World Monitor Magazine, Business and Investments WM_march 2019_web | Page 35

INVEST TO KAZAKHSTAN
DEVELOPMENT OF MASS ENTREPRENEURSHIP AND
GROWTH OF PRIVATE INVESTMENTS
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Tourism
Modern production
Development
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Financial sector
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of your hands; companies often specify
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and public sector
development of the Strategy for the
Development of the City of Astana
until 2050, taking into account the
prospective urban population. The
fundamental basis of this strategy
will be priority sectors that will
develop in conjunction with a
synergistic effect.
We studied world experience, looked
at how megacities are developing,
analyzed their economic structure.
Taking into account the existing
advantages they identified priority
sectors, in particular five trade-
oriented ones (tourism, development,
modern production, financial center,
services for the public sector and
international organizations) and five
supporting (education, health, trade
and logistics, culture and sports,
creative sectors). These are the
sectors that will give the maximum
effect for the development of the
capital, given its potential and
capabilities. In the experience of many
large cities, we have focused on the
development of modern industries
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Culture,
creative sectors
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Sport
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Health
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Education
Frequently, your initial font choice is taken out
of your hands; companies often specify
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and productive services. More
specifically, it is the development of
the infrastructure of public spaces,
industrial parks, schools, hospitals,
residential
complexes,
shopping
centres, parks and much more,
which is extremely important for a
global city. For each sector, we have
developed value propositions for
investors. For example, in the field of
education there are investors ready
to build private schools in accordance
with international standards, and we
have identified sites for construction.
We hope to reach a specific result in
the near future.
At the same time, it should be noted
that further improvement of the
investment climate and development
of the stock market are important for
the city. This is one of the main tasks
of the International Financial Centre
‘Astana’, which began its work. Using
the best international experience,
it should become a regional hub,
applying English law and modern
financial technologies.
Trade and logistics
No less significant a niche in the
line of instruments for attracting
investment is created by special
economic zones ‘Astana - new city’,
‘Astana – Technopolis’. It provides a
number of customs and tax incentives
for investors, in particular exemption
from corporate income tax, VAT
refunds to suppliers of goods when
building objects in the administrative
and business centre, land tax, property
tax, land lease and simplified regime
for importing foreign force.
Now we are doing point work with
investors. Together with the regional
institute in the field of attracting
investments of Astana Invest, we assist
investors at every stage of the development
of their business, starting with obtaining
an investor visa, ending with signing a
contract. The whole process includes
escorting investors in obtaining public
services, consulting on the possibilities of
locating the proposed investment project,
using state investment support tools,
providing all kinds of assistance, including
finding housing.
supported by EUROBAK
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