The Republic of Kazakhstan is located in Central Asia. This country has a population of over 18 million, and it is the ninth largest country in the world. Its economy is the strongest performing economy in Central Asia, and its GDP rate is at $9,686. In Kazakhstan, the major factor in improving international trade are small and medium enterprises.
Disclaimer: Be aware that this article is not a substitute for legal advice. Please always check official websites or seek legal advice before you take action.
Sole proprietorship in Kazakhstan
A sole proprietorship is the simplest structure that could be chosen for the beginning of a business. It is a business type owned and run by one individual without a difference between the manager and the owner. Citizens of Kazakhstan can operate as sole proprietors without registering as a legal entity. But at the point where they hire employees, they must get registered as a sole proprietor.
How to register a sole proprietorship
This is a very straightforward process that lasts no more than a day. You should only send a notification on the commencement of activities as a sole proprietor. The notification is submitted in an online format to the Electronic Government or in-person to the district offices of the State revenue body.
The documents you will need to register a sole proprietorship are:
- Identity card
- List of business activities
For the business name, you can use either your name or a fictitious trade name.