Incorporation in Kazakhstan's Aktau Seaport - YB Case 2024

Incorporation in Kazakhstan's Aktau Seaport

Seaport Aktau

The Aktau Seaport constitutes a critical component of Kazakhstan’s economic development strategy for the wider Mangistau region. Established in 2003, the 2,130 hectare zone encompasses the Aktau seaport and adjoining territories, forming an international logistics and manufacturing hub offering firms expansive incentives for investment and operations.

Strategic aims underlying Aktau Port formation

The 2002 presidential decree enabling the Aktau SEZ sought to catalyse economic expansion within Mangistau whilst integrating domestic enterprises within international value chains. More specific objectives comprised:

  • Stimulating regional investment, employment, and innovation
  • Supporting export-oriented, high value-add industries
  • Streamlining administrative and legislative frameworks to attract foreign capital
  • Leveraging the seaport to link Kazakhstan to global transport routes and supply chains

Legal and fiscal advantages

Registration inside the Aktau SEZ affords businesses significant statutory benefits:

Tax exemptions
  • CIT waivers until 2028
  • Import duty and VAT relief on raw materials and equipment
  • Land/property tax exclusions
Customs
  • Zero import tariffs on production inputs
  • Expedited customs procedures
Cost reductions
  • Free land leases until 2028
  • No restrictions on deploying foreign professionals
Geographic and infrastructure benefits
  • The Aktau SEZ additionally provides inherent locational and transport advantages stemming from its unique positioning.
  • Direct seaport access delivers exporting/importing firms connections to international maritime logistics networks.
  • Developed road infrastructure offers national linkages and proximity to the Western Europe-Western China transport corridor.
  • Aktau Airport within the zone furnishes air cargo and passenger transport, enabling the expedited inflow of vital equipment.

These innate benefits serve to minimise supply chain expenses whilst providing companies enhanced access to overseas suppliers and customers. The Aktau SEZ therefore offers an unparalleled ecosystem for internationally focused ventures.

Incorporation protocol in Aktau Seaport

The incorporation process for establishing a company in the Aktau SEZ comprises a sequenced progression of administrative steps to formally register an entity and activate all accessible incentives. Outlined below is the mandated procedure, including prescribed documentation, prerequisite conditions, and the administration contact information.

Phase 1

Business plan formulation

The initiating requirement is the drafting of a comprehensive business plan stipulating the proposed commercial activity. This documented proposition should encompass pertinent details regarding the envisioned operations, target market analyses, financial projections, infrastructural resource utilisation, and intended utilisation of the zones' provisions.

Phase 2

Submission of mandatory documentation

Registration requires furnishing the zone’s governing institution with the following authenticated materials:

  • Completed applicant registration questionnaire
  • Copy of the Certificate of Incorporation
  • Managing Director’s national identification papers
  • Certified Memorandum and Articles of Association
  • Board resolution authorising zone commercial activities
  • Prior year financial statements
  • Feasibility study corroborating project technical and economic viability
  • Bank account transactions record; credit agency clearance certificate
  • Tax obligation compliance certification
Phase 3

Conveyance of registration dossier

Once assembled, the applicant must dispatch the aggregate dossier to the SEZ Secretariat through hand delivery, post, or via formalised electronic communication channels if permissible.

Phase 4

Evaluation of application

The Secretariat thereafter undertakes a comprehensive assessment of the submitted business plan's feasibility and confirms adherence to all prescribed formal registration preconditions. Queries requiring supplemental detail may be addressed to the applicant, with a typical processing timeline ranging from 2 to 4 weeks.

Phase 5

Participant status furnishing

Contingent on verification and approval, the registering entity will be furnished with formal Free Zone Participant status and associated operational rights.

Phase 6

Registration for statutory tax incentives

The concluding step requires liaising with appropriate State Revenue Department units to initialise applicable tax liability adjustments consistent with Free Zone registration status. This activates the wheel of fiscal advantages inherent to basing commercial activities inside the Aktau jurisdiction.

Requirements for a feasibility study of a project in a SEZ

Entities seeking to secure Aktau Seaport participation status are obliged to formulate an exhaustive feasibility study which methodically validates from technical and financial perspectives the viability of the envisioned venture. The prescribed format of the feasibility documentation shall consist of the following enumerated components:

  1. Introduction: the contextual overview should outline the prevailing socioeconomic climate within the designated SEZ jurisdiction, incorporating relevant geographical, infrastructural and regulatory factors. It must substantiate how the proposed activity addresses existing challenges or channels opportunities.
  2. High-level project delineation: the summarised profile should stipulate the overarching commercial objectives, delineate the anticipated operational scale, productive output benchmarks, resourcing prerequisites, capital expenditure, and intended funding vehicles and development roadmap.
  3. Comprehensive operational description: the exhaustive profile documents must furnish details regarding the background, ownership structure, management team competencies, staffing computations, remuneration policies, supply chain dynamics, product suites, environmental sustainability, corporate social responsibility commitments, and mandated administrative obligations.
  4. Target market analysis: this section should investigate the prevailing and projected market landscape, profiling the pertinent consumer segments, evaluating the competitive environment, and providing evidence of conducted primary and secondary market research into quantifying the accessible opportunity. The marketing strategy, pricing structure, sales execution blueprint, and after-sales support capabilities should be addressed.
  5. Manufacturing framework: the operational flowchart must profile the complete end-to-end value chain spanning raw material inputs, warehouse capabilities, production technologies, plant and machinery investments, product testing, packaging activities through to inventory and finished goods warehousing elements. Personnel training requisites should also be covered.
  6. Financial modelling parameters: this critical section must provide evidence of meticulous financial modelling encompassing various operational capacity scenarios whilst estimating attendant capital expenditure budgets, working capital cycles, profitability benchmarks, payback periods and return on investment thresholds.
  7. Supporting documentation: all underlying assumptions within the study must be substantiated through supporting research reports, photographic evidence, process flow schematics and any other relevant exhibits.

Cost scheduling of services and utilities

A robust assessment of requisite utilities and contracted services represents a vital component when formulating the budgetary parameters for prospective Aktau Seaport commercial undertakings. Outlined below are the indicative tariffs applicable within the Aktau Port SEZ jurisdiction:

  • The water supply charges account for treatment, reticulation and usage factors, with rates fixed at circa KZT $206.43 per cubic metre excluding VAT liability assessments. This blueprint encompasses industrial process, cleaning and domestic consumption.
  • The current natural gas tariff equates to KZT $19,121.03 per cubic meter excluding VAT imposts, subject to periodic indexation. Supply charges adhere to local market dynamics and consumption quotas.
  • Electricity remains the universal energy medium for industrial equipment, lighting and ancillary installations. Tariffs reflect capacity and consumption metrics, averaging around KZT $17.15 per kilowatt-hour. The rate's matrix excludes VAT components but remains aligned to the national power utility pricing policies.
  • The usage fees of wastewater collection, filtering and treatment infrastructure are computed as a function of water input volumes at an estimated KZT $55.82 per cubic metre. VAT registration exempts SEZ participants from associated liability assessments.

Comprehensive incorporation support services for Aktau Port entities

YB CASE leverages extensive legal and commercial expertise to deliver holistic business formation solutions across the comprehensive Aktau Seaport SEZ value chain. Our bespoke approach encompasses prerequisite advisory, document fulfilment, licensing liaison and post-incorporation assistance protocols.

As accredited incorporation specialists within this Kazakhstan jurisdiction, YB CASE prides unparalleled levels of personalized support, underpinned by intimate regulatory knowledge and international best-practice benchmarks.

Salient benefits accessible to YB CASE clients:

  • End-to-end advisory on registration formalities and financial structuring
  • Customized documentation preparation attuned to unique venture dynamics
  • Seamless liaison with relevant statutory bodies and licensing authorities
  • Optimal legal entity model recommendations accounting for incentive qualifications
  • Guidance on minimizing tax liabilities whilst harnessing zone cost advantages
  • Ongoing post-incorporation assistance to activate incentives and kickstart operations

Underpinning every engagement is an unwavering commitment to the utmost confidentiality, discretion, and professional best-practice support. YB CASE constitutes your trusted ally for seamless market entry and growth within Kazakhstan's most attractive investment zone.

Service order form
Name
The field must be filled
How can we contact you?*
Please enter a valid e-mail
Please enter a valid phone number
Your comment