Investment activity - Special investment project

Special investment project

Special investment project - an investment project implemented (implemented) by a legal entity of the Republic of Kazakhstan, registered as a participant in a special economic zone or an owner of a free warehouse in accordance with the customs legislation of the Republic of Kazakhstan, and (or) acquired from a participant in a special economic zone or implemented by a legal entity of the Republic of Kazakhstan Kazakhstan, which concluded an agreement on the industrial assembly of motor vehicles or on the industrial assembly of agricultural machinery and (or) its components

Special investment contract - an agreement providing for the provision of investment preferences for a special investment project;

The following preferences are provided for the special investment project:

1) Exemption from imposition of import  customs duties (link to the Customs Code);

2) Exemption of imports of raw materials and (or) materials under a special investment contract from value added tax in accordance with the tax legislation of the Republic of Kazakhstan.

Exemption from customs duties on used raw materials and (or) materials imported by legal entities of the Republic of Kazakhstan as part of the implementation of a special investment project on the basis of a special investment contract is carried out upon completion of the customs procedure of a free customs zone or free warehouse, provided that such raw materials and materials are identified in received product and recognition of the intended use of conditionally released goods.

For the purposes of applying investment preferences for a special investment project in accordance with the legislation of the Republic of Kazakhstan, a legal entity of the Republic of Kazakhstan must meet one of the following conditions:

1) a legal entity of the Republic of Kazakhstan is registered as a participant in a special economic zone in accordance with the legislation of the Republic of Kazakhstan on special economic and industrial zones;

2) a legal entity of the Republic of Kazakhstan is registered as an owner of a free warehouse in accordance with the customs legislation of the Republic of Kazakhstan;

3) a legal entity of the Republic of Kazakhstan has entered into an agreement on the industrial assembly of motor vehicles and (or) their components, or an agreement on the industrial assembly of agricultural machinery and (or) its components.