Company Registration in Kazakhstan: Forming a Limited Liability Partnership (LLP). Service offer

The Registration Chamber of the Republic of Kazakhstan has made all company registration procedures electronic, so all individuals in companies are required to obtain an IIN (individual identification number) and an EDS (electronic digital signature), in order to go through the first stage of logging into the system and sign the application.

The EDS is linked through a local mobile number, i.e. each applicant will also get a local telephone number. This telephone number will later also need to be given to the bank for account opening.

For quick communication with government authorities, the company itself will also need to get an EDS.

An LLP has at least 1 director and at least 1 founder.

The director and the founder can be individuals and legal entities.

Founders that are legal entities are subject to restrictions on the size of their shareholding – no more than 25%.

If all members and employees of the company are citizens of EAEU countries (Armenia, Belarus, Kazakhstan, Kyrgyzstan, and Russia), a work permit is not required.

The registration of a company takes 10 business days.

Given the additional work of registering with tax authorities and obtaining an EDS, as well as opening an account, our initial estimate would be 4 weeks in total.

• when registering a new company: several names to be checked. The check of the name’s availability for registration takes 24 hours from receipt of the request;
• notarized copies of the internal and international passports of the directors / founders;
• notarized power of attorney for a representative in Kazakhstan enabling to freely interact with government authorities and the bank;
• detailed description of the company’s business;
• information about the geography of business;
• information about the occupation of directors / shareholders / attorneys / beneficial owners;
• information about the origin of funds for business;
• identity can be verified during a visit to our company’s office or via a video call.

If these documents are not available, a new list will be agreed separately with your GSL consultant.

The Republic of Kazakhstan offers tax benefits for small businesses incorporated in the form of LLPs.

The corporate income tax rate under the simplified taxation regime is 10% of the total turnover within one financial year.

It is also necessary to comply with turnover restrictions – not more than EUR 140 000 every 6 calendar months.

Accounts are submitted twice a year; corporate income tax is also paid twice a year.

Companies that do not comply with these restrictions are subject to the standard corporate income tax rate of 20%. Accounts are submitted quarterly.

You will be provided with a turnkey offer for accounting, preparation of financial statements and interaction with local tax authorities.

VAT registration is mandatory for all companies if their turnover has exceeded EUR 180 000 from the beginning of the calendar year.

The standard VAT rate is 12%.

It is payable in the cases of renewal of a company, liquidation of a company, transfer out of a company, issue of a power of attorney to a new attorney, change of director / shareholder / beneficial owner, except the change to a nominee director / shareholder. The company registration cost already includes the Compliance Fee for one individual in the structure.

*The fees are valid as of May 2023. The prices do not include 20% VAT. A full calculation can be made after an exact order is placed and all options required for registering a company in each case are assessed. Please contact the consultants of GSL Law & Consulting.