Kazakhstan Investment Preferences
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Investment preferences Investment preferences are provided in priority activities according to the list approved by the Decree of the Government of Kazakhstan dated May 8, 2003 No. 436. As per the Law “On Investments”, an investor can be provided with: exemption from customs duties of imported equipment and its components required to implement investment project; To obtain preferences, an application shall be state natural grants: plots of land, filed to the Investments Committee of the buildings, structures, machinery and Ministry of Industry and New Technologies equipment, computers, measuring and of Kazakhstan and a contract shall be control instruments and devices, vehicles, concluded with it. except for cars, industrial and household equipment. As per the Tax Code, an investor can be provided with: tax allowances: value of preference entities and (or) the Tax incentives for without a contract. subsequent costs for upgrading reconstruction can related to deductions over a period up to three years. Term for tax loss carryforwards is 10 years. On all matters related to the provision of investment preferences, please contact the Investments Committee of the Ministry of Industry and New Technologies of Kazakhstan. Support for Small and Medium Enterprises (SME) Under the “Road Map for Business 2020”, small and medium-sized enterprises will be provided with the following types of state support: Subsidized interest on loans; Loan guarantees; Assistance in developing production (industrial) infrastructure; Services to support businesses (consulting, legal, accounting, etc.); Training of personnel. To receive state support it is necessary to apply to the akimat of the region or city of national significance. Akimats' contact details Akmola region akimat Kyzylorda region akimat Tel: +7 (7162) 257 922, 253 525 Tel.: +7 (7242) 26 21 44 Fax: +7 (7162) 297 298 Fax: 26 12 25, 27 63 73 Address: 83 Abay street, Kokshetau Address: 76 Zhahaeva street, Kyzylorda Aktobe region akimat North- Kazakhstan region akimat Tel.: +7 (7132) 542 908 Tel.:+7 (7152) 464 125 Fax: +7 (7132) 564 758 Fax: 46 36 35 Аddress: 40 Abylhair khan avenue, Aktobe Address: 58 Konstitutsiya street, Petropavlovsk Almaty region akimat South-Kazakhstan region akimat Tel.: +7 (7282) 272 887, 270 822 Tel.: +7 (7252) 537 443 Fax: +7 (7282) 270 743 Fax: 530 527 Address: 38 Tauelsizdik street, Taldykorgan Address: 6 Tauke khan avenue, Shymkent Atyrau region akimat Kostanay region akimat Tel.: +7 (7122) 354 501, 270 960 Tel.: +7 (7142) 575 001, 575 230 Fax: +7 (7122) 35 50 30, 35 51 65 Fax: 575 085 Address: 77A Aiteke bi street, Atyrau Address: 66 Al-Farabi avenue, Kostanay East-Kazakhstan region akimat West-Kazakhstan region akimat Tel.:+7 (7232) 578 580, 26 42 42 Tel.: +7 (7112) 51 06 26 Fax: +7 (7232) 261 363 Address: 109 8th March street Address: 40 Gorkiy street, Ust- Kamenogorsk Zhambyl region akimat Mangystau region akimat Tel.: +7 (7262) 454 628, 430 650, 454 466 Tel.: 8 (7292) 31 42 15, 31 53 65 Fax: 454 628 Fax: 43 45 52 Address: 125, Abay street, Taraz Address: House №1, 14 micro-district Karaganda region akimat Pavlodar region akimat Tel.: +7 (7212) 42 10 67 Tel.: +7 (7182) 32 25 40, 32 33 26 Fax 42 10 67 Address: 49 Satpayev street, Pavlodar Address: 39 Mir avenue, Karaganda Institutional and Financial Support Samruk-Kazyna National Welfare Fund JSC National welfare fund is to provide maximum support to the Government of Kazakhstan, promptly solving the issues of investment attraction to industries, active work in the regions, strengthening inter-industry and inter-regional links. The Fund’s main goal is to manage shares it owns in the national development institutes, national companies and other legal entities in order to maximize their long-term worth and increase competitiveness at international markets. The Fund’s key activity is to contribute to modernization and diversification of the national economy, within the scope of State program of accelerated industrial-innovative development as well. The Fund invests heavily into national economy and especially into priority sectors such as: Oil and gas Energy Metallurgy Chemicals, petrochemicals Infrastructure. The Fund’s subsidiaries: JSC “KazMunayGas”, www.kmg.kz JSC “Kazakhstan Temir Zholy”, www.railways.kz JSC “KEGOC”, www.kegoc.kz JSC “Kazakhtelecom”, www.telecom.kz JSC “Kazpost”, www.kazpost.kz JSC “Air Astana”, www.airastana.com JSC “Kazakhstan Development Bank”, www.kdb.kz JSC “DAMU” Enreprneuship Development Fund”, www.damu.kz JSC “National Company “Kazakhstan Engineering”, www.ke.kz National Mining Company “Tau-Ken Samruk”, www.tks.kz “United Chemical Company” LLP, www.ucc.com.kz and others. www.samruk-kazyna.kz “Kazakhstan Development Bank” JSC JSC “Kazakhstan Development Bank” (KDB) is a state financial development institute that provides medium- and long-term financing of investment projects, leasing operations, and trade financing for export operations in priority sectors of the economy. As of beginning of 2011 with the Bank’s financing 62 new and modernized production lines and infrastructure objects worth $3.3 billion with the Banks’ share of $1.6 billion were put into operation. Mission Contributing to stable economic growth and development of the Republic of Kazakhstan by means of providing long-term financing and other financial services to various industries except mining industry; Improving and increasing effectiveness the Government’s investment activities in manufacturing industries; Assisting foreign and domestic investments into Kazakhstan’s economy; Stimulating and developing industrial infrastructure and manufacturing industries (not related to oil and gas extraction). KDB aims Promoting direct investments; Financing projects in priority sectors of the economy. Tools Loans for investment projects: from 5 to 20 years, minimum size - $5 million; Financial leasing: from 3 to 20 tears, minimum size - $1 million; Loans for export deals: from 1 to 3 years, minimum size - $1 million; Project financing; Guarantee issuing; Agent services to state projects; Capital subscription; Mezzanine financing; Inter-bank loans; Working capital financing. “Kazakhstan Development Bank” JSC Republic of Kazakhstan, Astana, Yessil region, Orynbor street 10 (“Kazyna Tower” building) Tel.: +7 (7172) 79 26 79 Fax: +7 (7172) 79 26 38 Republic of Kazakhstan, 050000, Almaty city “Nurly Tau” business center, Al-Farabi 19, Bloc 1B, office 204. Tel.: +7(7273) 110 470 Fax: +7 (7273) 110 470 www.kdb.kz Kazakhstan Investment Fund JSC The Fund’s goal – contributing to implementation of industrial-innovative policy of the Republic of Kazakhstan by means of making and attracting investments to projects of perspective companies, rendering financial assistance to the private sector initiatives aimed at creating competitive manufacturing industries. The main tool employed by the Fund is equity participation of investment recipient company. The Fund’s aims: 1.Investment into equity capital of newly created and existing companies engaged in processing, producing competitive goods, and providing services to industrial companies; 2.Promotion of private investments into non-oil sectors of the economy by means of co- financing investment projects (equity financing) and participating in the respective projects management; 3. Contribution to increase in investment activity of Kazakhstani organizations abroad by co- financing investment projects outside of the Republic of Kazakhstan if the projects related to cooperation between domestic and foreign companies developing adjacent productions. Kazakhstan Investment Fund JSC 050010, Almaty, Kazakhstan Zenkova str. 80 Tel.: +7 (727) 2598 131, 2588 333 Fax: +7 (727) 2583 799 e-mail: [email protected] www.ifk.kz National Innovation Fund JSC The main goal of the National Innovation fund is to contribute to increase in innovation activities in the country and development of high-tech and knowledge-intensive production. Main activities: Financing innovation projects; Creating venture funds; Developing effective innovational infrastructure; Information and analytical, methodological and expert support to the process of innovational development; Developing system of technology commercialization; Administering service tools to support innovations; Building up innovation activity, increasing innovation activity of people. National innovation Fund JSC Republic of Kazakhstan, 010017, Astana Syganak street, 29, “Eurocenter” business center, 9 floor Tel.: +7 (7172) 516 982 Fax: +7 (7172) 517 021 E-mail: [email protected] www.nif.kz JSC “Damu” Entrepreneurship development Fund” The “Damu” Fund’s mission is to assist to high quality development of small and medium enterprises in Kazakhstan. The main goals of “Damu” Fund are: 1) Contributing to increase in active enterprises and number of jobs by providing finances to all perspective SMEs; 2) Contributing to development of entrepreneurship in non-oil sectors of the economy; 3) Enhancing SME skills and involving people in entrepreneurship . The main tools of “Damu” Fund for entrepreneurship are financing enterprises through second- tier banks, subsidizing interest rates, giving guarantees to banks, concessionary financing for leasing operations and microcredit institutions, as well as rendering non-financial support (training, consulting, information and analytical support). “Damu” Fund is a main state institute for entrepreneurship development and has representative offices in all 14 regions of the country, in Almaty and