Individual bankruptcy regulation guards the rights of creditors through insolvency proceedings. Personal bankruptcy is not criminalized, Unless of course the court docket decides the individual bankruptcy was premeditated, or rehabilitation steps had been wrongful.
A legislation on Currency Regulation and Currency Management expands the statistical checking of transactions in foreign currency and facilitated the entire process of de-dollarization.
Гражданское общество требует от Правительства соблюдения Меморандума о взаимодействии ИПДО РК и международных принципов ИПДО
All legislation and decrees with the President and The federal government can be found in Kazakh and Russian to the Internet sites on the Ministry of Justice: and . The federal government consults on some draft laws with gurus and also the company Local community; draft charges can be found for general public remark at beneath the Open up Govt segment.
People and non-residents may possibly conduct foreign currency functions, Until specified or else by local overseas forex laws. Businesses registered with AIFC usually are not subject to those currency and settlement limitations.
December 2023 amendments on the Subsoil Code eliminated many of the too much paperwork essential for participation in oil and fuel auctions, prolonged the maximum exploration interval, and authorized license applicants to apply on paper or digitally by means of minerals.gov.kz and resubmit apps after rectifying technological faults.
Besides design investment contacts for financial investment precedence tasks, the government has other kinds of investment decision agreements with several sets of Choices that depend upon the type of undertaking. Having said that, all these Choices are only obtainable for firms registered in Kazakhstan. In March 2023, the Ministry of Overseas Affairs tried to standardize also to fantastic tune guidelines for your summary, modification, and termination of some expense agreements.
Companies in priority sectors get tax and customs duty waivers, in-form grants, investment credits, and simplified perform permits for foreign team. The Investment decision Committee on here the Ministry of International Affairs and Kazakh Invest put together and indicator product expense contracts for investment decision priority tasks. Information on specifications for these model contracts are available at: . Oil companies signed five design contracts in 2023.
Secured pursuits in property (preset and non-fixed) are recognized under the Civil Code and the Land Code. Agricultural land and specified other purely natural sources may only be owned or leased by Kazakh citizens.
This is another pro evaluation that is definitely structured through the College of Gothenburg, Sweden, and also the University of Notre Dame, United states. Rather then relying on an individual expert assessor, V-DEM incorporates the sights of multiple regionally-primarily based organisations, although the identities of these organisations are not publicly disclosed.
The government didn't introduce confiscatory tax regimes or regulatory steps versus investors. Even so, when people today are indicted for embezzlement or money laundering, The federal government seizes their belongings by courtroom rulings.
The government signed on towards the Extractive Industries Transparency Initiative (EITI) in 2007. Kazakhstan produces EITI experiences that disclose revenues through the extraction of its natural resources. Providers disclose whatever they have paid out in taxes together with other payments, and The federal government discloses what it's got gained; both of these sets of figures are then compared and reconciled.
A further important SOE is the countrywide Keeping business Baiterek, which manages improvement institutions and economical corporations to assist entrepreneurship, economical housing, and food items safety. Additional information is obtainable on its Internet site: .
The federal government continued its de-monopolization coverage in 2023 and established the Asset Restoration Committee under the Prosecutor Normal’s Place of work to reduce the position of oligopolies inside the economic climate and also to consider the probable nationalization of property that the government now thinks to have already been illegally privatized. The President signed into regulation a new Regulation on Asset Restoration in July 2023.