Doing Business with Kazakhstan

Book Cover......Page 1
Title......Page 2
Copyright......Page 3
Contents......Page 4
Foreword......Page 8
Foreword......Page 9
Foreword......Page 10
Foreword......Page 11
List of Contributors......Page 12
Introduction......Page 28
Part One Background to the Market......Page 33
1.1 A Country Profile......Page 34
1.2 Economic Overview......Page 41
1.3 Foreign Investments: The Legal Framework......Page 45
1.4 The Banking System and Capital Markets......Page 54
1.5 Investment Funds and Venture Capital......Page 59
1.6 EBRD and Kazakhstan: The Second Decade......Page 65
1.7 Kazakhstan’s Foreign Investment Climate......Page 72
Part Two Market Potential......Page 86
2.1 Oil and Gas of Kazakhstan......Page 87
2.2 Oil and Gas Regulation in Kazakhstan......Page 104
2.3 The Mining and Metallurgy Sector......Page 111
2.4 Kazakhstan Utilities......Page 131
2.5 The Cement Industry......Page 137
2.6 Food and Beverages: Outlook, Issues and Trends in Kazakhstan......Page 144
2.7 Food and Beverages Case Study: Almaty Restaurants as an Arena for Future Growth......Page 154
2.8 Telecommunications Services......Page 160
2.9 Regulation of the Telecommunications Sector in Kazakhstan......Page 167
2.10 Kazakhstan IT Sector: Onrush of Technology and Lag in the Law......Page 174
2.11 The Paper Industry......Page 185
2.12 Healthcare Services......Page 191
2.13 The Medical Equipment Market......Page 200
2.14 The Agro-Industrial Complex of Kazakhstan......Page 206
2.15 The Kazakhstan Insurance Market: Emergence and Development......Page 215
2.16 Almaty Office Market Overview......Page 221
2.17 Software Copyright Protection in the Republic of Kazakhstan......Page 228
2.18 Tourism and Travel......Page 235
Part Three Getting Established: The Taxation and Legal Environment......Page 241
3.1 The Legal Framework for International Business......Page 242
3.2 Corporate Forms of Doing Business......Page 250
3.3 Corporate Tax and VAT......Page 257
3.4 Personal Income Tax and Other Taxes......Page 263
3.5 Development of the Audit Practice in Kazakhstan......Page 270
3.6 Kazakhstan and International Accounting Standards......Page 276
3.7 Regulation of the Banking Sector......Page 281
3.8 Regulation of the Securities Market in the Republic of Kazakhstan......Page 288
3.9 Protection of Investment in Kazakhstan......Page 295
3.10 Legal Incentives for Foreign Investors......Page 302
3.11 Competition Law and Anti-Monopoly Regulation......Page 309
Part Four Business Development: Operating an Enterprise......Page 317
4.1 Property Rights and Land Ownership Issues......Page 318
4.2 Dispute Resolution......Page 327
4.3 The Status of Commercial Arbitration in Kazakhstan......Page 334
4.4 Intellectual Property I: Copyright......Page 341
4.5 Intellectual Property II: Patents and Trademarks......Page 348
4.6 Employment of Foreign Citizens in Kazakhstan......Page 358
4.7 Kazakhstan’s Labour Law......Page 366
4.8 Cultural Distinctions between Kazakhstani and Western Business Practice......Page 376
Part Five Appendices......Page 385
Appendix 1 Case Study: Scot Holland Estates......Page 386
Appendix 2 Practical Procedures for Obtaining a Visa for Kazakhstan......Page 389
Appendix 3 Contributor Contact Details......Page 392
Appendix 4 Useful Web sites......Page 400
Index......Page 401
Index of Advertisers......Page 409