The Asia-Pacific Commerce and Industry Confederation (APCIC) is pleased to present this guide to Kazakhstan, the largest economy in Central Asia and a key player in regional trade and investment. This report provides insights into Kazakhstan’s economic landscape, key industries, trade policies, taxation framework, and strategic recommendations for APCIC members exploring opportunities in this resource-rich and strategically located market.
1. Panorama económico
Kazakhstan, with a GDP of approximately $230 billion in 2023, is Central Asia’s largest economy. Known for its vast natural resources, strategic location, and economic reforms, Kazakhstan is a critical hub for trade between Europe and Asia.
Principais indicadores económicos:
- crescimento do PIB: Estimated at 4.3% in 2023, driven by energy exports, industrial production, and infrastructure investment.
- População: Approximately 20 million, with a growing urban population and rising middle class.
- Taxa de inflação: Stabilized at 8.5% in 2023, reflecting effective monetary measures amid global economic pressures.
2. Principais sectores de atividade
Kazakhstan’s economy is anchored by resource wealth and diversification into emerging sectors:
- Energy and Mining: A leading exporter of oil, gas, uranium, and rare earth minerals, Kazakhstan is a global resource hub.
- Agricultura e agroalimentar: One of the largest producers of wheat and livestock in Central Asia, with growing focus on organic and processed food exports.
- Infrastructure and Transport: Investments in the Belt and Road Initiative (BRI) have positioned Kazakhstan as a logistics hub between Europe and Asia.
- Energias renováveis: Investments in wind, solar, and hydropower align with Kazakhstan’s carbon neutrality goals by 2060.
- Fabrico: Growth in metallurgy, machinery, and chemicals, supported by economic diversification initiatives.
- Technology and Digitalization: Emerging sectors include fintech, e-commerce, and IT services, driven by government support for digital transformation.
3. Políticas comerciais
Kazakhstan’s trade policies focus on regional integration and global market access:
- Eurasian Economic Union (EAEU): Membership facilitates duty-free trade with Russia, Belarus, Armenia, and Kyrgyzstan.
- Belt and Road Initiative (BRI): Kazakhstan’s role in the BRI enhances its connectivity with China, Europe, and other trade partners.
- Acordos de comércio livre (ACL): Active agreements with key partners in Asia, Europe, and the Middle East.
- Economia orientada para a exportação: Policies support exports of energy, minerals, and agricultural products.
4. Enquadramento fiscal
Kazakhstan offers a competitive tax system to attract foreign direct investment (FDI):
- Imposto sobre as sociedades: Standard rate of 20%, with reduced rates and exemptions for priority sectors and special economic zones.
- Imposto sobre o Valor Acrescentado (IVA): Standard rate of 12%, applicable to most goods and services.
- Imposto sobre o rendimento das pessoas singulares: Flat rate of 10%, one of the lowest globally.
- Incentivos ao investimento: Tax holidays, customs exemptions, and grants are available for investments in renewable energy, infrastructure, and R&D.
5. Clima de investimento
Kazakhstan provides a stable and business-friendly environment for investment:
- Localização estratégica: Positioned along key trade routes, Kazakhstan is a gateway for commerce between Europe, Asia, and the Middle East.
- Natural Resource Wealth: Abundant reserves of oil, gas, and minerals provide opportunities in extraction and value-added processing.
- Mão de obra qualificada: A growing pool of educated professionals supports industries like energy, technology, and manufacturing.
- Desenvolvimento de infra-estruturas: Modern transport networks, including railways, highways, and logistics centers, enhance trade efficiency.
- Ecossistema de inovação: Government initiatives support startups and innovation in digital and green technologies.
6. Recomendações estratégicas
For APCIC members considering investments or trade in Kazakhstan:
- Leverage Energy and Mining Opportunities: Partner with local firms to explore and process oil, gas, and rare earth minerals for global markets.
- Expand in Agri-Business: Invest in wheat, livestock, and food processing to meet growing demand in Asia and Europe.
- Participar em projectos de energias renováveis: Explore wind, solar, and hydropower initiatives aligned with Kazakhstan’s sustainability goals.
- Engage in Infrastructure Development: Collaborate on transport, logistics, and urban development projects supported by the Belt and Road Initiative.
- Explorar a transformação digital: Invest in fintech, IT services, and e-commerce sectors driven by Kazakhstan’s digitalization efforts.
- Utilize Special Economic Zones: Establish operations in SEZs to benefit from tax incentives, streamlined regulations, and strategic locations.
Conclusão
Kazakhstan’s resource wealth, strategic location, and economic diversification make it a prime destination for trade and investment. APCIC members are encouraged to use this guide to navigate opportunities in Kazakhstan and establish a strong presence in one of Central Asia’s most dynamic economies.