World Monitor Magazine WM_Energy_ 2019_web | Page 25

INVEST TO KAZAKHSTAN
First of all, at the top of the list are
tax audits. Further, almost all foreign
investors raise issues regarding the
decriminalization of tax offenses,
migration policy, currency regulation,
issuing visas, the import of IRS, as
well as questions about access and
connection to the infrastructure of
new enterprises.
We understand that it is important to
respond to every investor. We bring all
issues to the coordination council of the
government, make changes to regulatory
legal acts, and to maintain dialogue with
investors, we also hold round tables.
Now we are faced with the task, set by
the Minister of Foreign Affairs of the
Republic of Kazakhstan, Atamkulov
Beibut Bakirovich, to respond to
absolutely all incoming requests from
investors, even if they are not related
to the actions of state bodies.
You need to understand that
problematic issues are not always
associated with the unjust actions of
government agencies. As the saying
goes, "the truth is always in the
middle." For example, one company in
Atyrau had a problem with permission
to import foreign labor force. The
company turned to us, but in the end
we found out that they themselves did
not provide the necessary documents
to the state agency. Within a few
days, the problem was resolved, a
resolution was issued.
At the same time, we see that
intermediaries, that is, accompanying
companies, are involved in problematic
issues. It may be in their interest that
the question remains open though,
since they get hourly pay for their
services. For example, we were
approached by a foreign investor
from Aktau whose accounts were
seized for six months. In just a few
days, we identified a problem and the
investor's accounts were reopened. It
turned out that due to the abuse of
some consulting services, for a long
time the issue remained unresolved.
We continue to monitor existing investors
since, according to international statistics,
70% of foreign investments that come to
the country are reinvestments. Therefore,
in order to support our investors,
we must protect them. For us, there
are no small or large investors, all
investors are important.
supported by EUROBAK
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