Business formation in Kazakhstan. Licenses and Dissolution

 Updated: April 28, 2023

Business formation in Kazakhstan. Embarking on a business venture in Kazakhstan demands meticulous consideration of various factors, as they profoundly influence the choice and structure of business entities. Within this chapter, we delve into the myriad opportunities presented by each business form, offering practical insights derived from our extensive experience in facilitating the establishment of commercial entities and fostering business activities for international enterprises across sectors such as subsoil exploration, pharmaceuticals, and trade. Additionally, we provide invaluable guidance on navigating the intricate landscape of license and permit procedures in a dedicated subchapter. Concluding this section, we examine the nuances associated with voluntary business dissolution, while directing readers to our comprehensive “Dispute Resolution” chapter for insights on bankruptcy analysis.

We encourage readers to explore and evaluate our publications, and should further clarification be required, we extend an invitation for complimentary additional advice.

Remember, you can initiate a dialogue with us via email or phone for preliminary legal consultations.

Crafting a robust business model and navigating legal intricacies are pivotal in laying the foundation for a successful enterprise. Our firm boasts a wealth of experience in facilitating company formations in Kazakhstan, bolstered by our adeptness in corporate litigation. Within this section, we illuminate key facets concerning the interpretation and execution of corporate law alongside related legal protocols. Additionally, we present an exclusive opinion piece on company formation in Kazakhstan, offering valuable insights and recommendations gleaned from our extensive expertise. Explore this subchapter to access our tailored guidance and firsthand knowledge.

To learn more about company formation please follow the link:  

In our preceding chapter, we delved into the legal intricacies surrounding the registration of legal entities, offering a brief overview of the advantages associated with establishing a branch or representative office. We also showcased our successful projects involving the entry of international pharmaceutical companies into the Kazakhstan market.

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Our expertise lies in providing comprehensive guidance on obtaining the Kazakhstan Investor Visa (C5), designed specifically for investors and entrepreneurs aiming to establish and grow their enterprises within Kazakhstan.

Discover hassle-free solutions for obtaining the necessary visas to facilitate your business ventures in Kazakhstan. Partner with BOND STONE Law Firm to ensure a smooth transition into the Kazakh market, backed by our deep understanding of immigration laws and commitment to your success.

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In this section, we will delve deeper into the complexities involved in registering branch and representative offices for international entities.To learn more about branch (representative) office registration please follow the link:  

In previous subchapter we tried to discover and address specificities of a company formation and branch (representative) office registration. If you have any further questions or would like to start the incorporation in Kazakhstan, Ukraine or Uzbekistan, we’ll be happy to assist you.

In the next subchapter is a brief introduction to a non-trivial issue that should be taken into consideration.

To learn more about drafting founding documents please follow the link:

In all its activities, the business undergoes all sorts of changes associated with business development, which is often associated with a change in participants, setting in motion or reducing the authorized capital.

Throughout its life time the business undergoes all sorts of changes towards business development, which is often associated with a change of shareholders, company name, increasing or reducing authorized capital. 

Keeping update the founding documents affects a number of important processes. Government agencies identify legal entities in accordance with their statistical data. These indicators include such information like category of the business, type of activity in accordance with the classifier of types of economic activity, the number of employees and other important assessment criteria that affect monitoring by state bodies.

To learn more about corporate change registration please follow the link:

Those sensitive sectors of the economy, in which national security, law and justice, environmental protection, property, life and health of citizens are in priority, are under additional administration expressed in licensure for certain types of activities in such areas like healthcare, alcohol manufacture and retail, production of tobacco products, construction, subsoil use, import and export.

Licensure is a procedure that verifies the business against qualification requirements, the presence of which predetermines the ability to render services or produce goods.

To learn more about business licenses and permits please follow the link:

The business life cycle is affected by many factors, including the unique business idea, urgency of goals and objectives, profitability, and competition. Typically, the average life-span of firms is no more than 10 years. About half of all start-ups survive five years or more and about one-third survive 10 years or more. 

In any case, if a decision is made to wind up the business, liquidation process provides for a certain procedure, deviation from which would entail incalculable consequences, and therefore, we recommend you to engage experts in this particular field.

To learn more about voluntary liquidation and dissolution please follow the link: