Interaction between business and government in Kazakhstan

If Kazakhstan plans at the regional and global level to create large companies that are capable of generating competition, then the country should have all the conditions and opportunities for doing business. Today, business support from the state is gaining purposefulness and greater form. Over the years of independence, about 300 billion US dollars of investments have been made in the country’s economy, of which more than 170 billion dollars have been made by foreign investors. There is a “Road Map” in the country, according to which support was provided to three thousand entrepreneurial projects worth seventy-eight billion tenge. Improving the business and investment climate is one of the priority areas of our state. Currently, Kazakhstan is one of the twenty world countries most attractive for investment. The Kazakh state is developing dynamically, has a steadily growing economy and an average income level of the population. Kazakhstan is one of the five most dynamically developing states.

The Republic of Kazakhstan is a favorable state among other CIS countries for doing business due to favorable conditions and low tax burdens for doing business. Kazakhstan leads in the number of reforms carried out by the state to simplify the conditions for doing business. The Kazakh state provides support to entrepreneurial projects. The country has introduced a bill prohibiting inspections for the first three years of business operations. Systematic work is being carried out with law enforcement agencies to reduce pressure on entrepreneurs. Currently, anyone who wants to have the opportunity to open an enterprise at any convenient time through a special Internet portal. For individual entrepreneurs, thanks to the changes made to the legislation, the frequency of tax reporting and accounting for individual entrepreneurs has been reduced. The country is introducing an electronic invoice. In Kazakhstan, favorable conditions have been created for the development of entrepreneurial activity; the Law «On Private Entrepreneurship» is in force in the country to help business, which affects the positive dynamics of interaction between business and government. Only if the government of the Republic of Kazakhstan fulfills the set of conditions set for itself, the roadmap of Kazakhstan and investment policy will acquire a great future..

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