Kazakhstan

Starting a Business in

Kazakhstan

Below is a detailed summary of the bureaucratic and legal hurdles faced by entrepreneurs wishing to incorporate and register a new firm in Kazakhstan. It examines the procedures, time and cost involved in launching a commercial or industrial firm with up to 50 employees and start-up capital of 10 times the economy's per-capita gross national income.

This information was collected as part of the Doing Business project, which measures and compares regulations relevant to the life cycle of a small- to medium-sized domestic business in 189 economies. The most recent round of data collection was completed in June 2014.

Compare Kazakhstan to 188 other economies.

  • Standardized Company

  • Legal form: Private Limited Liability Company
  • Paid in minimum capital requirement: KZT 0
  • City: Almaty
No. Procedure Time to Complete Associated Costs
1 Pay registration fee into the account of the Ministry of Justice
Agency: Commercial Bank

A fee for registration of the company is paid to the bank. It’s a separate window (a bank branch) inside the building of the Center for servicing populations. Registration fee has to be paid and a receipt submitted when submitting the package of documents.
1 day no charge
2 State registration of legal entity (online or in person), obtaining of a digital signature and tax registration at the Public Registration Center
Agency: Public Registration Center or e-government website

The following documents should be submitted to the registrar:
• Application form;
• Copies of ID;
• Document confirming the payment of the state registration fee (KZT 3236);
If necessary the Power of attorney on the representative shall be presented also.

Registration fees are 2 times the index (1MCI for 2013 is KZT 1731)

5 days KZT 3462
3 Make a company seal
Agency: Sealmaker

To make a company seal, promoters must file a copy of certificate of state registration of the company; a power of attorney, if the person is not the director; and a letter of application requesting the seal, with required information about the seal content.
1 day KZT 2,000 - KZT 4,500
4 Notarize certificate of state registration and other post-registration documents
Agency: Notary

Under the Tax Code of January 1, 2009 Article 536(15), the notary fee for certifying copies of the state registration and other post registration documents shall be 10% of the MCI per page. Each registration document is a two-page document, and the total for one set of certified copies (if the charter had 10 pages) would be 10% of MCI x 16 pages. One set of notarized copies of the registration documents and the charter is usually required to open a bank account. Additional copies would be needed if the company were to apply for work permits to employ expatriates, obtain licenses and other operational permits, or set up subsidiaries or acquire shares or ownership interests in other legal entities.
1 day 10% MCI per page
5 Open the current account in the bank
Agency: Commercial Bank

To open a current account, the founder must provide the bank with the following documents:
• Cards with sample signatures and an imprint of the company seal.
• Copy of the state registration certificate of legal entity from the registration body of the Ministry of Justice of the Republic of Kazakhstan.
• Notarized copy of the charter, or other document confirming activity of the legal entity operating on the basis of a standard charter.
• Copies of identity documents for person(s) listed on the signature card(s) and company founders.
• Application for bank account setup (bank-provided form).
1 day no charge
6 Register for the obligatory insurance of life and health for employees
Agency: Insurance Company

Each employee should have employer-paid insurance according to the Law On Obligatory Insurance of The Liability of the Employer for Life and Health Tort to The Employee in Discharge of Labor and (Official) Duties (February 7, 2005) that became effective on July 1, 2005.The amount of insurance premium payable by an employer depends on insurance risks and wages. To assess risks, the insurance companies place all insurable personnel into three categories: administrative, operational, and support. Amounts of the insurance premium vary from 0.04% to 9.99%. According to 7 May 2007 amendments to the law on obligatory insurance, an employer is required to get an insurance policy within 10 business days from the date of state registration indicated in the company's Certificate of State Registration
1 day no charge

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