FOREIGN INVESTMENT \u00a0\u00b7\u00a0 KAZAKHSTAN<\/p>\n
Bond Stone advises foreign investors on sector-specific foreign ownership restrictions in Kazakhstan \u2014 identifying restricted sectors, analysing permissible ownership structures, and advising on compliance with regulatory approval requirements for acquisitions in regulated industries.<\/p>\n
Primary authority: Law “On Subsoil and Subsoil Use” No. 125-VI dated 27 December 2017; Law “On Banks and Banking Activity” No. 2444 dated 31 August 1995 (as amended); Law “On Insurance Activity” No. 126 dated 18 December 2000 (as amended); Law “On Mass Media” No. 451 dated 23 July 1999 (as amended); Entrepreneurial Code of the Republic of Kazakhstan No. 375-V dated 29 October 2015 (Chapter 25 \u2014 investor guarantees). Authority: adilet.zan.kz<\/a><\/p>\n Subsoil sector \u2014 state pre-emption right<\/p>\n Kazakhstan’s Subsoil and Subsoil Use Code No. 125-VI dated 27 December 2017 does not impose an absolute cap on foreign ownership of subsoil use companies \u2014 but the state has a statutory pre-emption right on any transfer of participatory interests in a subsoil use company. The state must be formally offered the same terms as the proposed transferee before the transfer can proceed. This applies to both direct and indirect transfers. Bond Stone manages the state pre-emption right notification process on all subsoil sector investment mandates.<\/p>\n<\/div>\n Banking sector \u2014 regulatory approval required<\/p>\n Acquisition of 10% or more of shares in a Kazakhstani bank requires prior approval from the Agency for Regulation and Development of the Financial Market (ARFM) under the Law on Banks and Banking Activity. Acquisition of 25% or more triggers enhanced regulatory scrutiny. Foreign banks may establish subsidiary banks in Kazakhstan \u2014 subject to minimum capital requirements and ARFM licensing. Branch offices of foreign banks operate under a separate licensing regime.<\/p>\n<\/div>\n Insurance sector \u2014 regulatory approval<\/p>\n Acquisition of a qualifying interest in a Kazakhstani insurance company requires ARFM prior approval under the Law on Insurance Activity. Foreign insurance companies may establish subsidiaries in Kazakhstan \u2014 subject to minimum capital and licensing requirements. The ARFM reviews the fitness and propriety of the acquirer and assesses the impact on the stability of the Kazakhstani insurance market.<\/p>\n<\/div>\n Mass media \u2014 20% foreign ownership cap<\/p>\n The Law on Mass Media No. 451 dated 23 July 1999 (as amended) limits foreign ownership of Kazakhstani mass media entities to 20%. This applies to television broadcasters, radio stations, and print publications. Foreign investors wishing to invest in the Kazakhstani media sector must structure their investment to comply with this cap \u2014 through a joint venture with a Kazakhstani partner holding at least 80%.<\/p>\n<\/div>\n Telecommunications \u2014 regulatory framework<\/p>\n The telecommunications sector in Kazakhstan is regulated by the Ministry of Digital Development, Innovation and Aerospace Industry. Foreign investors in telecommunications must obtain licences from the relevant regulatory body. There is no absolute foreign ownership cap in telecommunications \u2014 but regulatory approval is required for acquisitions of significant interests in licensed operators. Bond Stone advises on regulatory approval requirements for telecoms sector investments.<\/p>\n<\/div>\n<\/div>\n Bond Stone has advised foreign investors on investment structuring in Kazakhstan since 2007. Client confidentiality is maintained across all matters.<\/p>\n Subsoil Pre-emption \u2014 Mining Acquisition<\/p>\n Ownership \u00b7 Kazakhstan \u00b7 Mining<\/p>\n Advising a foreign acquirer on navigating the state pre-emption right in the acquisition of a Kazakhstani subsoil use company \u2014 notification procedure, Ministry of Energy timeline, and transaction structuring to manage pre-emption risk.<\/p>\n<\/div>\n Bank Acquisition \u2014 ARFM Approval<\/p>\n Ownership \u00b7 Kazakhstan \u00b7 Banking<\/p>\n Advising a foreign bank on the ARFM regulatory approval process for acquisition of a qualifying interest in a Kazakhstani bank \u2014 fitness and propriety assessment, minimum capital analysis, and approval application.<\/p>\n<\/div>\n Media Sector \u2014 Joint Venture Structure<\/p>\n Ownership \u00b7 Kazakhstan \u00b7 Media<\/p>\n Advising a foreign media company on the 20% foreign ownership cap \u2014 structuring a compliant joint venture with a Kazakhstani partner while maintaining effective operational control within the legal limits.<\/p>\n<\/div>\n Insurance Acquisition \u2014 Regulatory Analysis<\/p>\n Ownership \u00b7 Kazakhstan \u00b7 Insurance<\/p>\n Ownership restriction and regulatory approval analysis for a foreign insurance group acquiring a Kazakhstani insurance subsidiary \u2014 ARFM approval procedure and minimum capital compliance.<\/p>\n<\/div>\n Telecoms Investment \u2014 Licence Advisory<\/p>\n Ownership \u00b7 Kazakhstan \u00b7 Telecoms<\/p>\n Advising a foreign investor on regulatory requirements for investment in a Kazakhstani telecoms operator \u2014 licence transfer approval requirements and Ministry of Digital Development notification.<\/p>\n<\/div>\n Sector Restriction Screening \u2014 Market Entry<\/p>\n Ownership \u00b7 Kazakhstan \u00b7 Corporate<\/p>\n Pre-investment sector restriction screening for a foreign investor considering multiple Kazakhstani investment targets \u2014 identifying restricted sectors, applicable ownership caps, and required regulatory approvals before transaction structuring commences.<\/p>\n<\/div>\n<\/div>\n Why Bond Stone<\/p>\n \u2726 \u00a018+ years advising foreign investors on market entry and investment structuring in Kazakhstan<\/p>\n \u2726 \u00a0AIFC RLA status \u2014 English law structuring and Kazakhstani law compliance on one mandate<\/p>\n \u2726 \u00a0Ranked Legal 500 EMEA and IFLR1000 \u2014 Almaty and Astana offices<\/p>\n<\/div>\n Primary authority: adilet.zan.kz<\/a><\/p>\n Contact Bond Stone for a confidential discussion about Foreign Ownership Restrictions in Kazakhstan.<\/p>\n \ud83d\udce7 info@bondstonelaw.com<\/a> Request a Confidential Consultation<\/a> FOREIGN INVESTMENT \u00a0\u00b7\u00a0 KAZAKHSTAN Foreign Ownership Restrictions in Kazakhstan Bond Stone advises foreign investors on sector-specific foreign ownership restrictions in Kazakhstan \u2014 identifying restricted sectors, analysing permissible ownership structures, and advising on compliance with regulatory approval requirements for acquisitions in regulated industries. Primary authority: Law “On Subsoil and Subsoil Use” No. 125-VI dated 27 December […]<\/p>\n","protected":false},"author":4,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-4757","page","type-page","status-publish","hentry"],"translation":{"provider":"WPGlobus","version":"3.0.3","language":"ru","enabled_languages":["en","ru"],"languages":{"en":{"title":true,"content":true,"excerpt":false},"ru":{"title":false,"content":false,"excerpt":false}}},"_links":{"self":[{"href":"https:\/\/bondstonelaw.com\/ru\/wp-json\/wp\/v2\/pages\/4757","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bondstonelaw.com\/ru\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/bondstonelaw.com\/ru\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/bondstonelaw.com\/ru\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/bondstonelaw.com\/ru\/wp-json\/wp\/v2\/comments?post=4757"}],"version-history":[{"count":2,"href":"https:\/\/bondstonelaw.com\/ru\/wp-json\/wp\/v2\/pages\/4757\/revisions"}],"predecessor-version":[{"id":4759,"href":"https:\/\/bondstonelaw.com\/ru\/wp-json\/wp\/v2\/pages\/4757\/revisions\/4759"}],"wp:attachment":[{"href":"https:\/\/bondstonelaw.com\/ru\/wp-json\/wp\/v2\/media?parent=4757"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nKey Framework<\/h2>\n
\nExperience<\/h2>\n
\nDiscuss your Kazakhstan investment<\/h2>\n
\n\ud83d\udcde +7 (701) 729 76 72<\/a><\/p>\n
\n\u2190 Investment Incentives & SEZs<\/a>
\nProfit Repatriation \u2192<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"