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Personal bankruptcy regulation guards the legal rights of creditors during insolvency proceedings. Individual bankruptcy is not criminalized, unless the courtroom establishes the bankruptcy was premeditated, or rehabilitation steps were wrongful.

Фонд по противодействию коррупции «Транспаренси Интернэшнл - Казахстан» призывает к продолжению антикоррупционных инициатив, с упором на всеобъемлющую, прозрачную и независимую борьбу с коррупционными практиками.

The NBK and ARDFM are dedicated to the incremental introduction on the Basel III regulatory typical. Kazakhstan enables international banks to work while in the state by means of branches and subsidiaries. Foreigners may possibly open accounts in nearby banking institutions if they may have an area tax registration amount.

All laws and decrees of the President and the government can be found in Kazakh and Russian within the websites of your Ministry of Justice:   and  . The federal government consults on some draft laws with specialists along with the company Neighborhood; draft bills can be obtained for community remark at   beneath the Open up Governing administration part.

Kazakhstan is sure by Posting VIII of your International Monetary Fund’s Articles or blog posts of Settlement which prohibits governing administration limits on forex conversions or perhaps the repatriation of investment decision revenue. Cash transfers associated with international investments are unrestricted; on the other hand, Kazakh legislation needs a currency contract be presented towards the servicing lender If your transfer exceeds $ten,000.

December 2023 amendments into the Subsoil Code eliminated some of the extreme documents demanded for participation in oil and gas auctions, prolonged the maximum exploration interval, and allowed license applicants to use on paper or digitally by means of minerals.gov.kz and resubmit applications right after rectifying specialized errors.

Investors may well find out more about these companies listed here:  . A foreign-owned organization registered in Kazakhstan is considered a domestic corporation for functions of currency regulation. Inhabitants may well open up lender accounts in foreign currency in Kazakh financial institutions.

By regulation, point out bodies and point out-owned entities have to create and adhere to anti-corruption requirements Using the participation of the general public and thinking of legislation and regulation enforcement tactics.

Secured passions in assets (fastened and non-set) are regarded beneath the Civil Code as well as the Land Code. Agricultural land and specified other all-natural means may possibly only be owned or leased by Kazakh citizens.

The Criminal Code sets out punishments for violations of copyright, rights for innovations, useful designs, industrial styles, picked inventions, and integrated circuit topographies. The legislation authorizes the government to focus on internet piracy and shut down Internet websites that unlawfully share copyrighted materials, supplied the legal rights holders experienced registered their copyrighted product While using the IPR Office with the Ministry of Justice. Regardless of these initiatives, the usage of pirated program remains significant.

Транспаренси Казахстан – национальное отделение международной организации Транспаренси Интернэшнл. При поддержке частных граждан, представителей бизнеса и государственных структур, Транспаренси get more info Казахстан содействует обеспечению большей прозрачности правительства и общества, снижению уровня коррупции.

Спецификой деятельности Транспаренси Казахстан является преимущественная ориентация на исследовательскую работу, изучение международного опыта обуздания коррупции, освоение технологий и ресурсов, с целью адаптации апробированных инструментов и методик для использования в Казахстане.

Kazakhstan altered its regional written content needs to fulfill WTO accession necessities. Subsoil use contracts concluded immediately after January one, 2015, now not comprise nearby articles prerequisites, and any neighborhood articles prerequisites in contracts signed before 2015 were phased out on January one, 2021. Even so, lately, the GOK has continued its import substitution coverage. The regulation on Industrial Plan, enacted in December 2021, expanded aid to regional industries. It changed “neighborhood written content” provisions having a freshly described principle of “in-country worth,” underneath which subsoil customers and point out-owned companies are expected to help regional entrepreneurs by signing offtake contacts.

The GOK has manufactured a transparent determination to abide by the United States’ and spouse international locations’ sanctions and export control regimes against Russia. On March 1, 2023, the GOK enacted a different Regulation on Charge of Precise Merchandise, which governs trade in twin-use merchandise and protection posts. The law changed a 2007 regulation on export control and updated controls more than identification, export, import, transit, and movement of unique goods across the border, in addition to regions of obligations of people and lawful entities though exporting, importing, reexporting, and transiting specific goods.