Kazakhstan Geography, Economy, and Culture

Kazakhstan is a geographically large country, comparable in size to Western Europe, situated in Central Asia and bordered by Russia, China, Kyrgyzstan, Uzbekistan, and Turkmenistan. It has an economically beneficial mineral, oil, and gas industry, generating almost 60% of its national income. Its government, after the 1991 fall of the Soviet Union of which it was a part, is officially considered a democratic, constitutional republic.

The varied terrain of Kazakhstan, with a population of around 18 million, includes flatlands, steppe, taiga, rock canyons, hills, deltas, snow-capped mountains, and deserts. In 1997, its capital was changed to be called Nur-Sultan, from Astana. The country’s largest city is Almaty.

The country has over 100 ethnicities which include Kazakhs (over 65%of the population), Russians, Uzbeks, Ukrainians, Germans, Tatars, and Uyghurs. The vast majority practice Islam, with Christianity practiced by 26%.

March 21Nauryz
March 22Nauryz Holiday
March 23Nauryz Holiday
March 24Day off for Nauryz
May 1Unity Day
May 3Day off for Unity Day
May 7Defender of the Fatherland Day
May 9Victory Day
May 10Day off for Victory Day
July 6Day of the Capital
July 20Kurban Ait
August 30Constitution Day
December 1Day of the First President of the Republic of Kazakhstan
December 16Independence Day
December 17Independence Day Holiday
  • АО (Aktsionernoe obschestvo/Акционерное общество)
  • ТОО (Tovarishchestvo s ogranichennoy otvetstvennostyu/Товарищество с ограниченной ответственностью)
  • TDO/ТДО (Tovarishchestvo s dopolnitelnoyu otvetstvennostyu/Товарищество с дополнительной ответственностью)
  • GP/ГП (Gosudarstvenoe predpriyatie/Государственное предприятие
  • КТ (Komanditnoe Tovarishchestvo; Командитное товарищество)
  • ОО (Obshestvennoe Obedinenie / Общественное объединение)
  • PT/ПТ (Polnoe Tovarishchestvo / Полное товарищество)
  • PtK/ПтК (Potrebibitelskii Kooperativ / Потребительский кооператив)
  • PrK/ПрК (Proizvodstvenni Kooperativ / Производственный кооператив)
  • РО (Relitioznoe Obedinenie / Религиозное объединение)
  • Uchr/Учр (Uchrezhdenie/Учреждение)
  • Corporate Tax: 20%
  • Income Tax (Lowest Marginal Rate): 10%
  • Income Tax (Highest Marginal Rate): 10% (for residents), 15% (for non-residents)
  • VAT/GST/Sales Tax: 13%
  • Almaty Merchant Bank (Commercial Bank)
  • Bank Kaspiyskiy (Commercial Bank)
  • Kazakhstan International Bank (KIB) (Commercial Bank)
  • Kazkommertsbank (Commercial Bank)
  • Bank CenterCredit (Commercial Bank)
  • BTA Bank (Commercial Bank)
  • DanaBank (Commercial Bank)
  • Sberbank (Commercial Bank)
  • Halyk Bank (Commercial Bank)
  • Temirbank (Commercial Bank)
  • Tbsesnabank (Commercial Bank)
  • Ziraat bank (Foreign Bank)
  • Citibank  (Foreign Bank)

Aadmi can support you with your expansion to Kazakhstan. Our team of experts in country manage every aspect of your expansion from incorporation, accounting, legal, and even administrative concerns.  Matched with Global People Strategist’s powerful labor compliance software, your company is in good hands.

Contact us today for more information about how your company can benefit from using Aadmi as your global expansion partner.

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