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flag Kazakhstan Kazakhstan: Operating a Business

In this page: Setting Up a Company | The Active Population in Figures | Working Conditions | Cost of Labor | Social Partners

 

Setting Up a Company

Tovarichtchestvo s ogranitchennoi otvetstvennostiou is a limited liability company.
Number of partners: no minimum.
Capital (max/min): USD 471,000
Shareholders and liability: The liability is limited to the amount of share, except in the case of a bankruptcy caused by founders where the liability can be beyond the value of share capital.
Zakrytoye aktsionernoye obchtchestvo is a close cooperation joint stock company.
Number of partners: no minimum.
Capital (max/min): USD 471,000
Shareholders and liability: The liability is limited to the amount of share, except in the case of a bankruptcy caused by founders where the liability can be beyond the value of share capital.
General partnership
Number of partners: No minimum
Capital (max/min): USD 1,000
Shareholders and liability: Limited by contributions.
Limited partnership
Number of partners: No minimum
Capital (max/min): USD 1,000
Shareholders and liability: Limited by contributions.
The Competent Organization
Ministry of Justice
 
Setting Up a Company Kazakhstan Eastern Europe & Central Asia
Procedures (number) 6.0 6.0
Time (days) 19.0 14.0

Source: Doing Business.

 
Business Setup Procedures
Consult Doing Business Website, to know about procedures to start a Business in Kazakhstan.
Invest in Kazakhstan, Business Registration.

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The Active Population in Figures

201120122013
Labor force 8,777,0008,540,0009,022,000

Source: CIA - The world factbook

 
200920102011
Total activity rate -70.60%71.60%
Men activity rate 76.30%76.80%77.20%
Women activity rate 65.70%66.40%66.60%

Source: UN - United Nations

 

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Working Conditions

Legal Weekly Duration
40 hours
Retirement Age
61 years
Working Contracts
The labor contract is governed by legal provisions and to a lesser extent by collective agreements and individual negotiation.
The formalism of labor contract is very rigid. The procedures for layoff and hiring are rather flexible.
Labor Laws
Consult Doing Business Website, to obtain a summary of the labor regulations that apply to local entreprises.

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Cost of Labor

Minimum Wage
KZT 15,999 per month (source: ILO, 2011).
Average Wage
Gross average monthly wage of men: KZT 92,764 (source: ILO, 2010);
Gross average monthly wage of women: KZT 61,104 (source: ILO, 2010).
Social contributions
Social Security Contributions Paid By Employers: 31.5%.
Social Security Contributions Paid By Employees: Every employee should pay 10% of his salary to pension fund whose present withdrawals benefit them and they should also contribute for their own withdrawal.

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Social Partners

Social Dialogue and Involvement of Social Partners
The employees are protected against any anti union discrimination by the law. But violations to this law have taken place (union members have been dismissed and threatened). Big enterprises have also created conditions so that creation of a union and collective negotiations are rendered impossible.

The law guarantees the right to strike but its application is legally highly controlled. The government has drawn a list of strategic industries and companies in which strike is authorised according to certain conditions. Generally, the employees can only go on strike if a dispute has not been resolved through existing arbitration channels. The employees should necessarily give the employers an advance notice of 15 days for the strike.

Unions
Federation of Unions
Unionization Rate
32.8 % in 2006 (as per Federation of Unions)
Labor Regulation Bodies
Labor Ministry

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Last Updates: January 2015