What makes a country attractive for investments? A transparent legislation, a clear and an effective taxation and customs regulation system, developed infrastructure and high quality human resources. Kazakhstan is ready to offer all of these to its partners now.
Attracting foreign capital belongs to the strategic objectives of the development of the Kazakh economy. Foreign direct investments that provide access to financial resources, modern technologies, management skills, innovative goods and services and directly boost the competitiveness of domestic economy, its sustainable growth and contribute to improving living standards of citizens are essential in this process. In this regard, creating favourable conditions for increasing an inflow of funds from foreign investors is one of the priority guidelines of state economic policy.
Today, comprehensive work is carried out in the country to implement the instruction of President Nursultan Nazarbayev for creating a more favourable investment climate in Kazakhstan and for achieving the developed economy status.
For example, in 2016 Kazakhstan moved up from rank 41 to rank 35 in the World Bank’s Doing Business rating. According to the National Bank of Kazakhstan, the gross inflow of foreign direct investment (FDI) amounted to more than $20 billion and increased by 40 percent compared to 2015.
Kazakh Invest acts as a common negotiator from the Government of Kazakhstan by ensuring full support for investors under “a one window” principle. The board of directors includes heads of relevant ministries and authoritative foreign consultants. It is led by the Prime Minister of the Republic of Kazakhstan. This suggests that attracting and supporting investors is a top priority for Kazakhstan.
Together with the World Bank, a National Investment Strategy is being developed. It will give a comprehensive vision and define clear coordination mechanisms for all state bodies and national companies, sequence and an algorithm of their interaction, target sources of investments and measures to further improve the investment climate in our country. Investing in Kazakhstan is easy and profitable.
The main functional duty of Kazakh Invest is to provide full support for foreign investors – from the development of idea to the commencement of production in Kazakhstan and the subsequent export. In other words, investment project support is not limited to consulting activities only, but extends up to the release and dispatch of products to consumers. Such a comprehensive approach allows us to work with each of our partners more efficiently and rationally, establishing productive cooperation.
We are open for constructive dialogue and are ready to provide the most favourable conditions for your business. Your success is in our interests.