Oil & Gas Comparative Guide 2024: Kazakhstan
GRATA International Partners Yerbolat Yerkebulanov and Leila Makhmetova, as well as Senior Associate Lyazzat Zhilkibagarova, participated in the preparation of the Kazakhstani chapter in Oil & Gas Comparative Guide by Mondaq
05.02.2024
Issues of sanctions and countersanctions have been one of the main topics for discussion during the last 3 years. Belarus followed Russia and adopted the list of so called “unfriendly states” by the Resolution of the Council of Ministers of the Republic of Belarus "On the List of Foreign States Committing Unfriendly Acts against Belarusian Legal entities and/or Individuals"N209 dated 06.04.2022.
29.05.2023
The information herein is based on theoretical and practical information available as of April 2023. The content of this publication is intended for foreign businessmen and companies seeking to do business in the Republic of Kazakhstan. In particular, the brochure allows you to learn about the main forms of doing business in Kazakhstan, including a detailed comparison table of such forms, information on the tax structure, bankruptcy, and it also provides answers to the frequently asked questions for starting and doing business in Kazakhstan. Please note, however, that the legislation in the Republic of Kazakhstan is subject to frequent changes.
28.03.2023
Tremendous mineral reserves, agricultural endowments, and proximity to Asia’s vast markets make Mongolia an attractive destination for medium to long-term foreign direct investment (FDI). The Gross Domestic Product (GDP) in Mongolia is worth 10.4 billion US dollars as of September 2021 according to the national statistics of Mongolia.
Introduction of law of Mongolia on licensing
The State Great Khural (the Parliament) approved the revised version of the Law on Licensing on June 17, 2022 and shall become effective from 01 January 2023. Member of Parliament H. Gankhuyag worked as a leader of the working group on this draft law
The list of commodities the advertising which is prohibited has been expanded
As per the Resolution of the Cabinet of Ministers dated 4 April 2022, the “List of commodities the advertising of which is prohibited” approved by the Resolution of the Cabinet of Ministers #414 dated 17 October 2016 has been expanded.
Draft law on Licensing
A working group has been established by Resolution No.38 by the Chairman of the State Great Khural (the Parliament) dated 2021 with responsibilities of preparing the draft law on Licensing which was submitted by the Government, approving the license list and other draft laws submitted together with it for discussion at the plenary session, and drafting proposals.
Legal alert: update of procedures for issuance of visa, visa permit, and residence permit of Mongolia, their service fee
The Law of Mongolia on the Legal Status of Foreign Nationals (2010) has been amended in accordance with the Law on Amendment to the Law on the Legal Status of Foreign Nationals, dated December 31, 2020. Following the amendments, the Visa Issuance Procedure of Mongolia, Procedure for Residence of Foreign Nationals in Mongolia and their Registration, and Visa Service Fee have been revised.
21.06.2021
The information herein is based on theoretical and practical information available as of April 2021. The content of this publication is intended for foreign businessmen and companies seeking to do business in the Republic of Kazakhstan.
Franchise regulations in Mongolia
There are several ways to start a business, including finding and running a new business, buying an existing business, or buying a franchise, etc. Nowadays, buying a franchise is the most commonly used form. Under a franchise agreement, a franchisor undertakes to grant to the franchisee a license established in accordance with the procedure, for the use of its intangible assets such as the firm's name, trademarks or service marks, industrial design, packaging, as well as business management systems, planning, communications, and principal guidelines on the procurement of goods and services.
Legal Alert: Temporary procedure for determination of level of the Covid-19 pandemic
The Government of Mongolia has approved a “Temporary Procedure for Determination of the Level of COVID-19 Pandemic and Regulation of Activities of Government organizations, Individuals and Legal Entities” on 21 February 2021.
Legal alert: updates on measures against Covid-19 pandemic
The Capital city of Mongolia (Ulaanbaatar) has shifted to higher level of preparedness from 11 January 2021 until 31 March 2021 and the Governor of the Capital City decided to open the activities of all kinds of manufacture, trade, and services except