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Taxation of Income from Capital Gains Under New Tax Code of Kazakhstan

Anticipated to be finalized and adopted in July 2025, the new tax reforms for Kazakhstan would go into effect in January 2026. This LawFlash summarizes the taxation of income from capital gains when selling shares and...more

Investment Opportunities and Regulatory Framework in Kazakhstan

The Republic of Kazakhstan, having vast reserves of natural resources and being located at the intersection of Europe and Asia, competes for investments in the region. As such, and as laid out in this article, the government...more

Kazakhstan Amends Rules for Organizing a "One-Stop Shop" for Investors and the Procedure for Interaction in Attracting Investments

As part of its October 2024 Concept of Investment Policy of the Republic of Kazakhstan, on December 31, 2024, the acting minister of foreign affairs of the Republic of Kazakhstan issued Order No. 11-1-4/746 (the Order)...more

Amendments to the Rules for Organizing Renewable Energy Auctions in Kazakhstan

A recent order by the Acting Minister of Energy of the Republic of Kazakhstan made amendments to the rules for organizing and conducting auctions for renewable energy source projects. The order will go into effect on February...more

Kazakhstan Government Amends Rules for Investment Project Qualification for Granting Rights to Land Plots from the State

The Kazakhstan government recently amended the list of requirements that must be met by investors when applying for local authorities’ consent to allocate land plots for investment project implementation....more

Concept of Investment Policy of the Republic of Kazakhstan Approved Until 2029

On October 18, 2024, the government by its resolution approved the Concept of Investment Policy of the Republic of Kazakhstan until 2029 (the Concept). The main goals of the Concept are to attract at least US$ 150 billion of...more

Kazakhstan General Prosecution Office Introduces ‘Prosecutor’s Filter’ to Protect Investors

The General Prosecutor’s Office of the Republic of Kazakhstan issued an order earlier this year providing a proactive protection of rights and interests of investors in Kazakhstan. This LawFlash summarizes key takeaways from...more

Green Finance: Regulatory Regime and Key Trends in the EMEA Region

In this article, we provide a high-level overview of the regulatory regime and key trends in green finance in the Europe, Middle East, and Africa (EMEA) region. This Part 1 addresses the European Union (EU), the United...more

Limit Smartly: Kazakhstan Renewables and Wind Power Generation Equipment Capacity

The Kazakhstan renewables market has been gaining momentum during the last few years. Reasons for such development include (1) government support (including periodic amendments to industry laws and regulations to address...more

Kazakhstan Law Reduces Information Needed to Obtain Consent for Economic Concentration

The president of the Republic of Kazakhstan recently signed the law, On Introduction of Amendments and Additions to Certain Legal Acts of the Republic of Kazakhstan on Matters Related to Improvement of Investment Climate,...more

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