Amendments to Kazakhstan’s Registration Law
Key changes affect the registration and re-registration of legal entities in Kazakhstan....By: Aset Shyngyssov
View ArticleKazakhstan’s Bankruptcy Law Overhaul
Key changes proposed in the new Rehabilitation and Bankruptcy Law affect involuntary petitions for bankruptcy, invalidations, trustees' avoidance powers, debtors' dissolution, and priority of...
View ArticleKazakhstan Adopts Personal Data Protection Law
New law broadens the requirements for protecting personal data and imposes new penalties for the improper collection and processing of personal data....By: Aset Shyngyssov
View ArticleMedical Malpractice Liability: Kazakhstan Law and Practice
Liability for medical malpractice in Kazakhstan remains poorly regulated. The Kazakhstan healthcare system has recently undergone a crucial transformation, with pending reforms designed to improve the...
View ArticleKazakhstan Amends Public Procurement Rules
New rules may affect business activities conducted with state entities. On 18 January, the president of the Republic of Kazakhstan signed the law “On amendments to some legislative acts of the Republic...
View ArticleKazakhstan Amends Legislation to Improve the Investment Climate
The amendments offer an incentives package for new projects in industries of prime importance. The Law on Amendments to Certain Legislative Acts of the Republic of Kazakhstan to Improve the Investment...
View ArticleKazakhstan’s New Rehabilitation and Bankruptcy Law
The new law extends the grounds for shareholders’ liability and invalidation of transactions. On 26 March 2014, the new Rehabilitation and Bankruptcy Law (the New Law) took effect in Kazakhstan. The...
View ArticleNew Kazakhstan Law on Trade Unions and Amendments to the Labour Code
Under the new law, trade unions are limited and monitored. New Law No. 211-V of the Republic of Kazakhstan on Trade Unions, dated 27 June 2014, (the Law) has been adopted in Kazakhstan. The Law came...
View ArticleKazakhstan National Bank Tightens Banking and Price Manipulation Rules
The amendments aim to strengthen the requirements for banks’ net equity and charter capital as well as the price manipulation restrictions....By: Aset Shyngyssov
View ArticleDraft Amendments to the Kazakhstan Tax Code
The proposed amendments will affect dividends, capital gains, and VAT. A draft law amending the Kazakhstan Tax Code was introduced in July 2014 (the Draft Law). Currently, the Draft Law is being...
View ArticleKazakhstan’s Law on Legalisation of Property
Legalisation allows release from liability and legitimises the turnover of property. The Law on Amnesty of Kazakhstan Citizens, Repatriates (Oralmans), and Individuals Having Kazakhstan Permanent...
View ArticleNew Kazakhstan Permits and Notifications Law
The provisions that relate to permits and licenses were recently consolidated into one legislative act. In November 2014, the Permits and Notifications Law of 16 May 2014 (the New Law) will take effect...
View ArticleNew Kazakhstan Law on Legal Acts
The new law regulates issues relating to hierarchy, legal force, and interpretation of legislative acts. On 19 April, a new law on legal acts took effect in Kazakhstan. The new law repealed the...
View ArticleAmendments to Kazakhstan Broadcasting Law Take Effect January 2017
The changes oblige foreign TV channels to have registered representative offices. Beginning January 1, 2017, changes to the Kazakhstan Broadcasting Law will take effect that will apply to the operation...
View ArticleNew Kazakhstan Arbitration Law
The new law regulates issues relating to arbitration as a method for settlement of disputes. On 20 April, a new arbitration law entered into force in Kazakhstan (Arbitration Law) that contains a number...
View ArticleMore Items Subject to Individuals’ Mandatory Tax Reporting in Kazakhstan
On January 1, 2017, amendments affecting individual income tax reporting came into force in the Republic of Kazakhstan. Amendments to the Tax Code of the Republic of Kazakhstan (Tax Code) became...
View ArticleDirectors’ and Officers’ Liability in Kazakhstan
Directors and officers of private companies are responsible for managing and running business. This responsibility is not limited to disciplinary liability (such as termination of employment), but also...
View ArticleKazakhstan Rehabilitation and Bankruptcy Law Amendments Enhance Priority of...
The latest amendments to the Kazakhstan Rehabilitation and Bankruptcy Law were signed on April 2, 2019, and became effective from April 14. The amendments enhance the priority right of secured...
View ArticleCOVID-19 Kazakhstan Response: Currency Regulation Changes
Due to the current unstable situation in the world financial and local currency markets due to the coronavirus (COVID-19) pandemic, the National Bank of Kazakhstan has started changing currency control...
View ArticleEconomic Stabilization and Business Support in Kazakhstan During COVID-19
In response to the coronavirus (COVID-19) pandemic and the resulting economic fallout, the government of Kazakhstan has introduced several emergency measures to stabilize the country’s economy and help...
View ArticleCOVID-19 in Kazakhstan: President Signs Decree for Special Military Call-Up
In connection with the current state of emergency in Kazakhstan related to the coronavirus (COVID-19) pandemic, President Kassym-Zhomart Tokaev has signed a decree on a special military call-up in the...
View ArticleCOVID-19 in Kazakhstan: Government Resolution on Certain Immigration Issues
In connection with the current national state of emergency, Republic of Kazakhstan Prime Minister Askar Mamin signed Resolution of the Government No. 220 on Certain Issues of Entry into (Exit from) the...
View ArticleCOVID-19 in Kazakhstan: The Labor Code and Employers’ Actions During the...
The Labor Code of the Republic of Kazakhstan, No. 414-V, dated 23 November 2015 (the “Labor Code”) provides employers with the right to take certain actions towards employees in connection with the...
View ArticleCOVID-19 in Kazakhstan: Payment of Salary-Related Taxes Suspended
The Kazakhstan government has adopted a resolution that establishes the so-called “adjustment coefficient” zero to salary-related taxes and payments in an effort to stabilize the economy during the...
View ArticleInternational Technological Park ‘Astana Hub’—How to Join & the Privileges...
The International Technological Park “Astana Hub”—created in Kazakhstan in 2018—aims to create an environment for the implementation of industrial and innovative activities in the information...
View ArticleKazakhstan Issues New Rules to Fight COVID-19 Infection: What Employers Need...
While the emergency situation in Kazakhstan ceased at midnight on 11 May, the Chief Sanitary Doctor issued new Resolution No. 36 on 10 May on Further Strengthening of Measures for Preventing...
View ArticleLatest Amendments to Kazakhstan Labour Legislation
The President of the Republic of Kazakhstan signed Law No. 321-VI, On Amendments into Certain Labour-Related Legislative Acts of the Republic of Kazakhstan (Amendment Law) on 4 May....<BR />By:...
View ArticleKazakhstan Law Reduces Information Needed to Obtain Consent for Economic...
The president of the Republic of Kazakhstan recently signed the law, On Introduction of Amendments and Additions to Certain Legal Acts of the Republic of Kazakhstan on Matters Related to Improvement of...
View ArticleKazakhstan Amends Its Personal Data Protection and Informatization Laws
A new set of amendments to the Kazakhstan personal data protection and informatization laws introducing dedicated state body, new services, and terminology came into force on 7 July 2020....<BR...
View ArticleAmendments to Astana International Financial Centre and Astana International...
The amendments came into force in July 2020 and are generally positive for market participants, particularly for issuers considering cross- and dual-listings....<BR />By: <a...
View ArticleWhat Positive Changes Might New Kazakhstan Administrative Procedures Code Bring?
On 29 June 2020, the Kazakhstan president signed the new Administrative Procedures Code, which will come into effect on 1 July 2021. The Administrative Procedures Code introduces major changes in a...
View ArticleRules on Controlled Foreign Corporations in Kazakhstan May Change
The Kazakhstan Tax Code may change so that controlled foreign corporation rules will not apply to foreign persons that are residents of countries having a double tax treaty with Kazakhstan. Kazakhstan...
View ArticleLimit Smartly: Kazakhstan Renewables and Wind Power Generation Equipment...
The Kazakhstan renewables market has been gaining momentum during the last few years. Reasons for such development include (1) government support (including periodic amendments to industry laws and...
View ArticleGreen Finance: Regulatory Regime and Key Trends in the EMEA Region
In this article, we provide a high-level overview of the regulatory regime and key trends in green finance in the Europe, Middle East, and Africa (EMEA) region. This Part 1 addresses the European Union...
View ArticlePotential Changes to Taxation of Dividends in Kazakhstan
During an address to the Parliament’s Mazhilis on 11 January 2022, the president of Kazakhstan instructed the respective state bodies to “secure a strict monitoring, inspection, and control of all...
View ArticleKazakhstan Stock Exchange: Significant Change to Taxation of Dividends on...
The rules for taxation of dividends in respect of shares that are included in the official listing of a stock exchange in Kazakhstan will significantly change as of 1 January 2023....By:
View ArticleArbitration or Litigation? A Few Things to Consider
When considering a proper dispute resolution forum for a contractual arrangement between the parties incorporated or operating in different jurisdictions, the parties often tend to prefer international...
View ArticleKazakhstan Introduces New Regulation of Digital Assets
Kazakhstan President Kassym-Jomart Tokayev signed two laws on February 6: one on digital assets (the Law) and one introducing amendments to other legal acts concerning digital assets and...
View ArticleDividend Taxation in Kazakhstan: Additional Condition to Apply Double Tax Treaty
Recent changes to the Kazakhstan Tax Code introduced an additional condition for applying a double tax treaty when paying dividends in Kazakhstan. To illustrate the current regime, consider the...
View ArticleRestrictions and Prohibitions Applicable to Non-Residents in Kazakhstan
In general, foreign citizens and foreign legal entities (as well as Kazakhstan legal entities with foreign participation) have the same rights and bear the same obligations as Kazakhstan citizens and...
View ArticleKazakhstan Government Introduces Changes to Standard Form of Power Purchase...
This LawFlash summarizes key takeaways from the recent amendments by the Kazakhstan government to the standard form of the power purchase agreement (PPA) for energy-producing organizations using...
View ArticleNew Asset and Liability Declaration Requirements in Kazakhstan
Heads of legal entities, founders (participants) of legal entities, individual entrepreneurs, and their spouses are now obligated to submit declarations on assets and liabilities as of 1 January. The...
View ArticleKazakhstan and France Enter into Agreement for Cooperation in Combating...
A draft law, On ratification of the Specific Agreement between the Government of the Republic of Kazakhstan and the Government of the French Republic on Implementation of Cooperation in Combating...
View Article
