The ISO code of Kazakhstan is KZ according to the ISO 3166 standard. The local name of the country is Qazaqstan. Kazakhstan capital city is Astana. People in Kazakhstan speak the Kazakh, and Russian languages. On 30 August 1995, Kazakhstan emerged as a sovereign political entity. In the year 08/30/1995, Kazakhstan emerged as a sovereign political entity. The largest cities in Kazakhstan are Astana, Almaty, Shymkent.
Kazakhstan has different time zones. They are UTC +05:00 (ORAT - Oral Time Zone), UTC +06:00 (ALMT - Alma-Ata Time Zone).The internet country code top-level domain (ccTLD) for Kazakhstan is .kz. Other domains assigned to Kazakhstan are .қаз. The International dialing codes for Kazakhstan are +76, +77. People in Kazakhstan drive on the right side of the road. Total land area of Kazakhstan is 2,724,900 km² (approx. 1,052,085 mi²). Kazakhstan is a landlocked country.
Kazakhstan is located in Asia. Kazakhstan is considered to be a developing nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life.
Currently Kazakhstan faces various issues, including radioactive or toxic chemical sites associated with former defense industries and test ranges scattered throughout the country pose health risks for humans and animals, industrial pollution is severe in some cities, because the two main rivers that flowed into the Aral Sea have been diverted for irrigation, it is drying up and leaving behind a harmful layer of chemical pesticides and natural salts, these substances are then picked up by the wind and blown into noxious dust storms, pollution in the Caspian Sea, soil pollution from overuse of agricultural chemicals and salination from poor infrastructure and wasteful irrigation practices.
Doing business in Kazakhstan
We offer various corporate services in Kazakhstan jurisdiction. These services can serve both, people coming from Kazakhstan and foreigners. If you plan on doing business in Kazakhstan you might be interested in contacting us.
To find out about starting your business in Kazakhstan click on company formation in Kazakhstan.
To find out how to open a bank account in Kazakhstan and moreover what type of account Confidus Solutions suggests to create, please click on bank account in Kazakhstan.
Choose preferred service below or continue reading to find out more about Kazakhstan.
Demographics of Kazakhstan
The total population of Kazakhstan is 18,403,860 people. In Kazakhstan, the population density is 6.31 people per square kilometer (16 per square mile). Because of this statistic, this country is considered to be very sparsely. The ethnic diversity is rather diverse according to a fractionalization scale which for Kazakhstan is 0.6171. Kazakhstan has approximately 3546778 foreign immigrants. The median age is approximately 29.7 years. In Kazakhstan, 53.32 in every 100 people use internet. Kazakhstan has a Human Development Index (HDI) of 0.757.
The majority religion of Kazakhstan is Islam, Kazakhstan is considered to be a developing nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. Click on a link to read more on demographics of Kazakhstan.
Culture of Kazakhstan
People in Kazakhstan speak the Kazakh, and Russian languages. According to data on inbound tourists in Kazakhstan, 4,926,000 tourists arrive in the country each year. One of the most popular national dishes of Kazakhstan is beshbarmak. To read more click on culture of Kazakhstan.
Geography of Kazakhstan
Kazakhstan is considered to be a vast nation because of its total area. Its total land area is 2,724,900 km² (approx. 1,052,085 mi²). Kazakhstan is located in Asia. Its capital city is Astana. Kazakhstan has 5 neighbouring countries. Its neighbours include People's Republic of China, Kyrgyzstan, Russia, Turkmenistan, and Uzbekistan. Total length of land borders of Kazakhstan is 13364 kilometers (~5,160 miles).
The highest point of Kazakhstan is Khan Tengri, with its official height being 7010 m (23,000 ft). Including land mass and EEZ, the total area of Kazakhstan is approximately 2,724,900 km² (~1,052,085 mi²). The most notable natural resources found in Kazakhstan are petroleum, natural gas, coal, iron ore, manganese, chrome ore, nickel, cobalt, copper, molybdenum, lead, zinc, bauxite, gold, uranium.To read more click on geography of Kazakhstan.
Economy of Kazakhstan
The currency of the country is Kazakhstani tenge. The symbol used for this currency is ₸, and it is abbreviated as KZT. 4.9% of population in the country are unemployed. The total number of unemployed people in Kazakhstan is 901,789. Each year, Kazakhstan exports around $87.23 billion and imports roughly $52.03 billion. The Gini Index of the country is 28.9. Kazakhstan has a Human Development Index (HDI) of 0.757.The Global Peace Index (GPI) for Kazakhstan is 2.008. Kazakhstan has a government debt of 125.3% of the country's Gross Domestic Product (GDP), as assessed in 2012. Kazakhstan is considered to be a developing nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. Major industries in the country are oil, coal, iron ore, manganese, chromite, lead, zinc, copper, titanium, bauxite, gold, silver, phosphates, sulfur, uranium, iron and steel, tractors and other agricultural machinery, electric motors, construction materials.
The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in Kazakhstan is $420,007 billion. Each year, consumers spend around $50,287 million. The ratio of consumer spending to GDP in Kazakhstan is 0%, and the ratio of consumer spending to the world consumer market is 0.145. The corporate tax in Kazakhstan is set at 20%. VAT in Kazakhstan is 12%. In 2013, Kazakhstan received 129.6 million USD in foreign aid.In 2014, the foreign aid amounted to 215.5 USD.To read more click on economy of Kazakhstan.
Infrastructure of Kazakhstan
Infrastructure quality in Kazakhstan is rated to be at 2.38. It indicates a mediocre quality - roads, railroad, ports and other facilities are able to handle somewhat significant traffic, but not enough to ensure smooth transit at all times.
In Kazakhstan, 100% of the population has access to electricity. There are 67,464 internet hosts in Kazakhstan. Kazakhstan has 96 airports nationwide.
The logistics performance index of Kazakhstan is 2.7. It indicates a satisfactory performance - in general, traffic is handeled well, some flaws in certain areas are possible, but overall the logistics system performs reliably and is ready to handle predictable amounts of traffic.
Tracking possibilities for shipments are rated at 2.83. It indicates a satisfactory performance - the tracking systems provide all the basic information as well as additional data about shipments; most of the times it also has a weel established cooperation with foreign and international tracking systems, as well as usually provides information in multiple languages.
The number of road motor vehicles per 1000 inhabitants in Kazakhstan is 150. To read more click on infrastructure of Kazakhstan.
Politics of Kazakhstan
Kazakhstan, is a unitary dominant-party presidential republic. With regard to political and civil freedoms, Kazakhstan is 3. Citizens in Kazakhstan experience little to no civil liberties and political rights. Citizens are not free to express themselves and do not enjoy political freedom or a representative government. Countries with this political situation are dangerous for investment, as an authoritarian government may have outsize control over economic matters. The head of the government is Nursultan Nazarbayev.
According to the World Bank Group, the government effectiveness index of Kazakhstan is -0.02. This indicates that the government of Kazakhstan is mediocre. While some public and civil services are limited, in other cases they can be considered adequate or even effective. Potential investors should carefully evaluate the governmental situation in Kazakhstan before considering any business maneuvers.In Kazakhstan, the legislative power is vested in a Parliament. The Global Peace Index (GPI) for Kazakhstan is 2.008. The strength of legal rights index for Kazakhstan is 4. Overall, it is considered to be rather inadequate - bankruptcy and collateral laws are able to protect the rights of borrowers and lenders to some degree; credit information may be sufficient, but hardly available, or, the oppoiste case, available but not sufficient. In 2013, Kazakhstan received 129.6 million USD in foreign aid. In 2014, the foreign aid amounted to 215.5 USD. Kazakhstan is a member of the United Nations (UN). On 2 March 1992, it joined the UN as a full member state. Kazakhstan is a member of the World Bank. To read more click on politics of Kazakhstan.
Environment of Kazakhstan
Kazakhstan emits 15.8 metric tons per capita of CO2. 54498 km² of Kazakhstan's territory is covered in forests. and forest land comprises 2% of all the land in the country. The number of road motor vehicles per 1000 inhabitants in Kazakhstan is 150. To read more click on environment of Kazakhstan.
Company formation in Kazakhstan
The development of telecommunications and economic globalization has made it possible for interested investors to form companies around the world. With proper research, financial investments, and legal backing, business ventures can safely be established in Kazakhstan.
When establishing a company in Kazakhstan, an interested investor must do due diligence with regard to legal processes, international regulations, and sufficient investment for success. It is critical to understand cultural, social, and political factors of Kazakhstan that will affect the establishment and growth of one's business. Contact us or click on company formation in Kazakhstan to read additional information when setting up a business.
Bank account opening in Kazakhstan
With the right paperwork and initial outlay, it is possible for a foreign citizen to open a bank account in Kazakhstan. This opportunity for international accounts and investments offers several advantages based on economic regulations and tax structures. Interest rates and fees vary depending on your interests.
When considering opening a bank account in Kazakhstan, one must enlist the help of international experts to guide them through the process. To find out more about our banking services click on bank account in Kazakhstan or contact us.