In recent years, more and more enterprises have begun to set up branches or subsidiaries overseas to open up markets, reduce costs and achieve globalization strategies. As an economic power in Central Asia, Kazakhstan has attracted the attention of many enterprises due to its stable political environment and preferential tax policies. So, what are the steps to register a company in Kazakhstan?
1.Determine the type of company
Before registering a Kazakhstan company, it is necessary to determine the type of company. According to the laws of Kazakhstan, there are two main types of companies registered in Kazakhstan: ***LLP) and shares***jsc). LLPs are relatively simple and suitable for small businesses or startups; JSC is more suitable for large enterprises or investment projects.
2.Preparation of documentation
The documents required to register the company include but are not limited to the following:
Articles of Association (notarized by a Kazakhstan notary public).
A valid passport and identification document of the founder.
A lease contract or proof of property at the address where the company is located.
Proof of credit standing of the founder.
Proof of payment of the registration fee.
3.Company formation
According to the relevant laws and regulations of Kazakhstan, the establishment of a company needs to be handled by the local judicial department, tax department and statistical department of Kazakhstan. During the process, you need to fill in the relevant application**, submit the documents and materials prepared above, and pay a certain registration fee. Generally speaking, after the completion of the process, the normal time for company registration is 2 working days.
4.Open a bank account
Once the registration is complete, the next step is to open a bank account. Since Kazakhstan has a multi-bank system, it is possible to open an account with a local commercial bank. When applying to open an account, you need to provide documents such as the company's registration certificate, articles of association, and the identity certificate of the company's founder.
5.Dealing with business licenses and other permits
After completing the registration and opening an account, you will also need to apply for a business license and other relevant permits to obtain legal business qualifications. For the specific process and required materials, please consult the relevant local or service agencies.
6.Register for tax and social insurance
After the registration is completed, it is also necessary to register with the local tax and social insurance authorities in a timely manner and apply for a tax identification number and social insurance number. The completion of this step will enable the company to legally pay taxes and social insurance premiums to ensure normal business operations.
These are the basic steps to register a company in Kazakhstan. It should be noted that since the specific process and required materials may vary depending on individual circumstances, it is recommended to consult a corporate service organization or lawyer before registration to ensure that the prescribed process can be handled in accordance with the prescribed process and avoid unnecessary trouble.