Investment Attractiveness Survey: Investment incentives in Kazakhstan

General information

1. What is your company’s primary sector of activity?

Advanced Manufacturing & Mobility

Business Services

Financial Services

Health Sciences & Wellness

Hospitality

Media & Entertainment

Oil & Gas

Power & Utilities

Real Estate & Construction

Retail & Consumer Products

Technology & Telecommunications

Other (please specify)

2. Do you use any investment incentives?

Yes, we participate in investment programs under one of the following programs (please choose all applicable from the list below):

investment contract

investment priority contract

special investment contract (Special Economic Zone)

special investment contract (Free warehouse)

special investment contract (Contract on manufacturing of vehicles)

Tax incentives for industrial buildings and constructions under Article 274 of the Tax Code

Investment tax credit under Article 49-1 of the Tax Code

Other (please specify)

We are in process of application for investment incentives (please specify):

No (please specify the reason)

we considered available incentives and decided not to apply

we considered available incentives but could not conclude an agreement

we did not consider using any incentives

we have not heard of such incentives

If answer to Question 2 is “No”:

Types of investment incentives and awareness

1. Do you plan significant investments in creating new production facilities or upgrading existing production in Kazakhstan?

Yes

No

Not sure

2. If yes, are you considering concluding an investment contract/agreement?

Yes, we plan to participate in the following programs (please choose all applicable from the list below):

investment contract

investment priority contract

special investment contract (Special Economic Zone)

special investment contract (Free warehouse)

special investment contract (Contract on manufacturing of vehicles)

Tax incentives for industrial buildings and constructions under Article 274 of the Tax Code

Investment tax credit under Article 49-1 of the Tax Code

Other (please specify)

No, because:

We did not find investment incentives suitable for our business

We did not review this opportunity

It is not important for our business

3. If yes, how much money are you looking to invest?

4. If yes, what type of project are you looking to invest? Please specify (if confidentiality allows).

If answer to Question 2 is “Yes”:

Assessment of the application of investment incentives

1. Whether available investment incentives affected your choice for investment in Kazakhstan?

Yes

No

Our decision was not affected by presence of investment incentives

2. Whether you encountered any difficulties during application of investment incentives (please choose all potential problem areas applicable from the list below)?

Analysis/assessment of applicability of investment incentives to your business

Process of application for investment contact/ agreement

Preparation of documents for application (e.g., business plan, feasibility study, etc.)

Drafting of the investment contract/ agreement

Compliance with the rules for application of investment incentives

Negotiation with the government authorities during the application process, obtaining clarifications, etc.

Other (please specify)

3. Whether you encountered any difficulties during execution of investment incentives?

Unclear regulations of investment activities and the procedure/rules for obtaining and applying investment incentives

Challenges with interpretation of tax incentive calculation rules

Difficulties in application of customs investment incentives to the imported goods

Difficulties in providing a list of harmonized system (CN FEA) codes of goods to conclude an investment contract

Other (please specify)

4. Are you aware of customs incentives for holders of free warehouse and special investment contract to goods produced from foreign raw materials and materials?

Yes, we have considered them for application

Yes, but we did not consider their application in practice yet

No

5. If answer to Question 4 is “Yes, but we did not consider their application in practice yet”: Could you please specify the reason of the decision not to apply customs incentives for holders of free warehouse and special investment contract?

6. Have you engaged external advisor for assistance in choosing and execution of investment incentives?

Yes, as we encountered challenges in choosing or execution of investment incentives

No, there is enough information in open source for managing process of choosing and application of investment incentives on our own

Other (please specify)

Assessment of the application process

7. Whether application of investment contract/agreement helped you achieving your commercial goals?

Yes

No

Can’t say

Could you please provide your comments on the above?

8. Are you satisfied with the terms of the applied investment contract/agreement?

Yes

No

Can’t say

Could you please provide your comments on the terms of the applied investment incentives and investment contract/agreement and how this terms could be improved (if necessary)?

9. Are the terms and obligations of the investment contract/agreement clear and transparent to you?

Yes

No

Can’t say

Could you please provide your comments on the above?

10. Would you say that your rights and interests as an investor are protected under the investment contract/agreement?

Yes

No

Can’t say

Could you please provide your comments on the above?

11. Whether Kazakh Invest provided support/assistance in choosing the investment contract/agreement?

Yes

No

Can’t say

Could you please provide your comments on the above?

12. Are you satisfied with the involvement of Kazakh Invest in the process of choosing, application and signing of the investment contract/agreement?

Satisfied

Not satisfied

Can’t say

Could you please provide your comments on the above?

13. Did Kazakh Invest provide support and assistance during the execution of the investment contract/agreement?

Yes

No

Can’t say

Could you please provide your comments on the above?

14. Whether you are satisfied with the process of interaction with the tax or customs authorities on issues related to investment incentives?

Yes

No

Can’t say

Could you please provide your comments on your interaction with the tax or customs authorities and how it could be improved?

15. Whether you are satisfied with the current legislation regulating investment incentives?

Yes

No

Can’t say

Could you please provide your comments on the current legislation regulating investment incentives and how it could be improved?

Recommendations

16. Based on your opinion, could you please list any suggestions which could improve investment attractiveness of Kazakhstan for foreign and local investors (please select all applicable)?

Introduction of tax incentives for Research & Development activity

Improvement of existing investment incentives

Improvement of support from Kazakh Invest

Improvement in legislation (e.g., tax, customs)

More detailed guidelines for investors on available investment incentives and information on their application

Improvement in the process of interaction with tax or customs authorities

Other

Could you please provide details for your answer above?

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