Kazakhstan Announces Tax Breaks For Investors

By ExpatBriefing.com Editorial 07 May, 2014

Kazakhstan plans to boost investment with a number of new incentives, including a ten-year exemption from corporate income tax for investors, according to the Ministry of Economy and Budget Planning.

The head of the ministry, Erbolat Dossaev, announced the tax break at the opening of the 47th annual meeting of the Asian Development Bank.

The package of incentives also includes a plan to establish a visa-free regime, whereby investors from developed nations will be able to stay in Kazakhstan without a visa for 90 days. Other key incentives include government subsidies to partially cover investors' costs, and changes to the law to make it easier to hire foreign employees.

There is also a proposal to establish an investment ombudsman to protect the rights of investors.

Tags: Tax | Investment | Foreign Direct Investment (FDI) | Law | Employees | Corporation Tax | Kazakhstan | Services | Expats | Visas And Passports | Other | Economy |


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