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.
List of proposed names
For Individual Shareholders: Copy of passport and identification documents, Power of Attorney.
For Corporate Shareholders: Copy of Certificate of Incorporation, AoA, MoA, Letter from Tax Authorities with Tax Number, Resolution appointing General Manager of Parent company who will sign the Power of Attorney, Copy of passport of General Manager.
For Proposed Directors: Copy of passport and identification documents.
A notification of commencement of entrepreneurial activity.
Name search and name reservation.
Preparing relevant resolutions, incorporation documents, liaising with notary and company setup.
Assisting in obtaining Departmental Approvals.
Registering with Tax Authorities and State Registrations.
Assistance in opening a bank account.
Other Maintenance & Compliance Services:
Providing a registered office address.
Book keeping and Preparation of Financial Statements.
Filing tax and annual returns.
It takes approximately 1 month for company registration in Kazakhstan.