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Special investment project

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Special investment project

Special investment project is an investment project implemented by a legal entity under the laws of Kazakhstan, registered as a participant in a special economic zone or an owner of a free warehouse in accordance with the customs legislation of the Republic of Kazakhstan, and (or) acquired from a participant in a special economic zone or implemented by a legal entity of the Republic of Kazakhstan Kazakhstan, which concluded an agreement on the industrial assembly of motor vehicles or on the industrial assembly of agricultural machinery and (or) its components

Special investment contract is an agreement providing the investment preferences for a special investment project;

The following preferences are provided within the special investment project:

1) Exemption from of import  customs duties (link to the Customs Code);

2) Exemption of imports of raw materials and (or) materials under a special investment contract from value added tax in accordance with the Kazakhstan tax legislation.

Exemption from customs duties on used raw materials and (or) materials imported by legal entities registered under Kazakhstan laws as part of implementation the special investment project on the basis of a special investment contract is carried out upon completion of the customs procedure of a free customs zone or free warehouse, provided that such raw materials and materials are identified in received product and recognition of the intended use of conditionally released goods.

For the purposes of applying investment preferences for a special investment project in accordance with the Kazakhstan legislation, a legal entity registered under Kazakhstan laws must meet one of the following conditions:

1) Kazakhstan legal entity is registered as a participant in a special economic zone in accordance with the Kazakhstan legislation on special economic and industrial zones;

2) Kazakhstan legal entity is registered as an owner of a free warehouse in accordance with the Kazakhstan customs legislation;

3) Kazakhstan legal entity has entered into an agreement on the industrial assembly of motor vehicles and (or) their components, or an agreement on the industrial assembly of agricultural machinery and (or) its components.