Doing Business in 2026 BakerMcKenzieKazakhstan B.V. Samal Towers, 8th Floor97 Zholdasbekov StreetAlmaty, Kazakhstan 050051Phone: +7 727 3 300 500Facsimile: +7 727 258 40 00almaty@bakermckenzie.com www.bakermckenzie.com The information in this brochure is for informational purposes only and it may not reflect the mostcurrent legal developments, judgments or settlements. This information is not offered as legal or anyother advice on any particular matter. The Firm and the contributing authors expressly disclaim allliability to any person in respect of anything and in respect of the consequences of anything done or Table of contents 1Kazakhstan—an overview.......................................................................................11.1Geography.....................................................................................................................11.2Population......................................................................................................................11.3History............................................................................................................................11.4Government and political system..................................................................................11.5Economy........................................................................................................................31.6Foreign relations............................................................................................................4 2.1Investment bodies.........................................................................................................42.2Investment protections..................................................................................................42.3State support for direct investment................................................................................42.3.1Types of investment incentives.........................................................................5 3The WTO and Eurasian Economic Union..................................................................83.1The WTO.......................................................................................................................83.2The Eurasian Economic Union......................................................................................94Privatization.............................................................................................................104.1General........................................................................................................................104.2Privatization procedure................................................................................................105Establishing a legal presence..................................................................................115.1Representative offices and branches of foreign legal entities.....................................115.1.1Legal form.......................................................................................................115.1.2Management and capitalization......................................................................115.1.3Registration and post-registration formalities.................................................115.2Forming a Kazakhstani legal entity.............................................................................125.3LLPs.............................................................................................................................135.3.1Legal form and number of participants...........................................................135.3.2Charter capital.................................................................................................135.3.3Management structure....................................................................................145.3.4Registration procedure...................................................................................155.4JSCs............................................................................................................................165.4.1Legal form and number of participants...........................................................165.4.2Formation of a JSC.........................................................................................165.4.3Charter capital.................................................................................................165.4.4Shares and other types of securities..............................................................165.4.5Management structure....................................................................................165.4.6Registration.....................................................................................................175.5Astana International Financial Center private company..............................................185.6Issue and registration of securities.....................................................................