Kazakhstan, located in Central Asia, has a rapidly growing economy that is becoming increasingly attractive to foreign investors. If you are interested in starting a business in Kazakhstan, it is important to understand the process of business registration. This article will provide an overview of the steps involved in registering a business in Kazakhstan.
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Choose a Legal Structure:
Before registering your business in Kazakhstan, you must decide on the legal structure of your company. There are several options to choose from, including a limited liability partnership (LLP), joint-stock company (JSC), sole proprietorship, and limited liability company (LLC). The structure you choose will determine the amount of liability you have as the owner, the tax you will pay, and the paperwork required for registration.
Name Registration:
The next step is to register your company name. This involves submitting an application to the Ministry of Justice of the Republic of Kazakhstan. The name must be unique and not already registered by another company. Once your name is approved, you will receive a certificate of registration.
Obtain Licenses and Permits:
Depending on the type of business you are starting, you may need to obtain licenses and permits. For example, if you are starting a restaurant, you will need to obtain a license from the Ministry of Health. If you are starting a construction company, you will need to obtain a license from the Ministry of Construction and Infrastructure Development.
Open a Bank Account:
To register your business, you must open a bank account in Kazakhstan. This will be used for tax and accounting purposes. You will need to provide documentation such as your passport, company registration certificate, and proof of address to open the account.
Register with the Tax Authorities:
After opening a bank account, you must register with the tax authorities. This involves submitting an application to the local tax office. You will need to provide information such as your company name, legal structure, and tax identification number.
Register with the Statistics Agency:
All businesses in Kazakhstan must register with the Statistics Agency. This involves submitting an application to the local statistics office. You will need to provide information such as your company name, legal structure, and the activities of your business.
Obtain a Work Permit:
If you plan on hiring foreign employees, you will need to obtain a work permit. This involves submitting an application to the local migration police. You will need to provide information such as the employee’s passport, job description, and proof of your company’s registration.
Generis Global can assist you with registering your business in Kazakhstan. Our experienced legal team can guide you through the process and ensure that all requirements are met. Contact us to learn more about how we can help you with the legal aspects of your business journey in Kazakhstan.