Company registration in Astana - Technopolis

22.03.2024

For fast communication with a consultant

Price

3200 USD

Registration period in days: 5

Overview of Astana Technopolis FEZ

Incorporating a company in Astana - Technopolis is an important decision for entrepreneurs aiming to realise innovation and technology initiatives in Kazakhstan. Established on 24 November 2017, this Special Economic Zone (SEZ) plays an important role in the country's economic plan, focused on stimulating investment and the development of advanced technology sectors. Located within Astana and covering an area of 631.92 hectares, the zone offers excellent conditions for promoting projects in IT, biotechnology, robotics and other innovative areas.

It should be underscored that there is no feasibility of immediate enrollment of a corporation within the Astana - Technopolis FEZ. However, there is an opportunity to attain the designation of a contender of this distinct economic zone. The core of this composition "Enrollment of enterprise in FEZ Astana - Technopolis" is the progression of securing the aforementioned contender designation.

Opening a company in Astana - Technopolis starts with understanding the goals and objectives that have been set for this zone since its foundation. The main objective is to create favourable conditions for the development of innovative economy, attracting internal and external investments in scientific developments and new technologies. This is achieved through the provision of a favourable tax regime, as well as through the creation of modern infrastructure, which includes research centres, laboratories, production and office space.

Registration of a company in Astana Technopolis also implies the possibility of using ready-made infrastructure, which significantly simplifies the process of launching and implementing projects. The sites in the FEZ are equipped with everything necessary for comfortable work: from high-speed internet to specialised production areas. Such support allows to reduce initial capital investments and focus resources on the development of the project itself.

The sectoral specialisation of Astana Technopolis FEZ is focused on supporting projects in the field of high technology, which includes software development, electronics production, biotechnology development and much more. This makes the zone attractive for startups and large technology companies seeking to gain access to new markets and implement large-scale innovation projects.

The procedure of enrolling a firm in this territory necessitates meticulous groundwork and comprehension of all lawful facets. It is imperative to furnish a complete set of records substantiating the conformity of the firm's operations with the assortment criteria, as well as to formulate and tender a commercial scheme for the venture. It is crucial that each venture is assessed distinctly, considering its capability to augment the progression of the economy of the vicinity and the nation in its entirety.

Enrollment of a firm in the Astana Technopolis FEZ inaugurates a vast spectrum of possibilities for tycoons to actualize and advocate pioneering ventures at the global echelon. Owing to exhaustive backing, propitious circumstances, and admittance to contemporary infrastructure, this territory stands as one of the utmost captivating arenas for technological commerce in Kazakhstan.

Process of business registration in FEZ "Astana - Technopolis"

Popular types of legal entities for doing business in Astana - Technopolis

Type of legal entity	Description	Advantages	Minimum authorised capital
Limited Liability Partnership (LLP)	This is the most common form of business, implying limited liability of the founders for the obligations of the company.	Low risk for the founders; Ease of registration and management; Flexibility in profit distribution.	100 MRP (Monthly calculation indicator, which in Kazakhstan for 2024 is 3,692 tenge, thus the minimum authorised capital for an LLP is 369,200 tenge)
Joint Stock Company (JSC)	A company whose capital is divided into shares, allowing it to attract investment through the sale of shares. Can be open or closed.	Opportunity to attract significant investments; Ease of transferring stakes through the sale of shares; Prestige and transparency of the business structure.	50,000 MRP for open JSCs and 100 MRP for closed JSCs (Accordingly, for open JSCs the minimum authorised capital is KZT 184,600,000 and for closed JSCs - KZT 369,200)
Branch or representative office of a foreign company	Legally independent subdivisions that represent the interests of a foreign company and conduct its business in the FEZ.	Direct access to the Kazakhstan market for foreign companies; Minimisation of tax and legal barriers; Utilisation of international experience and resources of the parent company.	Not applicable as branches and representative offices of foreign companies do not have authorised capital as such.

Company registration procedure in Astana - Technopolis

In order to become a coadjutor of the Astana Technopolis FEZ, petitioners must furnish a plethora of records attesting to their adherence with the stipulated FEZ criteria:

A consummated supplication document in the stipulated guise endorsed by the accountable authority, furnishing fundamental particulars concerning the supplicant.
Excerpt from the state ledger certifying the lawful standing of the enterprise, encompassing information regarding any alterations in enrollment, which validates the lawfulness of the undertaking.
To open a business in Astana - Technopolis, it is necessary to provide copies of the director's ID card and the company's charter, confirming the right of management and organisational principles of the business.
Decision of the governing body to launch operations within the FEZ, reflecting the company's strategic interest in utilising FEZ opportunities.
Annual financial report, certified by authorised persons, demonstrating the financial position and sustainability of the applicant.
Feasibility study of the project, meeting the criteria of the responsible authority, arguing the advantages of implementing the project in FEZ.
For innovation and ICT projects it is necessary to provide a detailed justification of the project highlighting its importance for the development of these sectors in FEZ.

In addition, the following important elements are included in the process of registering a company in Astana - Technopolis:

Bank statement and credit report reflecting the financial activity and creditworthiness of the applicant.
Tax debt certificate, confirming that there are no debts to the budget.
Confirmation of financial security of the project, which demonstrates readiness for implementation and financial sustainability.
Sketch design of the territory, if the project involves construction, which shows planning of land use in FEZ.

For extraneous firms that are non-dwellers of Kazakhstan and are not enrolled as tributors, it is obligatory to furnish testimonials validating their lawful condition in consonance with the jurisprudence of the motherland, as well as a attested rendition of these testimonials into Kazakh and Russian.

This aggregation of parchments enables the FEZ oversight firm to execute a comprehensive evaluation of the solicitation to ascertain that the petitioner satisfies the entrenched criteria and prerequisites, ensuring lucidity and equity in the progression of securing the position of a participant in the Astana-Technopolis FEZ.

Tax and customs preferences

Trade enrollment in Astana - Technopolis initiates unparalleled prospects for proprietors and financiers to conduct commerce in a distinctive economic regimen with a plethora of fiscal and excise preferences. These encouragements are devised to invigorate the advancement of pioneering and technological endeavors, as well as to entice capital injections into the economy of Kazakhstan.

The metropolis of Astana - Technopolis proffers momentous fiscal encouragements for its constituents, mitigating the fiscal encumbrance of enterprises. These encouragements encompass comprehensive exemption from corporate revenue tariff, chattel and soil levies, and soil utilization fees. Furthermore, enterprises engaging in specialized spheres of the economy can exploit diminished societal tariff, rendering commerce in Astana - Technopolis distinctly opportune.

The introduction of tax preferences implies the categorisation of projects based on the volume of investment. From 1 January 2024, a differentiated approach was implemented, whereby the duration of tax preferences correlates with the category of the investment project:

Category A is for projects with investment volume up to 3 million monthly calculation indices (MCI), which corresponds to the smallest investment volume and provides this list of benefits for 7 years and amounts to about 11,076,000,000 KZT ≈ 25.5 million USD.
Category B is valid for 15 years and covers projects with investment volume from 3 to 14.5 million MRP, which is ≈ up to 118 million USD.
Category C applies to projects with investments above 14.5 million MRP (≈ up to 118 million USD), providing the longest period of benefits, for 25 years.

Customs preferences for Astana - Technopolis participants also play an important role in reducing costs and simplifying logistics processes. They include exemption from import duties and taxes on imported equipment and materials required for the implementation of the investment project. This allows companies to plan their costs more efficiently and speed up the launch of production processes.

The conditions for applying preferences require participants not only to meet investment volume criteria, but also to fulfil certain conditions, such as job creation, use of advanced technologies and implementation of innovative projects. This underscores Astana - Technopolis' commitment to developing high-tech and environmentally sustainable businesses that contribute to the diversification and modernisation of Kazakhstan's economy.

Conclusion

Registering a business in Astana - Technopolis opens access to a favourable tax regime, significantly reducing the financial burden on companies and allowing them to focus more resources on development and innovation. Customs preferences simplify the process of importing equipment and materials needed to launch and maintain production processes, which is an additional incentive for foreign and local investors.

Overall, Astana - Technopolis is a powerful tool to stimulate economic development and innovation in Kazakhstan. This special economic zone creates favourable conditions for business development, attracts investment and promotes the introduction of new technologies, which ultimately contributes to strengthening the country's economic potential and enhancing its competitiveness in the international arena.

Leading specialists of YB CASE Company are ready to provide necessary information and full support in the process of opening a company in FEZ Astana - Technopolis. To contact us, please choose a convenient method from the "Contacts" section.

Tags: to register a company Kazakhstan