Priority sectors
• Oil refining and infrastructure development for oil and gas sector
• Ore mining and smelting industry
• Chemical industry
• Atomic energy industry and nuclear power
• Machine Engineering
• Pharmaceutical Industry
• Construction Industry and Building Materials Production
• Agricultural Sector
• Light Industry
• Tourism industry
• Information Technologies
• Biological Technology
• Space Activities
• Alternative Energetic

Investment preferences

The law of the Republic of Kazakhstan “On investments” provides:

• exemption from customs duties of imported equipment and its components for investment project implementation;
• granting of the state natural grants (the following is considered as a state natural grants: land, buildings, structures, machinery and equipment, computing equipment, measuring and control devices and equipment, vehicles (excluding cars), industrial and household equipment)
To obtain preferences you should apply to the Committee on Investments of the Ministry of Industry and New Technologies of RK and conclude the contract with it. The order of granting of investment preferences is described in detail in the Law “On investments”.

The Tax code provides:
• tax incentives for investors without a contract.
In accordance with the Tax Code, the value of the objects of preferences and (or) the following costs for the modernization and reconstruction can relate to deductions.

Privileges for participants of Special economic zones
As for today six special economic zones (SEZ) are created in Kazakhstan:

Structure of the state bodies

source - www.invest.gov.kz

Members of SEZ enjoy the following privileges:

• Corporate income tax exemption;
• Taxation rate of less than 0% when calculating ground tax;
• Application of the 0% rate to the mid-year cost of taxable objects when calculating property tax;
• VAT exemption on goods and services given on SEZ territories, made, or consumed in activities related to SEZ creation;
• VAT exemption on building and civil works for administrative and industrial facilities (offices, industrial buildings, warehouses) intended for activities related to SEZ creation;
• Customs-free policy.

From 2011, SEZ members will enjoy extra benefits under the new law “On SEZ”:

• VAT at a rate of 0% for goods consumed in activities to be determined by the government;
• Exemption for up to 10 years from payment of land tenure in SEZ territory;
• Increase from 15% to 40% in the marginal rate of depreciation used for IT software;
• Introduction of a special process for importing foreign labor to SEZ territory;
• “One-stop shop” service to SEZ members.

For the SEZ “Astana – New City”, an additional benefit will be introduced: 100% exemption from corporate income tax; for the SEZ “Information Technology Park”: 5-year Social Security tax exemption.