The Prime Minister of Kazakhstan

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Requirement for share capital cancelled and terms of business registration reduced to 1 hour for entrepreneurs in Kazakhstan - NEM RK

20 January 2015, 21:44

Kazakhstan has reduced the terms of registration of business enterprises to 1 hour and eliminated the requirement of the authorized capital, Vice minister of National Economy of Kazakhstan Timur Zhaksylykov has said today at a briefing in the CCS.

He added that the requirement of stamp is also abolished.

At the same time Deputy Minister noted that the procedure of liquidation is significantly simplified. In this regard, the taxpayer has the right to choose liquidation: through tax authority check or through auditing organization.