Doing Business with Kazakhstan / Edition 3

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This third edition of Doing Business with Kazakhstan provides invaluable, authoritative and practical advice on the business and investment environment in Kazakhstan. The country has vast natural resources and one of the world's largest oil, gas and mineral deposits. Astana has embarked upon an industrial policy designed to diversify the economy away from over-dependence on the oil sector by developing light industry. The guide offers a unique opportunity to survey many of the country's vibrant sectors and provides a strong introduction to its enormous potential, including an examination of banking, finance, tax and legal issues.
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Editorial Reviews

From the Publisher

"Provides essential information as well as useful advice." -- European Access Plus
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Product Details

  • ISBN-13: 9780749439903
  • Publisher: Blue Ibex Ltd.
  • Publication date: 4/28/2004
  • Series: Doing Business with Kazakhstan Series
  • Edition description: REV
  • Edition number: 3
  • Pages: 390
  • Product dimensions: 6.20 (w) x 9.42 (h) x 1.23 (d)

Meet the Author

Dr. Marat Terterov holds a Ph.D. from St.Antony's College, Oxford. He is author of over a dozen books addressing the business environment in the former Soviet Union and the Middle East. He recently co-authored a major USAID study evaluating privatization in Egypt and, as a consultant to the UK government, has advised British companies on Uzbekistan, Kazakhstan and other countries. He speaks frequently at the Centre for International Briefing and is author of academic articles on the Middle East and the former Soviet Union. He also holds a Chevening Scholarship. He has edited over a dozen books for Global Market Briefings on foreign investment in countries of the former Soviet Union, the Balkans and the Middle East, including Russia, Ukraine, Georgia, Kazakhstan, Serbia, Croatia, Bahrain, Egypt and Libya.
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Table of Contents

Mike O'Brien
Peter Levine
List of Contributors
Map 1 Kazakhstan and its neighbours
Map 2 Kazakhstan (administrative)
Map 3 Astana
Map 4 Almaty and the surrounding area
Pt. 1 Background to the market
1.1 A country profile 3
1.2 Economic overview 10
1.3 Foreign investments : the legal framework 14
1.4 The banking system and capital markets 23
1.5 Investment funds and venture capital 28
1.6 EBRD and Kazakhstan : the second decade 34
1.7 Kazakhstan's foreign investment climate 41
Pt. 2 Market potential
2.1 Oil and gas of Kazakhstan 57
2.2 Oil and gas regulation in Kazakhstan 74
2.3 The mining and metallurgy sector 81
2.4 Kazakhstan utilities 103
2.5 The cement industry 109
2.6 Food and beverages : outlook, issues and trends in Kazakhstan 116
2.7 Food and beverages case study : Almaty restaurants as an arena for future growth 126
2.8 Telecommunications services 133
2.9 Regulation of the telecommunications sector in Kazakhstan 140
2.10 Kazakhstan IT sector : onrush of technology and lag in the law 147
2.11 The paper industry 158
2.12 Healthcare services 164
2.13 The medical equipment market 173
2.14 The agro-industrial complex of Kazakhstan 179
2.15 The Kazakhstan insurance market : emergence and development 188
2.16 Almaty office market overview 194
2.17 Software copyright protection in the Republic of Kazakhstan 201
2.18 Tourism and travel 208
Pt. 3 Getting established : the taxation and legal environment
3.1 The legal framework for international business 217
3.2 Corporate forms of doing business 225
3.3 Corporate tax and VAT 232
3.4 Personal income tax and other taxes 238
3.5 Development of the audit practice in Kazakhstan 245
3.6 Kazakhstan and international accounting standards 251
3.7 Regulation of the banking sector 257
3.8 Regulation of the securities market in the Republic of Kazakhstan 264
3.9 Protection of investment in Kazakhstan 271
3.10 Legal incentives for foreign investors 279
3.11 Competition law and anti-monopoly regulation 286
Pt. 4 Business development : operating an enterprises
4.1 Property rights and land ownership issues 297
4.2 Dispute resolution 306
4.3 The status of commercial arbitration in Kazakhstan 313
4.4 Intellectual property I : copyright 320
4.5 Intellectual property II : patents and trademarks 327
4.6 Employment of foreign citizens in Kazakhstan 337
4.7 Kazakhstan's labour law 345
4.8 Cultural distinctions between Kazakhstani and western business practice 355
Pt. 5 Appendices
App. 1 Case study : Scot Holland estates 367
App. 2 Practical procedures for obtaining a visa for Kazakhstan 370
App. 3: Contributor contact details 373
App. 4: Useful web sites 381
Index 383
Index of advertisers 391
Other titles in this series from Kogan Page 392
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