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Kazakhstan

Kazakhstan

Kazakhstan is a Central Asian country that shares a border with Russia, China, Uzbekistan, Kyrgyzstan, and Turkmenistan. Given its geographical location and access to various major strategic trading routes the country forms a major trading bridge between Western Europe and China.

The Kazakh government embraces a progressive investment policy and offers a number of investment incentives to businesses and foreign investors, including government-based programmes and agencies such as Kazakh Invest and special economic zones which enjoy special tax and legal privileges and have the required infrastructure for conducting business operations. In addition, the Astana International Financial Centre acts as a financial hub for Central Asia, the Eurasian Economic Union, the Middle East, Western China, and Europe.

Kazakhstan also faces a number of challenges, including a low level of government transparency, high inflation and a steep Central Bank key rate, the risk of secondary sanctions from the EU and US due to its economic relations with Russia, and a lack of qualified personnel. The current decline in Chinese economic growth is also a concern for the country.

Our Tenet teams in Kazakhstan combine industry expertise and extensive country-based knowledge and capabilities to help companies successfully navigate the challenges they face when doing business in the country.

We provide consulting, tax and legal, and advisory services and our overriding goals are to minimise risk, enhance operations, ensure that regulatory considerations are observed, and make companies better equipped to adapt and remain competitive, which in turn allows them to achieve their strategic goals and invest in the future.