Investment Guides
Subtitle: Kazakhstan 1998
By: Organisation for Economic Co-operation and Development
Series: Investment Guides; Investment guides
Publisher: OECD Publishing
Published: 1998
Place of publication: Paris
Language: eng
Format: [electronic resource] /
Number of pages: 164
ISBN-13: 9789264163546
Subjects: Finance and Investment; Industry and Services
Description: Since 1991, Kazakhstan, which is one of the two largest Central Asian republics, had attracted foreign direct investment worth US$4 billion by 1998. Whilst most of this investment has been in the energy and mineral sectors, there are also significant opportunities in other sectors of the economy. The Investment Guide for Kazakhstan has been prepared with three objectives in mind: firstly, to identify areas of opportunity for foreign investors; secondly to provide information about the historical, political, economic, financial and legal framework; and thirdly to help foreign direct investors from OECD Member countries draw balanced conclusions about the investment climate. The overview chapter contains constructive policy suggestions on the future attraction of foreign investment for the attention of the Government of Kazakhstan.
Table of contents: title: FOREWORD; title: PREFACE by Mr Oraz Jandosov First Deputy Prime Minister of the Republic of Kazakhstan; title: OVERVIEW; title: Introduction; title: Benefits and risks; title: Policy recommendations; title: Chapter 1. GENERAL INFORMATION; title: 1.1 Geography; title: 1.2 History; title: 1.3 Population; title: 1.4 Political system; title: 1.5 International relations; title: Chapter 2. THE ECONOMY; title: 2.1 Introduction; title: 2.2 The structure of the economy in 1991; title: 2.3 Economic performance since independence; title: 2.4 Economic indicators; title: 2.5 Economic developments; title: 2.6 Structural reforms; title: 2.7 Outlook; title: Chapter 3. FOREIGN INVESTMENT LAW AND THE STATE INVESTMENT COMMITTEE; title: 3.1 Introduction; title: 3.2 The Foreign Investment Law (27 December 1994) (as amended); title: 3.3 Law on State Support for Direct Investments (28 February 1997); title: 3.4 The State Investment Committee; title: 3.5 Conclusion; title: -Appendix LIST OF PRIORITY SECTORS; title: Industrial infrastructure; title: Processing industry; title: Establishments in Astana; title: Housing, establishments of social sphere and tourism; title: Agriculture; title: Chapter 4. FURTHER LEGISLATION RELEVANT TO FOREIGN INVESTMENT; title: 4.1 Introduction; title: 4.2 The Civil Code (27 December 1994) (as amended); title: 4.3 Corporate law; title: 4.4 Joint stock companies; title: 4.5 Limited liability partnership; title: 4.6 Full partnership; title: 4.7 Kommandit partnership; title: 4.8 Additional liability partnership; title: 4.9 Branch and representative offices; title: 4.10 Registration requirements; title: 4.11 Securities law; title: 4.12 Decree Concerning Privatisation (23 December 1995) (the "Law on Privatisation"); title: 4.13 Competition law; title: 4.14 Edict Concerning Special Economic Zones (26 January 1996) (the "Law on Special Economic Zones"); title: 4.15 Employment law; title: 4.16 Edict Concerning Customs Business (20 July 1995) (as amended) (the "Customs Code"); title: 4.17 Law on Currency Regulations (24 December 1996) (as amended) (the "Currency Law"); title: 4.18 Edict Concerning Banks and Banking Activities (31 August 1995) (the "Law on Banking"); title: 4.19 Property and security interests; title: 4.20 Edict Concerning on Bankruptcy (3 January 1997) (the "Law on Bankruptcy"); title: 4.21 Edict Concerning Languages (11 July 1997) (the "Law on Languages"); title: 4.22 Conclusion; title: Chapter 5. TAXATION; title: 5.1 Introduction; title: 5.2 Foreign legal entities; title: 5.3 Foreign investment law; title: 5.4 Federal taxes; title: 5.5 Local Taxes and fees; title: 5.6 Obligatory allocations and payments; title: 5.7 Customs regime; title: 5.8 Individual taxation in Kazakhstan; title: Chapter 6. ACCOUNTING; title: 6.1 Background; title: 6.2 The legislative context; title: 6.3 Kazakhstan accounting standards; title: 6.4 Kazakhstan chart of accounts and book-keeping; title: 6.5 Audit requirements; title: 6.6 The accounting and audit profession; title: Chapter 7. OPPORTUNITIES FOR INTERNATIONAL INVESTORS: - THE ENERGY SECTOR; title: 7.1 Introduction; title: 7.2 Resources, production, potential; title: 7.3 The state of the oil and gas sector and funding needs; title: 7.4 Legal and regulatory framework; title: 7.5 The legal status of the Caspian Sea; title: 7.6 Foreign investment in the oil and gas sector; title: Appendix 1 1997 OIL AND GAS PRODUCTION PLANS BY FIELD, Thousand tonnes; title: Appendix 2 KAZAKHOIL SHAREHOLDINGS; title: Chapter 8. OPPORTUNITIES FOR INTERNATIONAL INVESTORS; title: 8.1 Introduction; title: 8.2 Transport sector; title: 8.3 Telecommunications; title: 8.4 Power industry; title: 8.5 Light industry; title: 8.6 Chemical industry; title: 8.7 Ferrous metal industry; title: 8.8 Non-ferrous metal industry; title: 8.9 Precious metals; title: 8.10 Construction and construction materials industry; title: 8.11 Tourism and hotels; title: 8.12 Agriculture and food processing; title: 8.13 Financial sector; title: 8.14 Investment in the capital market; title: Chapter 9 ASSESSMENT: THE VIEWS OF INVESTORS; title: 9.1 Introduction; title: 9.2 Findings of the survey; title: 9.3 Conclusions of the survey; title: 9.4 Comments; title: 9.5 General conclusion; title: Annex 1 MINISTRIES AND GOVERNMENT AGENCIES; title: Annex 2 OECD MEMBER COUNTRY EMBASSIES IN KAZAKHSTAN; title: Annex 3 DIPLOMATIC MISSIONS IN FOREIGN COUNTRIES