investment climate in kz chicago 20_july11
DESCRIPTION
Silk Road Conference, Chicago, USA, 2011TRANSCRIPT
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Linkage & Mind Kazakhstan Law Firm
Investment Climate
in Kazakhstan
KazCham
Chicago, July 2011
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9 largest country
Doing business 59 of 183
$169 bln GDP
$10,820 per capita
3% minerals
$5,021 per capita FDI
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GDP GROWTH 7% in 2010
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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
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State support – $2.6 bln by 2014
Grain – 13 mln tons(2010)
Internal market – $2.5 bln
KazAgro
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13 of 70 Mining countries
Zinc, Aluminum, Potassium, Copper
Importers: China & South-East Asia
Tau Ken Samruk
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60 power stations
85.5% coal
8.9% hydro
5.2% gas
0.4% renewal (up to 4%)
KEGOK
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Basis of the Economy
5.3 mln tonn in 1Q2010
Kashagan, Tengiz
KazMunaiGas
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130 residential projects
$1.4 bln State support
232 Licenses repelled
Basis-A, Capital Partners, KazStroy
Agency for Construction
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80% State owned
1,204 Hospitals & 3,463 Outpatient rooms
$400 - 700 mln Drug market
100 Foreign companies’ ranches
Ministry of Public Health
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$500 Average salary of a person
45% Consumption - Almaty
Gros, Ramstore, Silk Way City, Interfood, Skif Sauda, SM market
Chamber of Commerce, Atameken
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Authorized representative
Electronic declaration
Special declaration
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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%
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Taxes only in
USA
KZ-USA Double tax
treaty (Art. 6)
No permanent
establishment in KZ
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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)
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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
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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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