The underlying legal code in Kazakhstan is civil law law. You will want to get some local advice as to how to best structure a company in Kazakhstan. Electronic signatures are permitted.
The country code KZ is for Kazakhstan and the most common company type structure in Kazakhstan is a LLP.
The average time to incorporate is 3 weeks to setup a LLP in KZ. is 0, This means you don't have any minimum share capital. The types of currencies you can use to setup your business is often KZT and any legal tender.
Yes, one is allowed to re-domicile a LLP from KZ. You are usually allowed to change the jurisdiction of the company, pending certain procedures.
There must be at least 1 shareholder. This makes it possible for you to own a LLP in KZ by yourself. Corporate Shareholders are permitted, which means you can have a legal entity as a shareholder. Foreign ownership is tolerated, up to 49% of the ownership of the LLP.
A legal entity is only required to have 1 director on the board. Furthermore, corporate directors are not permitted. Directors are disclosed publicly. There is a body of law which requires companies to hold an annual meetings of shareholders.
A registered agent is normally required, which means the company will have to pay a fee on a yearly basis, for a legal services company which can receive a service of process on behalf of the company. Furthermore, a company secretary is not a requirement.
There is an obligation to file yearly tax returns. On that note, there is oftentimes a requirement to have these accounts audited.
Thin capitalization rules are not in effect.
A corporate director is not permitted, meaning this country is not a good option if you are setting up a structure where you want to protect director liability.
The directors are disclosed in the public registry of Kazakhstan, Ministry of Justice. Shareholders are not disclosed in the Ministry of Justice.
Typically companies take 3 weeks to setup and there are 1 director(s) required and 1 shareholder(s) required at the time of incorporation.
Overall we think Kazakhstan is a ok option and have given it a score of 61 as an IO score, using the Incorporations.IO proprietary formula.
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