Kazakhstan

Want to set up a firm in Kazakhstan? We can assist you in starting a business or in buying a shelf company in Kazakhstan with a full package of necessary documents, legal advice and follow-up support. Incorporation of a firm in Kazakhstan includes provision of a registered office (for at least 1 year in any of our service plans), an apostilled set of constitutional documents, secretarial services and assistance with compliance fee and pre-approval for opening an account in banks of Kazakhstan. The total price of company registration in Kazakhstan includes all necessary fees and charges for the first year of operation, as well as full one-year nominee service (package Optimum).

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Service packages Legislation Tax System Audit Services
Service packages
Express
Standard
Optimum
Company registration
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Legal address per year
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Secretarial services for the first year
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Fees and duties for the first year
+
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Apostilled bound set of incorporation documents
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Compliance fee
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Nominee service per year
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Bank Account Pre-approval
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Price
3 400 USD

3 400 USD

3 900 USD

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Corporate information

Legal System

Kazakhstan belongs to the Romano-Germanic legal family. This presupposes the existence of written law: universally binding legal rules formulated in the legislative acts of a state.

The main sources of law in Kazakhstan are the following enactments:

  • legislative acts;
  • subordinate acts.

Types of Entities

The legislation of Kazakhstan provides for the following forms of doing business:

  • Joint Stock Company;
  • Limited Liability Partnership (LLP);
  • Representative Office;
  • Branch.

Incorporation of an LLP

The LLP is analogous to the Russian LLC; it is the most common form of doing business in Kazakhstan.

Incorporation

To register a limited liability company in Kazakhstan, it is necessary:

1. When registering a company, one must submit several company names to be checked.

The check for availability of proposed names takes 24 hours from receipt of the request.

2. Submitting an application for registration of a company in Kazakhstan.

The registration authority of the Republic of Kazakhstan has made all company registration procedures electronic, so all individuals who are members 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.

3. It is also necessary to provide the following documents:

  • 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 source of origin of funds for business.

4. Assessment of the application for registration.

5. Obtaining a Certificate of Incorporation.

Incorporation of a company takes 10 business days.

Restrictions on LLPs

There are restrictions on types of business: a company is prohibited from engaging in consulting, or providing agency services.

Registered Office

A registered office in the country is mandatory.

Seal

There are no statutory requirements for a company to have a seal. LLPs can operate without one.

Redomiciliation

Redomiciliation is not permitted by the laws of Kazakhstan.

Company Structure

Director

An LLP has at least 1 director.

A director can be either an individual or a legal entity.

Shareholders

An LLP has at least 1 founder.

A founder can be either an individual or a legal entity.

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

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

Beneficial Owner

Kazakhstan is currently considering draft legislation that would require legal entities to disclose and keep records of their beneficial owners.

Share Capital and Shares

The minimum authorized capital of an LLP is currently equal to 100 MCIs (Monthly Calculated Index), which now makes KZT 306,300 (2022).

By the time of registration, 25% of the authorized capital must be paid up.

Core Services

Incorporation

Price3 300 EUR

Incorporation of an LLP; full package of documents + seal; obtaining an IIN (individual identification number) for one applicant; obtaining an EDS (electronic digital signature) for one applicant; support of the procedure by the attorney

IIN + EDS for each additional member

Price550 EUR

Office rent

Pricefrom EUR 110 per month

Registered office address; locating an employee in one room

Opening a local bank account

Price3 030 EUR

Opening a local bank account

Nominee Director

Paid-up “nominee director” set includes the following documents

Nominee Shareholder

Paid-up “nominee shareholder” set includes the following documents

Compliance fee

Compliance fee 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 / BO (except the change to a nominee director / shareholder)

Basic

Price250 USD

simple company structure with only 1 physical person

For legal entity in structure under GSL administration

Price50 USD

additional compliance fee for legal entity in structure under GSL administration (per 1 entity)

For legal entity in structure not under GSL administration

Price100 USD

additional compliance fee for legal entity in structure NOT under GSL administration (per 1 entity)

For client with high risk Status

Price350 USD

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