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“NATIONAL EXPORT AND INVESTMENT AGENCY “KAZNEX INVEST” JSC

Factors of attractiveness of the investment climate in Kazakhstan. “NATIONAL EXPORT AND INVESTMENT AGENCY “KAZNEX INVEST” JSC Ministry of Industry and New Technologies of the Republic of Kazakhstan. KAZAKHSTAN. Territory: 2.7 mln. sq. km . Population: 1 7 mln GDP, 2012: $ 199,5 bill

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“NATIONAL EXPORT AND INVESTMENT AGENCY “KAZNEX INVEST” JSC

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  1. Factors of attractiveness of the investment climate in Kazakhstan “NATIONAL EXPORT AND INVESTMENT AGENCY “KAZNEX INVEST” JSC Ministry of Industry and New Technologies of the Republic of Kazakhstan

  2. KAZAKHSTAN • Territory:2.7 mln. sq. km. • Population: 17 mln • GDP, 2012: $ 199,5 bill • GDP per capita, 2012: $ 12 068 • Major languages • Kazakh (state language) • Russian (official, business language) • English, Chinese (young generation) • Main ethnic groups: • Kazakhs: 65% • Russian: 25% • Other: 10% Source: The Agency of Statistics of the Republic of Kazakhstan “NATIONAL EXPORT AND INVESTMENT AGENCY “KAZNEX INVEST” JSC | Ministry of Industry and New Technologies of the Republic of Kazakhstan

  3. KAZAKHSTAN: YOUR GATEWAY TO 3/5 BRICS OR TO 3 BILLION PEOPLE “NATIONAL EXPORT AND INVESTMENT AGENCY “KAZNEX INVEST” JSC | Ministry of Industry and New Technologies of the Republic of Kazakhstan

  4. MANY FOREIGN COMPANIES HAVE ALREADY INVESTED IN KAZAKHSTAN • SLIDE TEXT “NATIONAL EXPORT AND INVESTMENT AGENCY “KAZNEX INVEST” JSC | Ministry of Industry and New Technologies of the Republic of Kazakhstan

  5. FDI FLOWS INTO KAZAKHSTAN Gross FDI inflows by countries for the period 2009 – 2q. 2013, bln.$ Gross FDI inflows- $ 172,3 bln., from which64%were attracted between the period 2009 – 2q. 2013 ($ 111,6bln.) Gross FDI inflows and outflows for the period 2005 – 2q. 2013, bln.$ 7% 8% Structure of FDI by types of economic activities inbln. $and% FDI in manufacturing for 2009 – 2q. 2013 in mln. $ 18% 1 half of 2012, bln. $ 1 half of 2013, bln. $ 47% Source: National Bank of the RK “NATIONAL EXPORT AND INVESTMENT AGENCY “KAZNEX INVEST” JSC | Ministry of Industry and New Technologies of the Republic of Kazakhstan

  6. KAZAKHSTAN HAS ATTRACTED GREATEST FDI PER CAPITA IN CIS Accumulated FDI in the CIS, 2000-2011, bln. USD FDI in the CIS countries per capita, 2011, USD CAGR* Source: UNCTAD Stat *Compound annual growth rate “NATIONAL EXPORT AND INVESTMENT AGENCY “KAZNEX INVEST” JSC | Ministry of Industry and New Technologies of the Republic of Kazakhstan

  7. WHY IS KAZAKHSTAN ATTRACTIVE FOR FOREIGN INVESTORS? 1 2 Regionally attractive fiscal and non-fiscal regime and protection of foreign investment Political stability and good investment climate • Attractive corporate tax rate (20%) and low VAT (12%) • Fiscal and non-fiscal incentives for investors, including in SEZs • 48 bilateral agreements on mutual protection of investments (US also) • Main international arbitration instruments ratified • A high level of trust in political institutions and the effective allocation of funds (WEF 2012) in comparison with the countries of the CIS. • Ease of Doing Business (49 on the list of World Bank Doing Business 2013: 10 place in the investor protection and 17 place in the payment of taxes). 4 3 Springboard to circa 3 billion potential customers Stable macroeconomic indicators and high growth • 3 of the 5 BRICS countries are in 4 hours flight • Customs Union (Kazakhstan, Russia, Belarus) with a population of 170 million and a total GDP of 2 trillion. • Open economy (trade 70% of GDP) • Entry into the WTO is expected in 2014 - 2015 • GDP growth: 5.5% (IMF 2012) • Low debt / GDP ratio: 15.8% (IMF 2012) • Budget deficit: 2.5% (IMF 2012) • Inflation rate: 6.0% (IMF 2012) “NATIONAL EXPORT AND INVESTMENT AGENCY “KAZNEX INVEST” JSC | Ministry of Industry and New Technologies of the Republic of Kazakhstan

  8. HIGH CONFIDENCE IN POLITICAL INSTITUTIONS AND EFFECTIVE MANAGEMENT OF PUBLIC FUNDS The index of trust political institutions Place in the ranking Government provision of services for improved business performance Place in the ranking Source: The Global Competitiveness Report 2012-2013 “NATIONAL EXPORT AND INVESTMENT AGENCY “KAZNEX INVEST” JSC | Ministry of Industry and New Technologies of the Republic of Kazakhstan

  9. DOING BUSINESS IN KAZAKHSTAN IS MUCH EASIER THAN IN MOST EMERGING MARKETS Doing Business 2013 Country rank Place in the ranking Source: World Bank Doing Business 2013 “NATIONAL EXPORT AND INVESTMENT AGENCY “KAZNEX INVEST” JSC | Ministry of Industry and New Technologies of the Republic of Kazakhstan

  10. INVESTMENT PREFERENCES LAW OF THE RK DATED AS 21.07.11 № 469 «ON INVESTMENTS» Preferences for projects in priority sectors • SLIDE TEXT Exemption from customs duties on equipment, components, raw materials and spare parts imported for a project In-kind state grants Tax allowances as per Tax code of the RK (deductions of the value of the preference objects, and (or) further costs to modernization up to 3 years) • CRITERIA for investment projects: • Corresponds to the List of priority activities Preferences for strategic investment projects * Land,property tax0% for up to7years Guaranteed state order Industrial subsidies for areas with low socio-economic development Corresponds to the List of priority activities Corresponds to the List of high-technology products The volume of investment exceeds 50 million USD OR “NATIONAL EXPORT AND INVESTMENT AGENCY “KAZNEX INVEST” JSC | Ministry of Industry and New Technologies of the Republic of Kazakhstan

  11. SECTOR-SPECIFIC INCENTIVES IN 10 DEDICATED SEZS ACROSS COUNTRY SEZ “Burabai” (Tourism) SEZ “Astana new city” (construction industry) SEZ “Petrochemical park” (Oil and gas industry, petrochemicals) • SLIDE TEXT SEZ “Pavlodar” (chemical industry) Astana Pavlodar Karaganda Atyrau SEZ “Saryarka” (metallurgy) SEZ “Khorgos Eastern Gate” (Trade, logistics) Aktau Taraz Almaty Shymkent SEZ “Marine Port Aktau” (logistics, transport) SEZ “Innovation TechnoPark” (IT-industry, innovations) SEZ “Ontystik” (textile industry) SEZ “Chemicalpark Taraz” (chemical) “NATIONAL EXPORT AND INVESTMENT AGENCY “KAZNEX INVEST” JSC | Ministry of Industry and New Technologies of the Republic of Kazakhstan

  12. ATTRACTIVE INVESTMENT INCENTIVES IN SEZS • FISCAL INCENTIVES in SEZs • 0%Corporate Income Tax until 2020-2025 with possibility for extension • 0% for land and property tax until 2020-2025 with possibility for extension • VAT– 0% (for products consumed in SEZ) until 2020-2025 with possibility for extension • Increase of marginal rate of depreciation for tax on the production of software to 40% • For SEZ “Innovation technopark” – social tax is 0% for 5 years, under certain conditions • For SEZ“Innovation technopark”– depreciation rate for software increased to 40 % • NON-FISCAL INCENTIVES • Provision of free land in SEZ for a period of up to 10 years from registration time as SEZ resident • Simplified procedure for the recruitment of foreign labor “NATIONAL EXPORT AND INVESTMENT AGENCY “KAZNEX INVEST” JSC | Ministry of Industry and New Technologies of the Republic of Kazakhstan

  13. KAZNEX INVEST:YOUR ONE-STOP-SHOP FOR INVESTING Assist in the selection of projects of State program of accelerated industrial-innovative development of the Republic of Kazakhstan for 2010-2014 “NATIONAL EXPORT AND INVESTMENT AGENCY “KAZNEX INVEST” JSC | Ministry of Industry and New Technologies of the Republic of Kazakhstan

  14. ЗАГОЛОВОК СЛАЙДА THANK YOU! • ТЕКСТ СЛАЙДА www.invest.gov.kz АКЦИОНЕРНОЕ ОБЩЕСТВО «НАЦИОНАЛЬНОЕ АГЕНТСТВО ПО ЭКСПОРТУ И ИНВЕСТИЦИЯМ «KAZNEX INVEST» | МИНИСТЕРСТВО ИНДУСТРИИ И НОВЫХ ТЕХНОЛОГИЙ РЕСПУБЛИКИ КАЗАХСТАН

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