As an emerging market Kazakhstan is facing many challenges, therefore the Government of Kazakhstan is currently taking steps towards further improvement of the investment climate on the domestic market. In its investment policy, Kazakhstan adheres to the principles of stability and predictability; transparent legal norms; protection of investors’ legal rights; equal conditions for foreign and local investors; sanctity of contracts; encouraging direct investments to the priority sectors of the economy.

 

In this regard the Government of Kazakhstan tries to take measures after prior consultations and exchange of views with foreign investors, particularly, within the framework of the Foreign Investors’ Council (FIC) set up under the President of Kazakhstan in June 1998.

 

The laws of Kazakhstan have established a single investment regime for both domestic and foreign investors. The country guarantees stability of contracts where investors enter into contracts with Kazakh State agencies, with the exception of a change of law intended for national or ecological security, public health or morality, or if it affects the procedure or conditions of import, production and/or sales of excisable goods.