Kazakhstan introduces investment agreements

With the entry into force of the Law № 399-VI RKZ adopted on 2 January 2021, the institution of investment agreements was introduced in Kazakhstan. Its aim is to support investors in implementing investment projects in priority sectors with a value of no less than 7,5 million MCI. Investment agreements specify investment preferences available to investors, who have concluded them, and the underlying legislation provides for 25-year stabilization clause in case of a legislation change. Additionally, the law envisages a reimbursement by the state of up to 20% of the costs of construction and installation works and purchase of equipment of investment projects and envisages a simplified procedure for public procurement with entities having concluded investment agreements.

• Type:

  • Promotion and facilitation (Investment facilitation , Investment incentives)

• Industry:

  • Not industry specific

• Sources:

  • http://adilet.zan.kz/, Қазақстан Республикасының кейбір заңнамалық актілеріне экономикалық өсуді қалпына келтіру мәселелері бойынша өзгерістер мен толықтырулар енгізу туралы, http://adilet.zan.kz/kaz/docs/Z2100000399, 05 Jan 2021
  • Dentons, Kazakhstan widens support for major investors with a new legal instrument, the “Investment Agreement”, https://www.dentons.com/en/insights/articles/2021/february/15/kazakhstan-widens-support-for-major-investors-with-a-new-legal-instrument-the-investment-agreement, 15 Feb 2021