Kazakhstan intends to reduce administrative burden on business

Kazakhstan intends to reduce administrative burden on business

Kazakhstan intends to reduce the administrative burden on entrepreneurs. The corresponding bill on the introduction of a new system of state control of business was approved in the first reading by the members of Mazhilis, the Lower House of Kazakh Parliament. The document was submitted for their consideration by Kazakh Minister of National Economy Alibek Kuantyrov. According to him, the draft law provides for the transition from punishing businesses to preventing offences. The 326 amendments are aimed at streamlining forms of control and supervision as well as the regulation of measures of prompt response at the legislative level. Nevertheless, domestic entrepreneurs must be responsible for their actions, or otherwise, they may face inspections, Kuantyrov emphasized.

“Unexpected inspections may take place if a business entity grossly violates the law or takes measures that harm the state, life and health of the population, the environment and national security. It is necessary to promptly address the issue when preliminary control measures do not work, or the business entity cannot be notified,” said Kuantyrov.

Kazakh Mazhilis approves amendments on measures to support exporters

Another bill submitted for consideration by the Mazhilis members also relates to entrepreneurs, but only those who export their goods abroad. To support them, an export credit agency based on the KazakhExport insurance company will be created in Kazakhstan on the instructions from the Head of State. The corresponding bill covers 36 innovations. The document, which was approved by MPs and sent to the Senate, may come into force in the first quarter of next year.

“This bill is designed to support exporters of non-resource types of goods. On the basis of a newly created export credit agency, we are currently expanding its powers and adding three good instruments of state support for business people, among which are guarantees, interest rate subsidies and business support in Kazakhstan and foreign markets,” said Ruslan Kozhasbayev, the Committee member of the Mazhilis, the Lower House of the Kazakh Parliament.