Pari Passu Advisory has developed a full service product related to company formation in Kazakhstan. The service includes the following elements:
- Kazakhstan LLC incorporation
- Provision of interim director
- Provision of legal address
- Bank account (in local and overseas banks)
- Provision of accounting services, and
- Submission of tax reports
Company formation
Among of all types of legal entities the main business vehicle is Liability Limited Company (LLC). A potential shareholder is expected to provide the following documents for the process of Kazakh company registration: notarised copy of the passport (in case of individual shareholder) or the certificate of incorporation, the articles of association, its decision to incorporate a Kazakh entity and a power of attorney issued to local representatives (in case of entity shareholder). The documents have to be legalised or apostilled (The Hague Convention 1961).
If a company intends to hire a foreigner for any position the former has to obtain a work permit for such employee. This service is dedicated for clients that wish to appoint a foreign director. The situation is that such director has to have a work permit before commencing his/her office and the work permit cannot be applied for without a director.
We provide interim director services in the cities of Almaty, Astana and Karagandy ensuring transparency and complete protection of the client’s business. Every single decision of such director requires authorisation by the client. The duration and powers of interim director will be limited by constituent documents of such company.
So long as we guarantee the reputation of each interim director, the latter has the right to refuse to sign any particular document or perform any action that violate any applicable law or cause the risk of breach of law, or is in contrast with the goals of the company.
The companies that are intending to appoint a foreign employee for any position have to obtain a work permit for such employee.
Obtaining a work permit for a foreign employee in Kazakhstan is not the easiest process. Not to mention the time (usually from 1 to 2 months) that whole process consumes. Nevertheless, we strive the make the process easier and smother for our clients. Moreover, we always try to negotiate the most acceptable local content diversification obligations for our clients.
We also may provide our employees temporary while application for a work permit is being processed or in order to keep the level of local employees in a company.
So far as provision of a legal address is part of the Kazakh company formation process we also provide such service until the client has found suitable office. The legal address is available at business district of Almaty.
At the client’s request we assist in bank account opening process in any bank of Kazakhstan.
It is compulsory to keep books of account under Kazakhstan law. This service includes accounting of initial financial operations (payment of share capital, rent agreement, employment contracts).
We obtain online tax reporting key, submit quarter and annual reports to the tax authorities during first fiscal year, provided that the company has not commenced active business.