General Prosecutor’s Office and KAZAKH INVEST agree to jointly solve investors' problems

25 December 2019 Версия для печатиВерсия для печатиPDFPDF

December 3 of this year the General Prosecutor's Office and JSC "NC" KAZAKH INVEST " concluded a memorandum on mutual cooperation.

The purpose of the memorandum is the implementation of joint actions between the prosecution authorities and KAZAKH INVEST to ensure the protection of investor rights.

As you know, issues of business development and support, including foreign investors, improving the investment climate is under special control of the Head of State.

It is in this direction that the prosecution authorities carry out purposeful work.

With the direct participation of prosecution authorities, inspections of government agencies were reduced by 2 times, business requirements decreased by 40%, inspection terms were reduced from 30 to 15 days, the number of permits from 708 to 316.

The amounts of criminal penalties in 23 convictions has also been reduced, false entrepreneurship has been decriminalized, thresholds for criminal liability have been increased, the procedure for registering with UDRD has been changed (it is impossible to register without damage, an inspection report).

 It should be noted that this memorandum will provide an opportunity to quickly respond to requests from investors that are systemic in nature.

The results of this work will improve the attractiveness of our country for foreign investment.



Press Service of the General Prosecutor's Office of the Republic of Kazakhstan