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Interaction between business and the state in Kazakhstan

03.09.2018

If Kazakhstan plans to create large companies at the regional and global level that can generate competition, then the country must have all the conditions and opportunities for doing business. Today, business support by the state is gaining purposefulness and greater form. Over the years of independence, about 300 billion. US dollars of investments, of which more than 170 billion. dollars by foreign investors. The country has a «Road Map», according to which support was provided to three thousand entrepreneurial projects in the amount of seventy-eight billion tenge. Improving the business and investment climate is one of the priorities of our state. Currently, the Republic of Kazakhstan is one of the twenty world countries most attractive for investment. The Kazakhstani state is developing dynamically, has a steadily growing economy and an average income level of the population. Kazakhstan is among the five most dynamically developing countries.

The Republic of Kazakhstan is a favorable state among other CIS countries for doing business due to favorable conditions and low tax burden for doing business. Kazakhstan leads in the number of reforms carried out by the state to simplify the conditions for doing business. The Kazakh state provides support to entrepreneurial projects. A bill has been enacted in the country banning inspections for the first three years of business operation. Systematic work is being carried out with law enforcement agencies to reduce pressure on entrepreneurs. Currently, anyone has the opportunity to open a company at any convenient time through a special Internet portal. For individual entrepreneurs, due to changes made to the legislation, the frequency of tax reporting and accounting for individual entrepreneurs has been reduced. The country introduces an electronic invoice. Favorable conditions have been created in Kazakhstan for the development of entrepreneurial activity, the Law “On Private Entrepreneurship” is in force to help business in the country, which affects the positive dynamics of interaction between business and government. Only if the government of the Republic of Kazakhstan fulfills a number of conditions set before itself, the road map of Kazakhstan and investment policy will acquire a great future.

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