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…
Doing Business: Visa Regime in Kazakhstan
Visa regime in Kazakshtan In order to visit Kazakhstan, citizens of most foreign countries will need valid passports and visas. There are currently 48 countries with which Kazakhstan has simple business visa procedures. Multiple-entry visas require an invitation from an…
Doing Business: Marine Industry in Kazakhstan
Marine Industry in Kazakhstan Despite the fact that Kazakhstan is considered to be a landlocked country, it has a comprehensive legal framework for its maritime industry. This is due to the fact that Kazakhstan is one of the five coastal…
Doing Business: Establishing a Legal Presence in Kazakhstan
Establishing a Legal Presence in Kazakhstan Each legal entity is registered by the government in one step. State Registration Kazakhstan uses a one window principal, which means that all documents should be submitted to one registration authority, it could be…