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  • 23 Jan 2020 12:00 PM | Alexander Belyasov (Administrator)

    Headquartered in the city of Nur-Sultan the AIFC is gradually becoming a financial hub on this untapped and financial service-wise pristine territory between Frankfurt and Tokyo. From year to year, more and more foreign nationals chose Nur-Sultan as their temporary and permanent destination, be it for investment, work, educational, or tourism purposes. 

    Today Nur-Sultan is inevitably becoming a nascent cosmopolitan, vibrant community, where people of all races and colours, professions and walks of life come together.

    The ever-growing spate of foreign nationals to the Nur-Sultan locality engendered the timely and in no way superfluous decision to establish a one-of-a-kind and unique to the regions of West and Central Asia, the Caucasus, EAEU, the Middle East, West China and Mongolia – the one and only Expat Centre.

    The AIFC Expat Centre is a specialised multifunctional institution, designated to foster the expedite integration of the foreign nationals into Kazakhstan society on a one-stop-shop basis.  It provides foreign nationals with access to an ample variety of government and socially oriented soft-landing services in English.

    The AIFC Expat Centre has all the primary need one might have, covered in a single place.  Here the foreign national may access more than 500 government services with no hassle and delinquencies.  All inquiries pertaining to Kazakh visa and registration issues can be settled in the AIFC Expat Centre in no time by courtesy of the government support and presence of all state decision-making officials on site. Along with all these services, the Centre provides the foreign nationals with the access to vehicle registration and obtaining the national driver’s license, as well as tax and revenue related service on site. If it so happens that the foreign national is struggling with becoming an investor in Kazakhstan, the full-fledge support and assistance by the the Investor Service Centre are available at the Centre. This all came possible due to the systemic support of the National and local governments.

    Moreover, should a foreign national require an assistance in finding an accommodation, an educational facility for toddlers (English language based schools, daycares and nursery centres), or a hospital, the AIFC Expat Centre will gather up all the necessary information and make all the arrangements on the client’s behalf in the shortest time frames possible. 

    Toachieve the AIFC goals and create a comfortable environment for investors, a unique preferential visa regime was introduced. Therefore, no work permit is required to attract foreign employees for the AIFC Participants. The AIFC foreign employees and their family members, may obtain working and dependent visas for a period of up to 5 years. In applying for visa and migration services, the simplified procedures are provided for the AIFC Participants.

    AIFC is currently working on another great solution for investors, which is the residency by investment program. The program suggests that an investor has an opportunity of receiving an investor visa valid for up to 5 years in exchange for the investments in securities and investment funds listed on AIX and companies created in accordance with AIFC law.

    In addition to the abovementioned, the investor has an opportunity of receiving tax residence status in Kazakhstan if he spends not less than 90 days in Kazakhstan and delivers the payment to the state budget. The investors that participate in AIFC residency by investment program and become Kazakhstan tax residents will be exempt from the payment of IIT on foreign income.

    It is expected that the residency by investment program will be valid by the third quarter of 2020.

  • 16 Jan 2020 8:40 AM | Alexander Belyasov (Administrator)

    Gowling WLG is pleased to announce that it has appointed Yulia Yarnykh as partner as of January 1, 2020.

    Yulia has been with the firm for nine years, serving as counsel for the past year.She advises international clients on a wide range of IP issues, including enforcement of intellectual property rights, unfair competition, and regulatory and commercial IP. Her practice’s focus on IP and corporate and commercial law ensure that she is consistently an invaluable resource for clients relying on her rich background in compliance and regulatory matters in media, e-commerce, data protection, competition, advertising and pharmaceuticals. International and local companies seek her expertise in conducting anti-piracy campaigns against counterfeiters and parallel importers, and in structuring their franchise and distribution networks in many of the countries of Eastern Europe and Central Asia, including Russia, Belarus, Ukraine, and Kazakhstan. She is also actively engaged in other IP transactional work.

    “It has been a pleasure working with Yulia these past years, and I’m delighted by her appointment as partner” says David Aylen, managing partner of Gowling WLG’s Moscow office. “We operate in crucial markets for our clients. Russia and the many surrounding countries in the region require careful planning and in-depth knowledge of their legal systems. Yulia’s move to partner is perfectly in line with our continuing strategy to build our widely acknowledged intellectual property law services across Russia, Eastern Europe, and Central Asia. And Yulia has been a vital force in driving our client-oriented philosophy. Her energy, expertise, knowledge, and determination are a great asset to both our local and global operations.” 

    “Over the years, I have watched as our office has developed,” Yulia says. “It really brings me joy. It is such a great team of young, energetic, client-oriented professionals who know how to work with international clients and to understand their expectations. And there is the special bond with our clients. With the clients that I have been serving for many years, there is a very high level of respect and trust. I look forward to that respect and trust growing in the future.”

    ________________________________________

    ABOUT GOWLING WLG:

    Gowling WLG is a global law firm with over 1,400 legal professionals and a range of dedicated support teams across 18 cities in Canada, the UK, Europe, Asia and the Middle East. The firm provides world-class legal expertise and multi-jurisdictional support in key global sectors. It is also home to one of the world's premier full-service intellectual property practices.

    ABOUT GOWLING WLG RUSSIA/CIS:

    For nearly three decades, Gowling WLG has been a recognized leader in the protection of intellectual property rights in Russia and the CIS region. Through the strength of our Moscow office, the firm continues to deliver strategic advice and tailored solutions in all aspects of IP law to a global clientele.

    We are a trusted adviser to many of the world’s leading innovators and brand owners on the Fortune Global 500 list. Clients appreciate the superior quality of our services, strategic and practical approach, and responsiveness. Learn more

    Contact:

    Madina Assylbekova

    Director of Strategic and Business Development RUSSIA/CIS

    +7 495 775 4863

    [email protected]

  • 06 Jan 2020 1:00 AM | Alexander Belyasov (Administrator)

    © Article by Forbes Contributor – Rainer Michael Preiss

    Global investors tend to group Kazakhstan along with Russia and the Commonwealth of Independent States (CIS), but its market fundamentals are markedly different and they appear to offer some interesting investment opportunities going into 2020.

    First and foremost, the government has been pursuing a privatization program that aims to raise $7 billion by selling stakes in around 900 companies. The world’s largest landlocked country is taking a page from the playbook of Margaret Thatcher, the U.K.’s former prime minister, who saw privatization as “fundamental to improving Britain’s economic performance”.

    Meanwhile, the countries of Central Asia are in talks to create something along the same lines as ASEAN, the Nordic Council, the Visegrád Group for Central European states or Mercosur for South America. On November 29, Kazakhstan’s First President Nursultan Nazarbayev joined with the leaders of Tajikistan, Turkmenistan and the Kyrgyz Republic to declare that they would work toward joint development and cooperation in areas that range from economic trade and investment to infrastructure, tourism, science and culture. Positive developments like these are winning plaudits.

    Kazakhstan jumped eight positions to reach No. 28 in the World Bank Group's Doing Business 2019 report that ranks the world's top economies for their ease of doing business. Kazakhstan’s ranking places it ahead of No. 30 Spain, No. 46 China and No. 77 India.

    And Kazakhstan isn’t alone. Neighboring Uzbekistan, which is ranked No. 76 in the same rankings and has recently opened up for foreign investment, looks set to spur a “healthy rivalry” in Central Asia that will potentially boost the economy of Kazakhstan, according to the International Monetary Fund. The competition will make both countries policymakers work harder to further improve transparency, their policy frameworks and business environment.

    The recently held Almaty Investment Forum aimed to firmly position Almaty and Kazakhstan as the center of Central Asia’s economic development. Kazakhstan's policymaker hope to make the country’s largest city, Almaty, into a significant transport, logistics and tourism hub on the new Silk Road. This year’s forum saw 31 agreements worth $2.3 billion signed between various government agencies and the business community in late November.

    Kazakhstan also plans to offer investment residency status to foreigners investing at least $60,000 into equities at the Astana International Financial Center’s stock exchange, the center's governor, Kairat Kelimbetov told Bloomberg News recently. Investors will be guaranteed a five-year multi-entry visa. The measure, aimed at nationals from the former Soviet Union republics and Middle East, is expected to raise KZT100b (over $250 million) within the five years of the start of the program.

    Kazakhstan’s real interest rates are expected to remain relatively attractive in the near term with the National Bank of Kazakhstan’s base rate at 9.25%, and an expected slowdown in inflation to the mid-range of the 4% to 6% target corridor throughout 2020.

    Kazakhstan is certainly a value investment at the moment. KASE (Kazakhstan Stock Exchange) trades at a price-earnings ratio of 6.44, a dividend yield of 3.73% and a Price-to-book of 0.9. In comparison, the MSCI World Equities Index trades at a P/E ratio of 20.04 and the MSCI Emerging Markets Index trades at P/E ratio of 14.67.

    Full article is available at the following link: https://www.forbes.com/sites/rainermichaelpreiss/2020/12/30/central-asia-is-now-the-time-to-invest-in-kazakhstan/#7b76e20969d5


  • 01 Nov 2019 12:00 PM | Alexander Belyasov (Administrator)

    CERBA Corporate member FTL Advisers Ltd, a law firm specializing on business support services for private and corporate clients, got included in IFLR1000 (International Financial Law Review), the only international rating of the best law firms specializing in the field of financial and corporate law. FTL Advisors is present in 2 categories of the rating: Banking (Banking and financial law), as well as Restructuring and Insolvency (Restructuring and Bankruptcy). The results have already been published on the rating website.https://www.iflr1000.com/Firm/FTL-Advisers-Russia/Profile/34308#rankings

    This year, FTL advisors Ltd. also for the first time was included by the World Tax rating in the General Corporate Tax category. https://www.itrworldtax.com/Firm/FTL-Advisers-Russia/Profile/4014#rankings

    FTL Advisers corporate website: https://ftl-advisers.ru/

  • 18 Oct 2019 8:00 AM | Alexander Belyasov (Administrator)

    From 2020, the VAT rate for the transit of empty containers and wagons through the territory of the Russian Federation from a foreign country that is not a member of the Eurasian Economic Union (EAEU) will be reduced from 20% to 0%.

    It is expected that the reduction of the rate will lead to an increase in the income of freight forwarding companies and will create more favorable conditions for foreign shippers.

    Please find more information at: https://schneider-group.com/en/news/cargo-transportation-through-russia-will-be-cheaper/

    © SCHNEIDER GROUP

  • 09 Oct 2019 6:00 AM | Alexander Belyasov (Administrator)

    Please be informed of the amendments to the list of countries whose nationals may arrive in Kazakhstan for up to 30 days without a visa. The change took effect on 30 September 2019.

    Which law introduces the changes?

    The Decree of the Government of the Republic of Kazakhstan No. 693 dated 18 September 2019

    What are the changes?

    The list of 45 visa-exempted countries has been supplemented with Bahrain, Vatican, Colombia, Indonesia, Kuwait, Liechtenstein, Oman, Qatar, Philippines, Saudi Arabia, Thailand and Viet Nam.

    The full list now includes 57 countries:

    - Australia
    - Austria
    - Bahrain
    - Belgium
    - Bulgaria
    - Canada
    - Chile
    - Colombia
    - Croatia
    - Cyprus
    - Czech Rep.
    - Denmark

    - Estonia
    - Finland
    - France

    - Germany

    - Greece
    - Hungary

    - Iceland
    - Indonesia
    - Ireland
    - Israel
    - Italy
    - Japan

    - Kuwait
    - Latvia
    - Liechtenstein
    - Lithuania
    - Luxembourg
    - Malaysia

    - Malta
    - Mexico
    - Monaco
    - Netherlands
    - New Zealand
    - Norway

    - Oman
    - Philippines
    - Poland
    - Portugal
    - Qatar
    - Romania
    - Saudi Arabia
    - Singapore
    - Slovakia

    - Slovenia
    - South Korea
    - Spain

    - Sweden
    - Switzerland
    - Thailand
    - Turkey
    - UAE
    - UK
    - USA
    - Vatican
    - Vietn
    am

    Who is affected?

    Nationals of countries included in the list who visit Kazakhstan for short-term purposes (business, tourist or private).

    Best regards,
    INTERMARK IMMIGRATION TEAM
    Tel.: +7 495 502 95 53
    e-mail:
    [email protected]

  • 02 Oct 2019 9:18 AM | Vera Dedyulya (Administrator)

    "

    Atyrau Hub announced "Energy Challenge" competition based on the accelerator principles to solve a number of current local problems in energy sphere.

    Atyrau Energy Challenge is a marathon of programmers, developers, webmasters, stimulating the emergence and development of new ideas that contribute to the facilitation of operational processes in the oil and gas industry.

    Participants

    Participants are allowed to participate in the "Atyrau Energy Challenge" both personally and as a team.

    • Individual over 16 years of age
    • Experience more than 6 months in the oil and gas industry
    • Willingness to work in a team formed by the Organizer
    • Team not more than 4 people
    • Possible team roles: backend developer, frontend developer, fullstack developer, UI / UX designer, data analyst, product Manager, and business analyst
    • Mandatory availability of competencies in backend-and frontend-development to create software product
    • The team can be supplemented by the Organizer with the necessary competencies for request
    The application deadline is till November 1, 2019. To learn more about the competition and accelerator program visit the official Marathon page >>


  • 01 Oct 2019 2:37 PM | Vera Dedyulya (Administrator)

    Ground-breaking changes are now in force impacting Canadian export controls and certain activities abroad regarding export controlled goods and technology.

    Earlier this month Canada became a State Party to the United Nations Arms Trade Treaty (ATT), a treaty establishing standards for international trade in a broad range of conventional arms that currently counts more than 100 State Parties. To meet its ATT obligations Canada amended the Export and Import Permits Act (EIPA) and adopted a package of brokering regulations, namely, the Brokering Control List, Brokering Permit Regulations, Regulations Specifying Activities that Do Not Constitute Brokering, General Brokering Permit No 1, and General Export Permit No 47 (ATT Package). This ATT Package came into force on September 1, 2019. Please see our previous publication on the brokering controls and new standards for export and brokering permits here.

    The newly-established legislative scheme imposes controls over brokering activities. This is a significant development for Canadian industry as this is the first time such controls have been introduced in Canada. Therefore, anyone involved in international trade in defence goods or technology should review the ATT Package thoroughly, and assess the implications for their business activities. 

    - How Did We Get Here?

    - Extraterritorial Application

    Definition of Brokering

    Items That Fall Under the Brokering Controls

    The New Substantial Risk Test

    Assessing Substantial Risk

    Mitigating Factors

    Export to the United States

    Implementation

    ________

    (c) by  John W. BoscariolCarmen FrancisOksana Migitko at McCarthy Tetrault

  • 30 Sep 2019 10:35 AM | Vera Dedyulya (Administrator)


    Over 180,000 citizens of Khujand, the second-largest city in Tajikistan, will have regular access to safe drinking water and improved wastewater services thanks to a joint investment of $8.85 million by the European Bank for Reconstruction and Development (EBRD) and the Swiss State Secretariat for Economic Affairs (SECO), Trend reports with reference to EBRD.

    Through their contributions, the two institutions have financed a wastewater treatment plant that was launched on September 13 at a ceremony attended by Mayor of Khujand Maruf Muhammadzoda and representatives of SECO and the EBRD. Specialised equipment for wastewater treatment management was handed over to the Khujand Water Company.

    The rehabilitation program at the Khujand wastewater treatment plant began in late 2018 and addressed the key issues of modernisation and rehabilitation. It also included the replacement of sewerage collectors and pipes, the rehabilitation of the water supply network, the installation of specialised meters and other essential improvements.

    The newly rehabilitated plant will help the Khujand Water Company significantly improve the quality of water discharged to the Syr-Darya River, which will have a positive impact on the local and regional environment.

    The investment was supported by grants from the EBRD and SECO, collectively worth $1.4 million.

    Since 2004, Switzerland has committed over $90 million to water, wastewater and solid waste projects across Tajikistan. Over this period, more than half a million people gained access to affordable and safe drinking water in the rural and urban areas of the country.


  • 27 Sep 2019 12:31 PM | Vera Dedyulya (Administrator)

    A special visa for foreign investors - the Investment visa - is being introduced in Uzbekistan, a Podrobno.uz correspondent reports.

    This is stipulated by a presidential decree (No UP-5833, dated 19 September 2019), which made an amendment to the list of new additional (non-electronic) types of entry visas for certain groups of foreigners, who visit Uzbekistan.

    In line with the approved amendment, the Investment visa will be added to the list of the existing Vatandosh, Student visa, Academic visa, Medical visa and Pilgrim visa.

    The investment visa will be issued for foreigners and entities without citizenship, who have invested in the Uzbek economy no less than 8,500 times the basic calculation value [The basic calculation value is equal to 223,000 soms or about 23 dollars]. This visa will be issue for the period of three years.

    ____

    (c) Podrobno.uz 


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