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A Complete Guide to Incorporate Company in Kazakhstan

Register Company in KazakhstanWhy Should You Incorporate a Company in Kazakhstan?

Kazakhstan is located in Central Asia and is the 9th largest country in the world. According to world bank ease of doing business report, Kazakhstan has been ranked as a 41st country in the world for an easy business doing. It is ranked 50th in the Global Competitiveness Report. This is what makes Kazakhstan an excellent market, and hence investors are taking much interest to incorporate a company in Kazakhstan.

The business culture is very effective, and the strong regulatory environment makes it easy to incorporate a company in Kazakhstan. The government has taken many initiatives in improving the investment procedure so that it can support the growth of manufacturers in the country. Kazakhstan’s geographic location has led to the development of a strong trading relationship with Russia and China. Legislation of Kazakhstan has wholly simplified the process of business registration of all types of business entities including setting up of a branch and representative offices. Kazakhstan’s government has taken the initiative to support SME’s by eliminating fees, lessening the time of registration and by removing the requirements for using a company seal.

Running a business in Kazakhstan is affordable for westerners, and hence they are interested in investing in Kazakhstan. The cost of living is also low in Kazakhstan.

Register Company in KazakhstanHow to Incorporate a Company in Kazakhstan?

The process of incorporating a company in Kazakhstan is very easy, and the procedures of setting up a company in Kazakhstan are:

  1. Choose the right business entity and register the same at e-government website with Public Registration Office
  2. Obtain digital signature along with tax registration.
  3. Notarize all the documents which must be submitted for business registration.
  4. Make the company seal as per the standard norms with the seal maker
  5. Opening a commercial bank account
  6. Registration of VAT
  7. Registration of health and life insurance for all the employees of the company with the insurance company.

You can incorporate a company in Kazakhstan within a few weeks. It would be best if you took care that you have chosen the right business entity which is suitable for your requirements.

The diverse natural resources, oil and metal reserves, and powerhouses are continuing to attract foreign investors thus leading to an increase in Foreign Direct Investment.

Basic Requirements to Incorporate a Company in Kazakhstan

The list of the basic requirements are as follows:

  1. The company must have at least one shareholder of any nationality.
  2. The company must have a minimum of one director and work permit is compulsory.
  3. The minimum capital requirement for small business is USD 1 and for larger companies is KZT 226900
  4. A registered office address
  5. Documents are required such as:
      • Memorandum and Article of Association
      • Copies of directors/investors/shareholders
      • Company Seal
      • Power of Attorney

Please contact us for more details.