Setting Up a Company in Kazakhstan

In recent years, Kazakhstan has attracted growing interest from foreign investors thanks to the opportunities it offers businesses. Its tax incentives and strategic location make it an appealing hub for entrepreneurs seeking to establish a business in Central Asia, while its stable economy further enhances its appeal.

Some of the key advantages of doing business in Kazakhstan include:

• Low tax rates
• Access to emerging markets and new customer segments
• Industries with strong export potential
• Foreign investment-friendly legislation
• Free trade zones

These advantages create significant opportunities, particularly for entrepreneurs seeking to operate in the technology, agriculture, logistics, and energy sectors.

Company Types and Which One Is Right for You

Choosing the most suitable company type when setting up a company in Kazakhstan is critical to the success of your venture. The most common company types are:

Limited Liability Company (TOO - Tovaryshestvo s Ogranichennoy Otvetstvennostyu)

This is similar to the limited liability company structure in Türkiye. It can be established by one person or by multiple shareholders. It is the most commonly preferred company type and is also suitable for foreign investors.

Joint Stock Company (AO - Aktsionernoe Obshchestvo)

This structure is suitable for larger investments and publicly traded companies. Its capital structure is more complex, and it operates through a shareholder-based model.

Opening a Representative Office or Branch

Companies wishing to operate in Kazakhstan on behalf of a parent company may also open a branch or representative office. However, the commercial activities of these structures may be limited.

How Does the Company Formation Process Work?

The company formation process in Kazakhstan may differ from the process in Türkiye. Working with an experienced consultancy firm therefore offers a significant advantage. The general steps are as follows:

Preparing the Required Documents

• Passport copy and notarization
• Identification details of the company founders
• Registered address declaration
• Description of the company's business activities
• Articles of association (notarized)

Selecting and Registering the Company Name

If the company name has not previously been registered with the Kazakhstan Commercial Registry, it may be approved and registered. The company name may be selected in Kazakh or Russian.

Obtaining a Tax Number and Opening a Bank Account

When setting up a company in Kazakhstan, you must obtain a tax number and open a corporate account with a local bank. Additional documents may be requested depending on the company's field of activity.

Commercial Registry Registration and License Applications

Once the company has been registered, certain special licenses may be required depending on its field of activity. For example, companies intending to engage in imports or exports must obtain special permits.

Is a Local Partner Required?

Foreign investors are not required to have a local partner to set up a company in Kazakhstan, giving entrepreneurs greater freedom. However, due to government oversight, a local partnership may be advisable in certain sectors, such as mining and energy.

Taxation and Financial Obligations

The main taxes applicable to companies in Kazakhstan are:

• Corporate Income Tax: %20
• Value Added Tax (VAT): %12
• Income Tax (individual earnings): %10
• Social Security Contributions

Kazakhstan's tax system is highly transparent, and digital procedures are widely used. However, due to language barriers and differences in legislation, support from a local accountant is essential.

Why Should You Work with Marca World?

Setting up a company abroad can be complex, especially when a different legal system and language are involved. This is where Marca World's professional consultancy services can make the process easier for you.

What Does Marca World Offer?

• Guidance on selecting the appropriate company type
• Preparation of documents and management of notarization procedures
• Opening a local bank account
• Tax consultancy and accounting services
• Handling official procedures with local authorities

Marca World is a trusted business partner, providing comprehensive support to investors who wish to establish a business in Kazakhstan. Its expert team manages the entire company formation process professionally from start to finish.

Which Sectors Offer the Greatest Advantages?

As Kazakhstan is rich in natural resources, its energy and mining sectors offer significant potential. Substantial incentives are also available in agriculture and livestock farming.

Promising Sectors

• Energy and Renewable Energy
• Agriculture and Livestock Farming
• Construction and Infrastructure
• Logistics and Transportation
• Information Technology

Entrepreneurs wishing to operate in these sectors can benefit from both government incentives and a growing market.

Key Points to Consider

Several points should be considered when establishing a business in Kazakhstan:

• As the official languages are Kazakh and Russian, accurate translation of documents is essential.
• All documents must be notarized.
• Differences in business culture should be taken into account.
• The accounting system differs from that of Türkiye, so local support should be obtained.

Kazakhstan has become an important market for Turkish investors thanks to the opportunities it offers and its investment-friendly environment. However, working with an experienced consultancy firm can help prevent problems during legal procedures.

Marca World is one of the most reliable and professional solution partners for those wishing to set up a company in Kazakhstan. We recommend contacting Marca World to launch your venture correctly and build a solid foundation for long-term success.