State in-kind grants are property transferred for temporary gratuitous use or provided on the basis of the right of temporary gratuitous land use to a legal entity of the Republic of Kazakhstan for the implementation of an investment project with subsequent gratuitous transfer to ownership or land use.
State in-kind grants are offered by the authorized state body for investments in agreement with the authorized body for state property management and (or) the central authorized body for land management, as well as local executive bodies for temporary gratuitous use or on the right of temporary gratuitous land use with subsequent gratuitous transfer of ownership or land use in case of fulfillment of investment obligations under investment contract.
The basis for the gratuitous transfer of the provided state in-kind grant into ownership or land use is the decision of the authorized body for investments, which is taken no later than three months from the date of receipt of the audit report, which provides for the fulfillment by the investor of investment obligations in accordance with the investment contract concluded between the investor and the authorized body for investments .
As state in-kind grants, the following can be transferred: land plots, buildings, structures, machinery and equipment, computers, measuring and control instruments and devices, vehicles (with the exception of cars), production and household equipment.
The assessment of state in-kind grants is carried out at their market value in the manner prescribed by the legislation of the Republic of Kazakhstan.
The maximum amount of the state in-kind grant is no more than thirty percent of the volume of investments in fixed assets of a legal entity of the Republic of Kazakhstan.
If the estimated value of the requested state in-kind grant exceeds the specified maximum amount, a legal entity of the Republic of Kazakhstan has the right to receive the requested property with payment of the difference between its estimated value and the maximum amount of the state in-kind grant.