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Investment policy
of the Republic of Kazakhstan
6.1 bln. USD 20.1 bln. USD
Kazakhstan attracted 222.4 billion USD
of foreign direct investments
(2005-2015) 2005-2010 2010...
DOING BUSINESS 2015
Source: The World Bank, Doing Business 2015
132
130
118
116
109
84
83
67
51
41
15
7
5
1
Таджикистан
Ин...
Public agencies, national companies and
mayor’s offices’ hearing
395 projects
927 investors
670 000 visits from 170 countr...
Entrance group
• Improvement of the migration control procedures
• Improvement of the foreign labor attraction procedures
...
State support measures for investors
Basic package:
283 types of activities*
Special package:
95 types of activities*
Inve...
Functions:
1. Reception and advising on existing public services;
2. Assistance in the preparation and presentation of the...
Construction of infrastructure
objects
Cooperation with
International experts
Systemic Measures
Implementation of the
unif...
Ombudsman functions:
1. Consideration of investors applications and
development of recommendations for their
resolution, i...
National Investment Internet Resource
www.invest.gov.kz
Database of investment projects and foreign investors
www.baseinve...
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Kazakhstan Investment Policy Framework 2017

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The 2017 Investment Policy of Kazakhstan is well structured to attract foreign investors and multinational corporations seeking to contribute to balanced economic and GDP growth for Kazakhstan.

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Kazakhstan Investment Policy Framework 2017

  1. 1. Investment policy of the Republic of Kazakhstan
  2. 2. 6.1 bln. USD 20.1 bln. USD Kazakhstan attracted 222.4 billion USD of foreign direct investments (2005-2015) 2005-2010 2010 – 2015 24% 76.8% 0 20 40 60 80 100 120 FDI in manufacturing industry Total FDI The main countries-investors (2005–2015, bln. USD) Netherlands 64.0 USA 23.8 Switzerland 15.0 China 13.1 France 12.2 UK 11.5 FDI statistics FDI in manufacturing industry Before the industrialization During the industrialization 0.3 0.7 1.1 2.1 1.8 2.2 5.7 3.5 2.5 3.7 2.6 7.9 12.1 19.4 21.3 21.4 22.2 26.5 28.9 24 23.9 14.8 0 5 10 15 20 25 30 35 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Manufacturing industry Total 8 355 7 288 2 770 3 6653 504 2 771 1 476 2 565 0 1 000 2 000 3 000 4 000 5 000 6 000 7 000 8 000 9 000 Mining industry Oil and gas Trade Manufacturing industry FDI by major activities (million USD) 2014 2015 62% 47% 30% 58% 2
  3. 3. DOING BUSINESS 2015 Source: The World Bank, Doing Business 2015 132 130 118 116 109 84 83 67 51 41 15 7 5 1 Таджикистан Индия Иран Бразилия Индонезия Китай Украина Кыргызстан Россия Казахстан Германия США Гонконг Сингапур GLOBAL COMPETITIVENESS INDEX Rank Country Score 1 Switzerland 5.76 2 Singapore 5.68 3 USA 5.61 4 Finland 5.53 5 Germany 5.53 6 Netherlands 5.50 … … … 42 Kazakhstan 4.49 45 Russia 4.44 55 India 4.31 79 Ukraine 4.03 102 Kyrgyzstan 3.83 Source: World Economic Forum, Global Competitiveness Report 2014-2015 Positions in the international rankings Singapore Hong Kong USA Germany Kazakhstan Russia Kyrgyzstan Ukraine China Indonesia Brasil Iran India Tajikistan 3
  4. 4. Public agencies, national companies and mayor’s offices’ hearing 395 projects 927 investors 670 000 visits from 170 countries Information on 12 languages 1 2 3 Public agencies, national holdings and the NCE Mayor’s offices Investors’ service center (ISC) Data base baseinvest.kz Investment website www.invest.gov.kz Support of investors 16 ISC 10 SEZ 25 IZ New approaches for investment attraction New incentives 1.Tax benefits 2. Investment subsidies 3. Immigration benefits 4. Stability of legislation 5. Recruitment simplification Business forums Road show Diplomatic representative offices of Kazakhstan EXTERNAL LEVEL CENTRAL LEVEL REGIONAL LEVEL Provision of investors with access to land and infrastructure (SEZ, IZ) Investment advisers at the embassies of the Republic of Kazakhstan in 10 countries Distribution of investors to the public agencies, national companies and the private sector 4 1 2 1. New directions: - Infrastructure (transport, housing, social, energy) and PPP, mining - M&A - Portfolio investors - Funds representative offices abroad2 1 2 The detailed plan for improvement of the investment climate in accordance with the OECD standards 2. SPIID 2 industries (Greenfield): metallurgy, chemical and petrochemical industry, mechanical engineering, production of construction materials, food industry Sectoral and regional annual Plans of activities to attract FDI with goals/indicators in coordination with the Ministry for Investments and Development Control of the implementation Problem solving (Ombudsman) 5 3 The regional councils under the leadership of governors together with the NCE 1 Review of problem cases Government Council One Stop Shop for investors SPAIID Investment attraction system 4
  5. 5. Entrance group • Improvement of the migration control procedures • Improvement of the foreign labor attraction procedures • Extension of visa-free regime New approaches • Appointment of special advisers in the foreign offices of Kazakhstan and creation of KAZNEX INVEST front-offices • Strategic investors and TNCs ’ issues consideration within the Investment Council • Improvement of the investment preferences package • Sectoral and regional Plans for attracting investments Fiscal system • Improvement of the law enforcement practice of tax and customs legislation • Improvement of transfer pricing • Decriminalization of tax offenses Other systemic issues • Strengthening the work of the “One Stop Shop” • Simplification of access to land • Improvement of legislation in the sphere of PPP THE MAIN APPROACHES of the detailed plan for improvement of the investment climate in accordance with the OECD standards for 2016-2017 Investment policy The GOAL is to join the OECD Investment Committee in 2017 Further improvement of the investment climate through implementation of the standards The first Kazakhstan’s Investment policy review has been conducted The second Investment policy review of Kazakhstan has been launched 5
  6. 6. State support measures for investors Basic package: 283 types of activities* Special package: 95 types of activities* Investment Incentives in SEZs EXEMPTION FROM CUSTOMS DUTIES UP TO 5 YEARS AND VAT ON IMPORTED: • major equipment and spare parts to it; • accessories, raw materials and (or) materials. + (VAT on import will enter into force on 1 January 2017) + (VAT on import will enter into force on 1 January 2017) + (VAT on import does not apply to the SEZ incentives) THE STATE GRANTS IN KIND Free land, buildings, structures, machinery and equipment, computers, measuring and control devices and equipment, vehicles (excluding cars), industrial and household equipment. • Not more than 30% of the volume of investment in fixed assets + + - TAX PREFERENCES Rate of 0%: - Corporate Income Tax - Property Tax - Land Tax - + + EXEMPTION FROM VAT Marginal rate of tax depreciation up to 0% • 30% social tax for 5 years in the SEZ "PIT“ - - + INVESTMENT SUBSIDY Reimbursement of up to 30% of actual costs of construction and installation works and purchase of equipment - + - STABLE LEGISLATION 1. Stability of tax legislation; 2. Stability of the legislation on employment of the population in the field of attracting foreign labor. - + - FOREIGN LABOR Without permit - + - OTHER INCENTIVES Free plot of land for the entire period of existence of a SEZ; Simplified procedure for employment of foreign labor. - - + * Matching the List of Priority Activities, approved by the Governmental Decree No. 13 dated January 13, 2016. * A newly established legal entity (the state registration of such legal entity has been completed not earlier than 24 months before filing an application for the investment preferences) with investments not less than two-million-fold rate of MCI. 6
  7. 7. Functions: 1. Reception and advising on existing public services; 2. Assistance in the preparation and presentation of the documents required for obtaining the public services; 3. Support of investors in central and local executive bodies in obtaining the public services, in accordance with the rules on the organization of activity of “One Stop Shop", approved by Governmental Decree No. 1133 dated December 30, 2015; 4. Monitoring of the process of providing investors with the public services. Contacts: Call-center: +7 (7172) 75-45-40 INVESTOR Investors Service Center 19 investor service sectors in The State Corporation "Government for Citizens“, JSC «One Stop Shop» for Investors 1. Conduct consultation on the issues of obtaining public services for implementation of investment projects; 2. Check the documents for compliance with the standards of the public services; 3. Send for consideration to the appropriate public agencies. The TIME is set by the standards for provision of services + time to deliver by the courier to the service provider The possibility of monitoring the provision of public services www.isc.baseinvest.kz The result for provision of public services more than 250 investors Received public services: Sought the advice more then 80 investors Investor visa Permits Provision of land in urban areas for construction Conclusion of the investment contract Registration of entities “One Stop Shop“ specialists for investors: JANUARY-MARCH 2016 RESULTS 7
  8. 8. Construction of infrastructure objects Cooperation with International experts Systemic Measures Implementation of the unified management model (UMM) Plan - In 2017-2018 the infrastructure of all SEZ’s is expected to be fully finished (including SEZ “NIPT” and SEZ “Pavlodar”) - On 27th of October 2015 the law “on amendments and additions to some legislative acts of the Republic of Kazakhstan on the improvement of special economic zones” has been passed - Implementation of the UMM in 4 SEZ’s («Ontustik», «Saryarka», «Pavlodar», «Seaport Aktau») Creation of the Unified Coordination Center of SEZ’s UCC - Unified operator that supports functioning of SEZ’s - 148 operating projects, out of them 22 with foreign share - 102 project are under construction - In 2015-2016 the basic infrastructure of 8 SEZ’s is expected to be finished - SEZ “Astana – new city” - SEZ “Seaport Aktau” Commissioning of the projects: 2016 – 25 (107 bln. KZT) 2017 – 7 (64 bln. KZT) 2018 – 9 (700 bln. KZT) 2019 – 4 (1 279 bln. KZT) New workplaces- 17 000 Members of SEZ’s - In 2015 22 project were put into operation, total worth of the project is 112 bln. KZT. The development of Special Economic Zones 8
  9. 9. Ombudsman functions: 1. Consideration of investors applications and development of recommendations for their resolution, including the cooperation with public authorities; 2. Assistance to investors in emerging issues in court and pre-trial procedures; 3. Development and submission of recommendations on improvement of legislation of the Republic of Kazakhstan. Investment Ombudsman Ministries The General prosecutor's office of RK Ministry of Foreign Affairs Ministry of Justice Ministry of Energy At the head of the interdepartmental working group which includes: Investment Ombudsman – Minister of Investment and Development of RK Ministry of Defence Ministry of National Economy Ministry of Finance Ministry of Culture and Sport Ministry of Healthcare and Social Development Ministry of Education and Science Ministry of Agriculture Results of 2015 Applications accepted: 11 private issues 51 systemic issues62 Resolved in favor of investors 40 Recommendations on improvement of legislation have been developed 8 Examples - Providing plant under construction with the infrastructure - Tax issues - Issues of the inclusion in the Register of domestic producers - Trademark registration - Products transportation issues 9
  10. 10. National Investment Internet Resource www.invest.gov.kz Database of investment projects and foreign investors www.baseinvest.kz Useful Links 10

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