The Republic Of Kazakhstan – One of the World’s Best Investment Destinations
With economic ambition, political stability, natural resources and a strategic location bridging Europe, the Middle East and Asia, Kazakhstan is building on its reputation as one of the world’s best investment destinations.
As the ninth largest country in the world with a population of 17.3 million, Kazakhstan offers a wealth of opportunities for foreign companies and international investors.
KAZNEX INVEST National Export and Investment Agency (KAZNEX INVEST), is committed to attracting foreign investment into Kazakhstan. The agency delivers consulting services, initial and post-investment support and encourages companies to do business in Kazakhstan. In 2013 KAZNEX INVEST attracted thirteen investors to Kazakhstan amounting to $500 million of investment.
The agency also develops and promotes Kazakhstan’s Special Economic Zones (SEZ) which are proving to be strong growth drivers across the country.
‘We are actively creating a positive investment climate in Kazakhstan’, says Nurken Berkinbayev, Managing Director of KAZNEX INVEST. ‘There is increased interest from international investors in the opportunities within the country and today, Kazakhstan is building on its position as a country with very favourable investment conditions’.
Investors are today offered thirty per cent cash back on investments with zero per cent on a range of taxes including VAT and corporate tax for ten years. Investors are also able to bring an unlimited number of employees to work in Kazakhstan.
As the sixth largest country in terms of its mineral resources, oil and other mineral resources generate significant wealth for Kazakhstan. The Head of States objectives for the economic development of the country lie in diversifying Kazakhstan’s economy.
SEZs developed and managed by KAZNEX INVEST have directly improved the country’s investment competitiveness and strengthened key sectors of economy. Established to reduce costs and add value to domestic and multinational companies operating across the country, Kazakhstan’s sector specific SEZs today include: Atyrau – Petrochemical, Aktau – Metalwork, instrumentation, Borovoye – Tourism, Astana – Construction, Pavlodar – Chemistry, Petrochemical, Karaganda – Metallurgy and metalwork, Khorgos – Trade and logistics, Almaty – ICT and IT innovation, Taraz – Chemistry, Shymkent – Textiles.
Kazakhstan continues to actively lead the region in attracting foreign investment and KAZNEX INVEST is successfully assisting Asian investors accessing the Kazakhstan market.
Numerous bilateral trade agreements and missions to China indicate that Chinese investors will play a significant role in the future development of Kazakhstan.
Acknowledging China as one of Kazakhstan’s increasingly important partners, KAZNEX INVEST is actively engaging with the Chinese business and investment communities through its representative office in Beijing. With Hong Kong residents now able to travel to Kazakhstan ‘visa-free’ for 14 days, increased interest in Kazakhstan is expected from Hong Kong: the financial gateway to mainland China.
Future incentives and ambitious large-scale projects will continue to bring investors to Kazakhstan from China and the rest of the world. As Kazakhstan and China build on their strong ties, KAZNEX INVEST’s efforts will undoubtedly result in the ongoing prosperity of Kazakhstan.