Doing business in Kazakhstan, the World bank

DOING BUSINESS IN KAZAKHSTAN THE WORLD BANK

Synergy Partners Law Firm annually advices The World Bank on project Doing business in Kazakhstan.

Our lawyers try to indicate as much as possible all the problems and defects in Kazakhstan legislation and legal practice.

We believe that the more we point problems, more effectively Kazakhstan legislation will be updated. Certain authorities are interested in the developing of business climate.

The World Bank's Doing Business assessment is based on the following sections:

● Starting a business;

● Dealing with Construction Permits;

● Getting electricity;

● Registering Property;

● Getting Credit;

● Protecting Minority Investors;

● Paying Taxes;

● Trading across Borders;

● Enforcing Contracts;

● Resolving Insolvency.

Brief information about Kazakhstan results

Today, Kazakhstan has improved its position in the Doing Business rating and took 25th place and 79.6 out of 100 score. Kazakhstan reached 28th place in 2019 and 71st place in the rating of countries in 2018.

Source of information: https://www.doingbusiness.org/en/rankings.

For example, Kazakhstan took 94.4 among 100 score in starting business section. It is easy to open a company in Kazakhstan.

The most critical areas with lower scores are observed in the following sections: taxation, enforcement of contracts and the debt recovery in the courts.

Debt recovery in Kazakhstan courts takes about 12 months. In comparison, the same procedure takes less than 10 months in Europe and Central Asia.

Source of information: https://www.doingbusiness.org/en/data/exploreeconomies/kazakhstan

You can view more information on World Bank data and legal cert ifications by clicking on the hyperlink.