Company registration in Kazakhstan

Kazakhstan is a reasonably popular jurisdiction for registering companies. It is especially in demand among businesses that intend to work with the countries of Central Asia, the Caucasus, and China. This country has a favorable geographical location, well-developed logistics routes, and infrastructure. The capital, Astana, is a significant regional business and financial center, so company registration is popular here.
Nonetheless, before registering a business in Kazakhstan, it is necessary to know the peculiarities of local legislation. Ignorance of legal intricacies often leads to refusals, because of which businesses lose time. Legal company Lawtter Solutions offers its clients company registration services in Kazakhstan. We carry out the procedure as fast as possible.

Cost of service

1 100 EUR*

Time required for registration

5-7 days

Income tax

20%

Type of company registration

Without personal visit

*The costs are for informational purposes only. Contact the lawyers at Lawtter Solutions to find out what services are included in the incorporation cost.

Benefits

Advantages of Company Registration in Kazakhstan

Opening a business in Kazakhstan offers several significant advantages. You can familiarize yourself with the benefits below.

1

Advantageous Geographical Position

Kazakhstan is a large country located at the crossroads of transport routes. It borders numerous countries in Central Asia, across the Caspian Sea, with the countries of the Caucasus, and has a direct land border with China. This makes it convenient to do business in the region.
2

Developed Transport Infrastructure

Kazakhstan has a developed infrastructure. It has an extensive network of railway tracks, pipelines, ports in the Caspian Sea, and large airports, all of which significantly expand logistical possibilities.
3

Special Economic Zones

Special economic zones allow you to open a company in Kazakhstan and conduct business profitably. There are 14 of them in total. In addition, the Astana International Financial Center (AIFC) was launched here, which became the region's financial center. Membership in Astana Hub (an international technology park for IT startups in Kazakhstan) exempts non-residents from corporate tax, VAT, and social tax. AIFC's stock exchange (AIX) cooperates with the Shanghai Stock Exchange, NASDAQ, Goldman Sachs International, and the Silk Road Fund.
4

Stable Political Situation

Kazakhstan is politically and economically stable. Upheavals rarely occur here. In addition, the country is improving its business legislation and seeking to attract more foreign investors.
5

Remote Registration

You can open a legal entity in Kazakhstan remotely. Visiting this country in person is unnecessary for the registration procedure.
6

Variety of Banks

A huge number of banks operate in Kazakhstan. Local financial organizations, as well as European and Turkish banks, operate here.

Kazakhstan offers businesses the opportunity to register several types of companies. The most popular three.

 

Individual Enterprise

Individual entrepreneurship in Kazakhstan suits those wanting to open a small business. There are low taxes for sole proprietorship in this country, but there are restrictions on annual profits, the number of staff that can be hired, etc.

 

Limited Liability Partnership

The most popular form of ownership for registering a medium-sized business. Participants of a limited liability company are not responsible for their obligations and bear the risk of losses related to the company’s activities within the limits of the value of their contributions.

The Civil Code of the Republic of Kazakhstan and the Law on Limited and Additional Liability Companies may provide exceptions to this rule. Registering an LLC in Kazakhstan allows you to conduct almost any business on favorable terms.

 

Joint Stock Company

A joint-stock company is a form of company ownership with the fewest restrictions. You can work in any field; there are no restrictions on income, staff, etc. Shares can be distributed beyond the founders.

It is necessary to fulfill several rules regarding the authorized capital, personnel, company name, etc. To register a company in Kazakhstan, you need to follow these requirements.

 

Director

Companies in Kazakhstan must have at least 1 director. However, the jurisdiction does not have particular requirements for them. A citizen of any country who has reached the age of 18 can be appointed as a director. Individuals from the sanctions list cannot be appointed to the director position.

 

Shareholder

Companies in Kazakhstan must have at least 1 shareholder. There are no special requirements for them, either. A citizen of any country who has reached the age of 18 can be a shareholder of the company. Shareholders should not be on sanctions lists.

 

Legal Address

When registering a company in Kazakhstan, it is necessary to specify the legal address. It must be on the territory of the country. If you work in free economic zones, the address must be from the FEZ.

 

Name

The company’s name must be unique; it is checked before registration. Companies in the ownership form of a limited liability company must have the ending LLC in the name. If you register a joint-stock company, it must have the ending JSC.

 

Share Capital

The authorized capital of the LLC is the sum of the contributions of its founders (participants) formed by combining contributions. The initial amount of authorized capital may be less than 100 MCI, except for business entities.

 

Local Bank Account

Kazakhstan does not require registration of an account in a local bank. You can work with an account from any country’s bank.

 

Registration Agent

To open a company in Kazakhstan, a registration agent is optional. Organizations can also appoint a secretary.

 

Reporting

All organizations registered in Kazakhstan are required to submit reports.

Before registering a company in Kazakhstan, you must familiarize yourself with the specifics of taxation. The global principle of taxation operates in this country. Businesses from Kazakhstan must pay the following taxes.

 

Income Tax

The general rate of profit tax in Kazakhstan is 20%. However, different rates may apply in free economic zones. For example, for IT companies registered in Astana Hub, the income tax is 0%.

 

VAT

The basic rate of value-added tax in Kazakhstan is 12%.

Companies in Kazakhstan must submit reports. The following reports should be submitted with tax documents.

 

Annual Report

Companies must submit annual financial statements for the 12-month reporting calendar year to the National Bank by April 30 following the reporting year.

 

Audit

An audit for an LLC is mandatory if the following conditions are met:

  • There are participants (founders) who have a share of less than 10% in the authorized capital.
  • The number of employees exceeds 250 people.
  • The average annual income exceeds 3,000,000 MCI of the relevant financial year.

Joint-stock companies always undergo an annual audit, regardless of the conditions and features of their work.

Kazakhstan offers businesses the opportunity to register several types of companies. The most popular three.

 

Individual Enterprise

Individual entrepreneurship in Kazakhstan suits those wanting to open a small business. There are low taxes for sole proprietorship in this country, but there are restrictions on annual profits, the number of staff that can be hired, etc.

 

Limited Liability Partnership

The most popular form of ownership for registering a medium-sized business. Participants of a limited liability company are not responsible for their obligations and bear the risk of losses related to the company’s activities within the limits of the value of their contributions.

The Civil Code of the Republic of Kazakhstan and the Law on Limited and Additional Liability Companies may provide exceptions to this rule. Registering an LLC in Kazakhstan allows you to conduct almost any business on favorable terms.

 

Joint Stock Company

A joint-stock company is a form of company ownership with the fewest restrictions. You can work in any field; there are no restrictions on income, staff, etc. Shares can be distributed beyond the founders.

It is necessary to fulfill several rules regarding the authorized capital, personnel, company name, etc. To register a company in Kazakhstan, you need to follow these requirements.

 

Director

Companies in Kazakhstan must have at least 1 director. However, the jurisdiction does not have particular requirements for them. A citizen of any country who has reached the age of 18 can be appointed as a director. Individuals from the sanctions list cannot be appointed to the director position.

 

Shareholder

Companies in Kazakhstan must have at least 1 shareholder. There are no special requirements for them, either. A citizen of any country who has reached the age of 18 can be a shareholder of the company. Shareholders should not be on sanctions lists.

 

Legal Address

When registering a company in Kazakhstan, it is necessary to specify the legal address. It must be on the territory of the country. If you work in free economic zones, the address must be from the FEZ.

 

Name

The company’s name must be unique; it is checked before registration. Companies in the ownership form of a limited liability company must have the ending LLC in the name. If you register a joint-stock company, it must have the ending JSC.

 

Share Capital

The authorized capital of the LLC is the sum of the contributions of its founders (participants) formed by combining contributions. The initial amount of authorized capital may be less than 100 MCI, except for business entities.

 

Local Bank Account

Kazakhstan does not require registration of an account in a local bank. You can work with an account from any country’s bank.

 

Registration Agent

To open a company in Kazakhstan, a registration agent is optional. Organizations can also appoint a secretary.

 

Reporting

All organizations registered in Kazakhstan are required to submit reports.

Before registering a company in Kazakhstan, you must familiarize yourself with the specifics of taxation. The global principle of taxation operates in this country. Businesses from Kazakhstan must pay the following taxes.

 

Income Tax

The general rate of profit tax in Kazakhstan is 20%. However, different rates may apply in free economic zones. For example, for IT companies registered in Astana Hub, the income tax is 0%.

 

VAT

The basic rate of value-added tax in Kazakhstan is 12%.

Companies in Kazakhstan must submit reports. The following reports should be submitted with tax documents.

 

Annual Report

Companies must submit annual financial statements for the 12-month reporting calendar year to the National Bank by April 30 following the reporting year.

 

Audit

An audit for an LLC is mandatory if the following conditions are met:

  • There are participants (founders) who have a share of less than 10% in the authorized capital.
  • The number of employees exceeds 250 people.
  • The average annual income exceeds 3,000,000 MCI of the relevant financial year.

Joint-stock companies always undergo an annual audit, regardless of the conditions and features of their work.

Registration company

Company Registration Process

To open a business in Kazakhstan, you must go through 5 stages. These include:

01

Due Diligence and KYC verification

The founders provide information about themselves, the area in which the company will operate, and its structure.
02

Checking the company name

The company must have a unique name verified in the Register.
03

Preparation of documents

Constituent documentation and forms for subsequent registration are being prepared.
04

Submission of documents

The prepared documents are submitted to Kazakhstan's state registrar, which decides whether to register a company or not.
05

Preparation of internal documents

If the decision on registration is positive, internal control documents are prepared for the established company.

Documents

Documents Required For Registration

Directors, shareholders, and beneficial owners of companies in Kazakhstan must submit the following documents to open a business.

  • Identification documents. You can provide an ID or passport.
  • Confirmation of residential address. For example, you can provide a utility bill or bank statement.