If you intend to open your own commercial project in this jurisdiction, then we recommend that you pay attention to a limited liability partnership. Doing business in Kazakhstan in this form gives the entrepreneur the opportunity to take advantage of the privilege in the form of minimum rules for registration procedure. Among other things, the process of organizing and managing this company is also simple and convenient. In addition, a small tax burden is imposed on these enterprises in comparison with other forms of establishing commercial structures. Below, we’ll take a closer look at such issues of doing business in Kazakhstan: opportunities, challenges and suggestions.
According to the provisions of the legislative framework of Kazakhstan, the structure, the main purpose of which will be to make a profit from certain operations, can be established in the following forms. Thus, forms for best business in Kazakhstan are next-mentioned.
Legislation there is subject to frequent changes. That is why it is especially important to structure tax planning in a reliable way. With the help of a competent organization of this aspect, the enterprise will be able to easily cope with the constant amendments to the legislative provisions. In doing so, firms will be able to avoid the significant costs required for structural changes to the internal infrastructure of deals.
Compared to international standards, income tax there is quite low. However, the penalties for non-payment of tax fees and late filing of reports are too high. Firms pay corporate tax at a rate of 20%. VAT is 12% or zero in the case of product exports. Dividends are taxed at a variable rate of 5-15%.
If you want to start a business in Kazakhstan, please contact our specialists. We have been helping entrepreneurs establish businesses and obtain business permits in hundreds of jurisdictions for many years. We can also offer you a wide range of ready-made companies for sale. Our specialists are highly qualified and are true professionals in their field.
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The international company Eternity Law International provides professional services in the field of international consulting, auditing services, legal and tax services.