= Doing Business reform making it easier to do business.
= Doing Business reform making it more difficult to do business.
DB2013:
Starting a Business:
Kazakhstan made starting a business easier by eliminating the requirement to pay in minimum capital within 3 months after incorporation.
Getting Credit:
Kazakhstan strengthened its legal framework for secured transactions by introducing new grounds for relief from an automatic stay during rehabilitation proceedings.
Resolving Insolvency:
Kazakhstan strengthened its insolvency process by introducing an accelerated rehabilitation proceeding, extending the period for rehabilitation, expanding the powers of and improving qualification requirements for insolvency administrators, changing requirements for bankruptcy filings, extending the rights of creditors, changing regulations related to the continuation of operations, introducing a time limit for adopting a rehabilitation plan and adding court supervision requirements.
DB2012:
Protecting Investors:
Kazakhstan strengthened investor protections by regulating the approval of transactions between interested parties and making it easier to sue directors in cases of prejudicial transactions between interested parties.
DB2011:
Starting a Business:
Kazakhstan eased business start-up by reducing the minimum capital requirement to 100 tenge ($0.70) and eliminating the need to have the memorandum of association and company charter notarized.
Dealing with Construction Permits:
Kazakhstan made dealing with construction permits easier by implementing a one-stop shop related to technical conditions for utilities.
Protecting Investors:
Kazakhstan strengthened investor protections by requiring greater corporate disclosure in company annual reports.
Trading Across Borders:
Kazakhstan speeded up trade through efforts to modernize customs, including implementation of a risk management system and improvements in customs automation.
DB2010:
Starting a Business:
Kazakhstan simplified the business start up process by simplifying documentation requirements and abolishing the requirement to register at the local tax office.
Dealing with Construction Permits:
Kazakhstan eased the process of dealing with construction permits by eliminating the requirement to pay for new electrical connection, reduced the time-limits for building permits, and reduced cost to obtain topographic surveys.
Paying Taxes:
Kazakhstan reduced the tax burden on companies by reducing the social tax for 2008 and by reducing the corporate income tax rate from 30% to 10% for 2009.
DB2009:
Registering Property:
The new Law on State Registration created a new unified registry for all lands and buildings and introduced Public Service Centres as competent authorities for property transactions in the country, reducing the number of procedural requirements and the time.
Getting Credit:
Kazakhstan’s private credit bureau is adding 2 new suppliers of information a month, including retailers such as furniture companies and utilities like the gas company. Coupled to a credit boom, coverage shot up by 80%. Now even consumers who do not have a bank account or a credit card can build a credit history, improving their chances to obtain credit in the future.
DB2008:
Paying Taxes:
Kazakhstan made paying taxes easier by lowering sanctions for late payments of taxes.