The legislation of the Republic of Kazakhstan provides an extensive list of activities that are subjects to obligatory licensing. The procedure for obtaining licenses is quite complicated and consists of several obligatory stages, which are connected by applying to different state authorities.
In order to obtain a license, an applying company has to meet the qualification requirements of a particular type of activity, which is confirmed by opinions of state authorities or by an independent expert appraisal.
Our qualified lawyers are pleased to advise you on issues of licensing by providing Due Diligence, which means the comprehensive analysis of the company’s business in terms of its conformity to the qualification requirements imposed by state authorities in order to decide on issuing of licenses.
Due Diligence may be also required to check for the availability of necessary licenses and permits and observance of licensing legislation by the company in the course of doing its own business.
Due Diligence may be performed at the different stages, mainly at the beginning of the licensing process at further stages, including the stages of submitting reports and renewal of licenses, etc.
Due Diligence allows a company to evaluate its qualification characteristics, minimise risks, recover gaps and complete necessary processes.
After examination and analysis of all information and interviewing, the Due Diligence Report is prepared. The report is made in written form.
If you decide to make use of our services, we will provide you with the detailed Due Diligence information with responses to all of your questions.
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GRATA International secured its position in Legal 500 EMEA 2018 rankings across 8 countries – Azerbaijan, Belarus, Georgia, Kazakhstan, Kyrgyzstan, Russia, Tajikistan and Uzbekistan.
Uzbekistan is becoming more open to investment and foreign investors. Only in the last month, two more free economic zones were created.
In Uzbekistan, starting from June 1, 2018, licenses will be issued for an unlimited period, except for those related to drug trafficking, psychotropic substances and precursors, as well as cellular communication, radio and television broadcasting. This is stipulated by the decree of the President of Uzbekistan Shavkat Mirziyoyev from 11.04.2018 No. PD- 5409, on the reduction and simplification of licensing and permitting procedures.
National Project Management Agency under the President of the Republic of Uzbekistan prepared a draft concept on radical reform of the tax system. The document envisages reducing the tax burden, the VAT rate, unification and cancellation of a number of taxes and mandatory payments, as well as measures to improve tax administration.
Insurance functions as a tool to optimize financing process of recovery of the resources lost as a result of random events and by this insurance considerably decreases financial load to the budget of the state. Insurance aids to avoid also such serious macroeconomic problems as the growth of the public expenditures and the budget deficit which is an inflationary factor. The subject of the current state and development of the insurance market in Uzbekistan remains relevant today.
In Russia, on the participant of legal relations is entrusted serious risks associated with the manifestation of due diligence and prudence, which are often a condition for the subsequent protection of rights before state bodies and courts, including in disputing transactions.
This is related to the Decree No. 7 as well. The Government has recently shortened the list of construction activities subject to “attestation” (it is like certification, but different from the previous news item). A lot of “simple” construction works were eliminated from the list, like design works, doors and windows installation etc. So a lot of small construction companies that perform just internal works will be able to perform their activities without the special certificate. This is mostly interesting for the companies whose special certificate is going to expire soon. You do not need to prolongate it.
Long can we talk about the innovations of the Decree No. 7. In this month we would like to describe the simplified certification procedure for works and goods, as the new documents in this sphere were adopted in March. They are not fundamental, however, they make the procedure easier, more comfortable for the applicant.
Kaisar Yegizbayev is a lawyer at the Tax law department of GRATA International. He gave a guest lecture to Caspian University students on the 'BEPS. OECD actions against aggressive tax planning'.
On 27 December 2017, Kazakhstan adopted a new Code on Subsoil and Subsoil Use for mining companies (the “Code”) to come into force six months after its official publication. The Code will replace the current Law on Subsoil and Subsoil Use dated 24 June 2010 save for a limited number of provisions applicable to those subsoil users that will keep their subsoil use contracts without transitioning to relevant subsoil use licences.
From 23-25 April 2018 the English Law summit, organised by the Law Society (UK) in partnership with the Bar Council (UK), the UK Ministry of Justice and the British Embassy in Astana will take place in Astana and Almaty.
At the Pharmaceutical Forum of the EAEU and CIS countries held in Moscow in late February 2018, the Director of the Department of Technical Regulation and Accreditation of the Eurasian Economic Commission (EEС) said that the full-scale work on registration of medicines using the unified information system of the Eurasian Economic Union (EAEU) will start upon its launch scheduled on the first half of 2018. Currently, the integration segment of this system is ready, and the work to prepare national segments in each state of the EAEU is underway. Representatives of the regulatory authority of Kazakhstan reported that the first applications for registration of medicines under the unified EAEU rules had already been submitted, and representatives of the Belarus regulator confirmed their readiness to accept such applications.
On March 1, 2018, changes in The License Conditions for the Implementation of Economic Activities for the Production of Drugs, Wholesale and Retail Trade of Drugs, and the Import of Drugs (other than Active Pharmaceutical Ingredients) in the part provided for in the Decree of the Cabinet of Ministers of Ukraine No. 929 dated November 30, 2016, will come into force.
The List of Drugs Prohibited for Advertising, Which Are Released Without a Prescription with amendments added in accordance with the Order of the Ministry of Health of Ukraine № 1408 (dated February 14, 2017) comes into force on February 16, 2018.
On January 18, 2018, The Law of Ukraine "On feed safety and hygiene" No. 2264-VIII dated December 21, 2017, was signed by the President of Ukraine, and returned to the Parliament of Ukraine. The Law will come into force in stages until fully in 2020.
The Resolution of the Cabinet of Ministers of Ukraine "On Amendments to Decrees of the Cabinet of Ministers of Ukraine No. 725 dated August 25, 2010, and No. 1107 dated October 26, 2011" came into force on February 8, 2018.
On February 7, 2018, the Cabinet of Ministers of Ukraine adopted a decision "On Approving the Procedure for Using Funds Provided in the State Budget to Implement Measures to Ensure Domestic Production of Coal Products and Further Reforming the Public Sector of the Coal Industry."
On February 7, 2018, the Decision of the Cabinet of Ministers of Ukraine came into force.
The Decision of the Cabinet of Ministers of Ukraine from December 27, 2017 No. 1064 was amended in:
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