Trade route revival
A changing global geopolitical environment and China’s ambitious investment strategies are bringing resource-rich countries of Central Asia, the Middle East and North Africa closer to Beijing
Amendments to the Tax Code of the Republic of Kazakhstan
On 12 July 2022 a number of amendments to the Tax Code of the Republic of Kazakhstan (the ‘Tax Code’) was introduced. Below you may find the most significant of them, which with certain exceptions come into effect on 1 January 2023.
The Healthcare Law Review: Kazakhstan
The covid-19 pandemic highlighted the need to develop healthcare in Kazakhstan, in particular by increasing the number of healthcare facilities, modernising the existing ones and providing them with modern equipment, and by improving skills of healthcare personnel.
11.08.2022
The Renewable Energy Law Review provides an in-depth overview of the policies, legal structures and state of play in the renewable energy industry globally. It offers a wide-ranging guide to the legal frameworks and current status and challenges in structuring, financing and investing in renewable energy projects in key jurisdictions worldwide.
02.08.2022
Kazakhstan, together with Russia, Belarus, Armenia and Kyrgyzstan, is a member of the Eurasian Economic Union, within which a coordinated economic policy is pursued and the freedom of movement of goods, capital and labor is ensured. Citizens of the member states of the Eurasian Economic Union do not need to obtain permits to work on the territory of Kazakhstan
The Energy Regulation and Markets Review
Kazakhstan is a major producer of all fossil fuels (coal, crude oil and natural gas) and of uranium. Revenues from oil exports make up the bulk of Kazakhstan’s budget, therefore Kazakhstan is now seeking new routes for the export of oil to Europe bypassing Russia.
25.07.2022
In a period of unprecedented geopolitical turbulence and associated financial and logistical challenges, many entrepreneurs are considering relocating their businesses to more politically and economically stable jurisdictions. An alternative to the countries of the European Union and offshore countries can be rapidly developing member states - Armenia, Azerbaijan, Georgia, Kazakhstan, the Kyrgyz Republic, Tajikistan and Uzbekistan.
Electronic invoices verification upon export of goods to Russia
The Pilot project is aimed at controlling movement of the sanctioned goods from Kazakhstan to Russia in order to prevent the sanction regime breach.
Banking Regulation Review
Events in 2021 resulted in the Kazakh economy, in particular the financial sector, having to face the combined challenge of a continued reduction in oil prices and new strains of covid-19. However, according to the Agency for Regulation and Development of the Financial Market (AFR), the negative impact of these challenges on the Kazakh banking sector was not as severe as expected, and in 2021 banking sector started gradually to recover.
11.05.2022
If you are interested in establishing a presence in a new market, restructuring your current operations, or expanding the geographical coverage of your business, the jurisdictions of Caucasus and Central Asia could offer a great potential from economic and legal standpoints. The region is strategically located between Europe and Asia, offering a unique position for companies who do business in both markets.