The register of unscrupulous suppliers
THE REGISTER OF UNSCRUPULOUS SUPPLIERS Nowadays in Kazakhstan there are the companies that are not able to participate in public procurement as suppliers. These are the companies that are included to the register of unscrupulous suppliers. In practice, many companies…
Restrictions on marketing the medicines and medical products
MEDICINE MARKETING RESTRICTIONS In Kazakhstan, new “Rules of ethical promotion of medicines and medical products” were adopted on 8 May 2019 (hereinafter—the Marketing Rules). These Marketing Rules introduced new restrictions on the promotion of medicines for the pharmaceutical companies and…
The behavior of Employers on social media: How to protect the Company?
THE CHALLENGES OF SOCIAL MEDIA • How to protect the company from the actions of their employers on social media? • Where is the fine line betweenpersonal view and the employee’s opinion (professional)? • How to regulate the conflict between…
Arbitration clauses in contracts
DEFECTIVE ARBITRATION CLAUSE Our court practice shows that quite often companies cannot be protected in courts or in arbitration because of a defective arbitration clause. Mostly this happens when the companies forget to mention in the arbitration clause the number…
Electronic digital signature
ELECTRONIC DIGITAL SIGNATURE LAWS ON EDS Kazakhstan adopted the Law “On electronic document and electronic digital signature” in 2003 (hereinafter – the Law on EDS). Kazakhstan Civil Code allows companies to make contracts in electronic form, including through the exchange…
Overview of customs pactice
RESPONSIBILITY OF CUSTOMS REPRESENTATIVE Previously, in Kazakhstan, customs representatives (hereinafter – customs brokers) did not bear any responsibility. Customs brokers could incorrectly calculate companies’ customs fees, VAT and apply the wrong customs code. As a result, companies were faced with…
Doing Business in Kazakhstan: Taxation
All taxes and fiscal payments types are the same in each region, except for special economic zones. Main taxes in Kazakhstan are: Tax Type Tax Rate 1 Corporate income tax 20% 2 Withholding tax 5%…
Doing Business: Antimonopoly Policy
Natural Monopolies The Agency for the Regulation of Natural Monopolies and the Agency for the Competition Protection, both separate bodies are responsible for the monitoring and control of competition matters in Kazakhstan. The Agency for the Regulation of Natural Monopolies…
Doing Business: Employment in Kazakhstan
Employment Contract All employment issues are regulated by the Labor Code. An employment contract must be duly signed by the employee to a fixed or indefinite term. An employer may establish a probation period in the contract, but the probation…
Doing Business: Business Presence in Kazakhstan
Business Presence in Kazakhstan Introduction Kazakhstan legislation provides a variety of options for business presence in Kazakhstan. The business person can set up in Kazakhstan a representation office or a branch of a foreign company. It is also possible to…