Investment opportunities of Kazakhstan and experience in attracting investments are presented at a meeting with Ukrainian colleagues.

The meeting was held in an expanded format with the participation of representatives of the Ministry of Trade and Integration of the Republic of Kazakhstan, the Embassy of the Republic of Kazakhstan to Ukraine, the Investment Committee of the Ministry of Foreign Affairs of the Republic of Kazakhstan, "KAZAKH INVEST" National Company" JSC, the national chamber of entrepreneurs of the Republic of Kazakhstan "Atameken", the Ministries of Economic Development, Trade and Agriculture, Foreign Affairs of Ukraine, Chamber of Commerce and Industry of Ukraine, Ukrainian Union of Industrialists and Entrepreneurs, Food Export Council (U-FOOD), Investment promotion office of the Ukraine Invest, Ukrainian Association of Milk Producers as well as a number of private companies - representatives of Ukrainian business.

Kazakhstan today - is a new opportunity and huge potential for a profitable business. The main reasons are strategic location, favorable business environment, protection of investor rights, and investment incentives. The purpose of the meeting is to inform colleagues from Ukraine about the tools to support the business and projects in priority sectors with high potential in Kazakhstan.

“Our Committee is engaged in support of three types: the first - is direct support. We conclude investment contracts that provide for preferences with a 10-year exemption from basic taxes so that is tangible at the global level. It is also an exemption from customs duties, VAT on imported equipment and raw materials, as well as assistance with the provision of production sites and the special regime for foreign labor. Another direction - we protect the interests of investors and provide assistance. The Prime Minister of the Republic of Kazakhstan has been identified as the investment ombudsman for the prompt resolution of investor issues. In other words, our country paying special attention to investor support at the highest level” - said Rustam Issatayev, Chairman of the Investment Committee of the Ministry of Foreign Affairs of the Republic of Kazakhstan.

Along with the institution of the Ombudsman the speaker spoke about, the country has a Coordination Council chaired by the Prime Minister, which included heads of relevant government bodies, as well as the Council for Improving the Investment Climate under the Government of the country, and a Council of Foreign Investors under the President of the Republic of Kazakhstan.

Trade and investment order, which is a global trend, are changing in the world, however, each country should understand what strategically important production facilities need to have either domestically or in neighboring countries and what are the points of interaction and growth, the speaker also noted.

The Deputy Chairman of the Management Board of "KAZAKH INVEST" National Company" JSC, Galym Uzbekov, told about investors and service support. The company acts as a single negotiator on behalf of the Government on investment issues. The company provides a full range of services for the support of investment projects on the principle of "one window" having a network of regional and foreign representatives: from idea to the implementation, as well as in the post-investment period.

“KAZAKH INVEST offers a specific list of 114 projects in various industries as of today. A teaser, business plan and financial model were developed for each project. Investors can easily choose the right industries and regions for investment with the help of such investment project lists. As our main task also is to create comfortable conditions for work of foreign investors in Kazakhstan", - Galym Uzbekov noted at the meeting.

All the favorable factors and efforts on the part of the Government of Kazakhstan to improve the investment climate have provided concrete results. Thus, Kazakhstan is in the 25th place in the World Bank's Doing Business Index for 2020. Moreover, it takes only 1 day to start a business, and 3 days to register a property in Kazakhstan.

Over the years of Independence the inflow of foreign direct investment in Kazakhstan amounted to about 350 billion US dollars, which is a sign of investor confidence and comfortable conditions for doing business.