Investment activity - Special investment project

Special investment project

A special investment project is understood to mean an investment project implemented (being implemented) by a legal entity of the Republic of Kazakhstan registered as a participant in a special economic zone or the 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 that has entered into an agreement on industrial assembly of motor vehicles.

Special investment contract – an agreement providing for investment preferences for a special investment project;

Under a special investment project, the following is provided in the form of investment preferences (hereinafter referred to as investment preferences for a special investment project):

• Exemption from customs duties on used raw materials and (or) materials imported by legal entities of the Republic of Kazakhstan within the framework 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, subject to the identification of such raw materials and materials in the received product and recognition of the intended use of the conditionally released goods;
• Exemption from value added tax on the import of goods as part of finished products manufactured in the territory of a special economic zone or free warehouse in accordance with the tax legislation of the Republic of Kazakhstan;
• Exemption from value added tax on the import of raw materials and (or) materials as part of vehicles and (or) agricultural machinery, as well as their components, placed under the customs procedure of a free warehouse in accordance with the tax legislation of the Republic of Kazakhstan;
• Exemption from value added tax on sales of household appliances and (or) consumer electronics, as well as their components, manufactured in the territory of a special economic zone or free warehouse until January 1, 2028 in accordance with the tax legislation of the Republic of Kazakhstan.

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 the 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.