ARTICLE
10 March 2021

New Instrument Of Attracting Investments Launches In Kazakhstan

U
Unicase Law Firm

Contributor

Unicase is a leading law firm in Central Asia, operating both in the region and globally, including Kazakhstan, Uzbekistan, Kyrgyzstan, and Tajikistan. Unicase boasts one of the most expert teams, renowned for its capabilities in regulation and legislative development, which, combined with extensive transaction experience, enables the firm to win major development projects and remain a preferred adviser on corporate law, M&A transactions, dispute resolution, and legislation. Partners and senior lawyers at Unicase have spent a significant part of their professional careers working with leading international operators, which allows them to understand the expectations of both foreign and local clients regarding the format and content of legal consultations, making Unicase a competitive firm.
The Law of the Republic of Kazakhstan dated January 2, 2021 "On Amendments and Additions to Some Legislative Acts of the Republic of Kazakhstan on Economic Growth Recovery"...
Kazakhstan Strategy

The Law of the Republic of Kazakhstan dated January 2, 2021 "On Amendments and Additions to Some Legislative Acts of the Republic of Kazakhstan on Economic Growth Recovery" (hereinafter - the "Law") developed a new instrument of attracting investments in Kazakhstan – Investment Agreement.

According to the Law, Investment agreements are characterized by the following:

  1. The sum of the investment of at least 7.5 million MCI (approx. USD 51.8 million);
  2. Legislative stability for 25 years, with a special focus on tax and labour regulations;
  3. No approved template or format of the Investment Agreement;
  4. Decrease of income tax for 100%, land tax and property tax shall not apply to this type of Agreement;

These support measures are applicable in the following sectors:

  • Dairy cattle breeding;
  • Other types of cattle and buffalo breeding;
  • Meat processing and preservation;
  • Agricultural and forestry machinery manufacture;
  • Drugs production for veterinary purposes.

The Government of Kazakhstan is developing new investment initiatives, which will further affect the legislation of the Republic of Kazakhstan.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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