13.02.2019
On 2 July 2018, the Law of the Republic of Kazakhstan No. 166-VI "On Amendments to Certain Legislative Acts of the Republic of Kazakhstan on Insurance and Insurance Activities, Securities Market" was adopted. Among other things, this legislative act has amended the Law of the Republic of Kazakhstan dated 13 May 2003 No. 415-II "On Joint Stock Companies" (the "JSC Law").
Mandatory labeling of
commodities and system for
monitoring
circulation thereof in Russia
On 1 January 2019 amendments to the Federal Laws “On the Basics of State Regulation of Trading Activities in the Russian Federation” and “On the Use of Cash Registers when Making Settlements in the Russian Federation”, introduced by Federal Law No. 488 – FZ of 25.12.2018, came into force, providing for the creation of a state information system for monitoring the circulation of commodities subject to mandatory labeling by means of identification, and requirements to it.
31.01.2019
Significant changes have been made to the Tax Code of the Republic of Azerbaijan by adopting Law “on Amendments to the Tax Code” dated 30 November 2018, effective as of January 1st, 2019 (“Amendment Law”).
Kazakh government should
concentrate on attracting
cross-border Islamic financing
Though Kazakhstan adopted relevant legislation for domestic (such as the governed Kazakh law) Islamic banking transactions more than seven years ago and has a Muslim population of over 11 million, Islamic finance is still in the early stages of its development and Islamic products are rarely used. According to the National Bank of Kazakhstan (NBK), as of 2018, the share of Islamic banking assets account for only 0.16% of total banking sector assets in Kazakhstan.
23.01.2019
Let us introduce you this 'Doing Business in Kazakhstan' publication prepared by GRATA International law firm. The information in the brochure is based on theoretical and practical information available as of June 2018. The content of this brochure is intended for foreign businessmen and companies seeking to do business in Kazakhstan.
23.01.2019
The following is an outline of some of the major legal developments in Kazakhstan last year, and a selection of key changes that we anticipate for business, including Islamic finance, for this year.