GOVERNMENT FOR CITIZENS STATE CORPORATION NJSC AND KAZAKH INVEST NATIONAL COMPANY JSC SIGNED A MEMORANDUM OF COOPERATION

On May 12, 2017 in Astana, Memorandum of Cooperation was signed between "Government for Citizens" State Corporation” JSC (further - Government for Citizens) and “Kazakh Invest” National Company” JSC (further - Kazakh Invest). On the part of the Government for Citizens, the document was signed by the Chairman of the Management Board Ablaykhan Ospanov, on the part of Kazakh Invest – Chairman of the Management Board Maxat Kabashev.

The Memorandum provides for the launch of a pilot project to render public services to investors on a one-stop-shop basis, where Kazakh Invest will act as a representative of the service recipients - investors. After receiving an appropriate request from investors, Kazakh Invest coordinators will request from the Government for Citizens information on the list of required documents, terms of services, and document handling procedure.

On their part, the investors' servicing sectors of the Government for Citizens will provide information requested by Kazakh Invest, consult on the order of registration and completion of documents, as well as inform about the status of services provided to investors.

A number of events are planned by the Government for Citizens and Kazakh Invest for a timely and high-quality support of investors when providing them with government services.  

Memorandum of Cooperation is signed for a transitional period and is valid until the status of Kazakh Invest as a center for rendering public services to investors on a one-stop-shop basis will be fixed at the legislative level. At present Kazakh Invest is actively working on opening offices and appointing its representatives in all regions of Kazakhstan, which will ensure the possibility of obtaining all state services locally and resolving all operational issues in a prompt manner. This work will be completed by July 1 of the current year.

Thus, Kazakh Invest will implement functions that exclude or minimize the need for investors to interact with representatives of the state bodies of the Republic of Kazakhstan, and provide them with comfortable and quality business conditions in Kazakhstan.

 As previously reported, «Kazakh Invest» was established as a single negotiator and a single center to create and strengthen relations with foreign investors. Currently, the company is carrying out a number of activities to organize efficient operating activities, the main part of which includes the organization of access to public services for investors based on a one-stop-shop basis. The Memorandum of Cooperation between Kazakh Invest and Government for Citizens, which is a single provider of public services in the Republic of Kazakhstan, was signed to implement this task.

 

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"Government for Citizens" State Corporation” NJSC was established on the instruction of the Head of the State in the framework of the implementation of "100 Concrete Steps" Nation's Plan. The organization, which united four RSEs - "ISC", "Scientific and Production Center of the Land Cadastre", "Real Estate Center" and "State Center for Payments of Pensions", started its work on April 11, 2016, becoming a single provider of public services.

KAZAKH INVEST National Company JSC* is the official body in the field of attracting investments to the Republic of Kazakhstan. It has a wide network of its representatives abroad.
KAZAKH INVEST National Company JSC provides a full range of services to support investment projects from idea to implementation on the principle of "one-stop shop" and acts as Unified Coordination Center for Special Economic Zones of the Republic of Kazakhstan.

*According to the Decree of the Government of the Republic of Kazakhstan #100  dd 01.03.2017 «KAZNEX INVEST» National Export and Investment Promotion Agency» JSC was renamed «KAZAKH INVEST» National Company JSC.