investment climate in kz chicago 20_july11
DESCRIPTION
Silk Road Conference, Chicago, USA, 2011TRANSCRIPT
Linkage & Mind Kazakhstan Law Firm
Investment Climate
in Kazakhstan
KazCham
Chicago, July 2011
9 largest country
Doing business 59 of 183
$169 bln GDP
$10,820 per capita
3% minerals
$5,021 per capita FDI
GDP GROWTH 7% in 2010
Export -$43,2 bln
Import -$28,4bln
2010
Export of Oil-$30 bln
Import:$5,4 bln – machinery
$4.5 bln – steel articles$2.8 bln - fuel
State support – $2.6 bln by 2014
Grain – 13 mln tons(2010)
Internal market – $2.5 bln
KazAgro
13 of 70 Mining countries
Zinc, Aluminum, Potassium, Copper
Importers: China & South-East Asia
Tau Ken Samruk
60 power stations
85.5% coal
8.9% hydro
5.2% gas
0.4% renewal (up to 4%)
KEGOK
Basis of the Economy
5.3 mln tonn in 1Q2010
Kashagan, Tengiz
KazMunaiGas
130 residential projects
$1.4 bln State support
232 Licenses repelled
Basis-A, Capital Partners, KazStroy
Agency for Construction
80% State owned
1,204 Hospitals & 3,463 Outpatient rooms
$400 - 700 mln Drug market
100 Foreign companies’ ranches
Ministry of Public Health
$500 Average salary of a person
45% Consumption - Almaty
Gros, Ramstore, Silk Way City, Interfood, Skif Sauda, SM market
Chamber of Commerce, Atameken
Authorized representative
Electronic declaration
Special declaration
20% - Corporate income tax (15%-2014)12% - Value Added Tax (VAT)Excise tax Subsoil use taxesIndividual income tax – 10%Social tax – 11%Other
Russia: CIT 20%, VAT 18%
Belarus: CIT 24%, VAT 20%
Taxes only in
USA
KZ-USA Double tax
treaty (Art. 6)
No permanent
establishment in KZ
Astana – New City(construction materials, business)
Marine port Aktau(naval transportation, marine freight) Ontustyk
(textile industry,agriculture)
IT-Park ‘Alatau’(hi-tech, software)
SEZ companies are exempt from corporate, land and property & value-added taxes.
Petrochemical Park(petrochemical industry)
Atyrau
Burabay
Burabay(tourism cluster)
Ministry of Industry & New Technology –www.mit.kz
Samruk-KazynaNational Welfare Fund
www.samruk-kazyna.kz
‘KazAgro’ National Holding
(www. nhkazagro.kz)
Development Bank of Kazakhstanwww.kdb.kz
National Export and Investment Agency
‘KAZNEX INVEST’www.kaznex.kz
National Innovation Fundwww.nif.kz
Investment Fundof Kazakhstan
www.ifk.kz
Investment Portal‘Kazinvest’
www.kazinvest.kz
SME Development Fund ‘DAMU’www.damu.kz
Yuliya Daurova, LLMExecutive Director
Kazakhstan Chamber of Commerce in the USA (KazCham)
www.kazcham.com
PartnerLinkage & Mind
Kazakhstan Law Firm369 Lexington Ave, 2nd flNew York, NY, USA 10017
T + 1 (646) 461 8105F + 1 (508) 448 8105
*not admitted in the USA
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