals make it one of the largest economies in Central Asia. Such economic activities have left foreign investors spoilt for choice who are flocking to this Central Asian country looking for opportunities. Like most of its Soviet Republic counterparts, it still on the development phase when it comes to maintaining an effective and transparent business culture.
It is one of the fastest growing economies in the world
It offers an affordable cost of living and doing business
It has easy access to the huge Russian and Chinese markets
It has excellent trade relations with France, Italy and Netherlands
It has a promising energy sector contributed to its growing economy
It is witnessing an increase in Foreign Direct Investment
It is known for its diverse natural resources.
It is counted as one of the leading exporters of uranium and hydrocarbon
REQUIREMENT TO OPEN A COMPANY
Minimum 1 Shareholder (any nationality)
Minimum capital requirement for a small entity is USD 1 and for large companies is KZT 226900
Minimum 1 Director (any nationality but work permit is mandatory)
Registered office address
Memorandum and Articles of Association
A notification of commencement of entrepreneurial activity
Copies of ID of Shareholders/Members and Directors
Power of Attorney (if applicable)
Checking for name availability and reserving the same
State registration of the entity
Preparing and notarizing the documents
Opening of a Bank Account
Services for registered address
It takes approximately 1 month for company registration in Kazakhstan.