Mandates financial assurances for land allocation in investment projects
16 Dec 2024
On 2 December 2024, Kazakhstan amended the requirements for investors seeking local authorities' consent for land allocation in investment projects, as outlined in Order No. 11-1-4/664. Under the new provisions, investors must provide financial statements demonstrating annual turnover for the past three years, documentation of access to credit lines or borrowed funds (including intra-group loans), and securities such as bank guarantees or sureties.
The requirements for confirming an applicant's financial capability to implement an investment project in Kazakhstan vary based on the investment amount: at least 50 per cent of costs for investments between $7.5 million and $56 million; 15 per cent for investments up to $56 million; 5 per cent for projects exceeding $56 million.
Order No. 11-1-4/664 entered into force on 16 December 2024.
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Entry and establishment (Access to land)
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