Webinar

00:00 Beginning
02:21 Starting a business in Kazakhstan – Valentin Orlov
02:57 Types of enterprises in Kazakhstan
03:33 Types of permitted activities for commercial organizations in Kazakhstan
04:51 Participants’ rights to property of commercial organizations
05:25 Business partnerships: LLP, limited partnership, JSC
06:20 Features of business partnerships
07:35 Joint-stock companies
08:55 Authorized capital of JSC, types of shares
09:25 Production cooperatives: features, obligations, and responsibilities of cooperative members
10:10 Stages and terms of company registration in Kazakhstan using LLP as an example
11:25 Choosing the name for an LLP
11:52 Determining the category of private entrepreneurship subject: micro, small, medium, large business
13:10 Selection of OKED and tax system
14:38 Preparation of constituent documents for LLP
16:30 Preparation of the application for registration of LLP, obtaining an electronic signature, registration with the tax authorities
17:30 Opening a bank account for LLP and concluding a contract for compulsory insurance
18:12 Procedure for registering LLP through the CSC (analog of MFC)
18:34 Procedure for online registration of LLP
19:15 Terms of registration of LLP
19:30 What else needs to be done after registering an LLP
20:51 Appointment of a general director of LLP in Kazakhstan
22:47 Tax administration in Kazakhstan – Inna Fedina
23:27 Law on Accounting in Kazakhstan
31:56 Tax administration in Kazakhstan. Tax service
33:40 Tax audits and control in Kazakhstan
33:55 Criteria for tax audit
34:38 Types of special tax regimes in Kazakhstan. Astana Hub, small business
37:27 VAT in Kazakhstan
40:27 Electronic invoices (ESF)
46:30 Features of payroll and personnel accounting in Kazakhstan – Irina Tikhomirova
47:02 – Payment terms, currency, and frequency of salary payments. Payslips.
50:05 – Features of employee hiring and termination.
57:03 – Payment for vacations, work on weekends and holidays.
1:02:43 – Taxation and reporting of salaries in Kazakhstan.
1:09:09 – Office in Kazakhstan. IT aspects of service migration – Alexander Moskaltsov.
1:09:50 – Features of the cloud services market in Kazakhstan.
1:13:15 – Choosing between SaaS and IaaS. Konsu experience.
1:20:35 – Finding and renting an office in Kazakhstan. Organizing IT infrastructure.
1:29:13 – 1C solutions in Kazakhstan. 1C Fresh, SaaS, IaaS, local solutions.
1:33:56 – Answers to questions.
1:34:26 – Can a foreign citizen be a director of a LLP and does he need a visa?
1:35:21 – Electronic waybills have been introduced since April 1st. Can banks block payments of LLPs if goods/services are not used in Kazakhstan?
1:37:38 – What are the consequences of the absence of accounting policies for accounting?
1:38:35 – If importing goods from Russia and exporting to Turkey, is it worthwhile to register for VAT to optimize VAT?
1:40:30 – Do business aviation services for Russian legal entities fall under sanction activities?
1:41:00 – Where to sign an electronic employment contract?
1:41:32 – Is a labor book a mandatory document?
1:42:38 – Can annual leave be divided into parts?
1:43:07 – Is the minimum wage of 70,000 tenge before tax deduction?
1:43:33 – LLP registration services in Kazakhstan.
1:44:04 – How are Microsoft licenses purchased in Kazakhstan?
1:45:50 – Under what conditions is a company subject to mandatory audit of financial statements?
1:47:58 – Does Kazakhstan have SOIDs with Russia, Turkey, and France?
1:48:30 – Under what conditions is an international transaction subject to currency control?
1:48:55 – Import from Russia – can it be credited and reimbursed from the budget?
1:50:00 – What amounts are included in the turnover limits for VAT?
1:51:40 – Can customs VAT be planned when importing goods into Kazakhstan?
1:52:25 – How difficult is it to find warehouse space in Kazakhstan? Which city has a better situation?

Do business aviation services for Russian legal entities fall under sanction activity?

Valentin Orlov: “Regular and charter flights are still maintained between Russia and Kazakhstan. Kazakhstan does not participate in sanctions against Russia, but adheres to the principle of not allowing any companies to use themselves to bypass sanctions. Sanctions imposed against Russia by “unfriendly countries” provide for a ban on the sale of aircraft, spare parts, and equipment to Russian airlines. Their insurance and maintenance are also under the ban. The ban on flights of Russian airlines over the EU and the US caused counter-sanctions to be imposed on Western companies for flights over Russia. Many foreign companies are still allowed to fly over Russia; however, even those foreign airlines that are allowed to fly to Russia are canceling flights. The problem is that insurance companies refuse to insure flights to Russia. Therefore, it cannot be said unequivocally whether the business aviation services of a specific company will fall under sanction activity: it may depend on both the company itself and its ultimate owners, as well as the customer of the service.”

What amounts are included in the VAT turnover limit?

Inna Fedina: The goods that will be imported by a Kazakhstani company from a Russian legal entity are cosmetic products. Here in Russia, this export is done at a 0% VAT rate.

Will the Kazakhstani company have to pay customs VAT when importing the goods into Kazakhstan?

Inna Fedina: When purchasing goods from EAEU countries:

1. It is necessary to issue an electronic CNT document before crossing the border with Kazakhstan. (The vehicle will not be allowed to pass if this document is not issued.)
2. When the goods arrive at the Kazakhstani company’s warehouse, we submit form 328 (an indirect tax report) and pay 12% VAT to the tax authority. Only after these two steps, we are allowed to sell our goods from the Kazakhstani company.
3. It does not matter what goods are being sold – everything is subject to a 12% tax rate.

Under what conditions is a company subject to mandatory audit of its financial statements?

Inna Fedina: Mandatory audit is required for:

1. Joint-stock companies;
2. State-owned enterprises with a supervisory board in the fields of education and healthcare;
3. Insurance (reinsurance) organizations, insurance holdings, and organizations in which an insurance (reinsurance) organization and/or insurance holding are major participants, as well as insurance brokers;
4. The unified accumulative pension fund and professional market participants in securities created in the form of a joint-stock company;
5. Large participants in the investment portfolio management;
6. In cases provided for by the Republic of Kazakhstan’s Subsoil and Subsoil Use Code, legal entities that have the right to subsoil use for operations related to the exploration and extraction of hydrocarbons or exploration and extraction of solid minerals.