The Code of the Republic of Kazakhstan «Entrepreneur Code of the Republic of Kazakhstan» (29 October, 2015 № 375-V, has been amended by the 2018)

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The Code of the Republic of Kazakhstan
«Entrepreneur Code of the Republic of Kazakhstan»
(29 October, 2015 № 375-V, has been amended by the 2018)

Unofficial translation

TABLE OF CONTENTS

This Code defines the legal, economic and social conditions and guarantees that ensure the free enterprise in the Republic of Kazakhstan, regulates social relations arising from the interaction of business entities and the state, including government regulation and support for entrepreneurship.

SECTION 1. GENERAL PROVISIONS

Chapter 1. LEGAL PRINCIPLES OF INTERACTION BETWEEN
BUSINESS ENTITIES AND STATE

Article 1. Legislation of the Republic of Kazakhstan on entrepreneurship

1. The legislation of the Republic of Kazakhstan on entrepreneurship is based on the Constitution of the Republic of Kazakhstan and consists of this Code and other regulatory legal acts of the Republic of Kazakhstan.

2. Commodity-money and other property relations based on equality of participants, as well as personal non-property relations connected with property, are regulated by the civil legislation of the Republic of Kazakhstan.

3. If an international treaty ratified by the Republic of Kazakhstan establishes rules other than those provided for by this Code, then the rules of the international treaty shall apply.

4. In the event of gaps or inconsistencies found between the laws of the Republic of Kazakhstan on entrepreneurship contained in the regulatory legal acts of the Republic of Kazakhstan, the provisions of this Code shall apply to the provisions of this Code.

5. Features of certain types of entrepreneurship are established by the laws of the Republic of Kazakhstan.

Article 2. The concept of entrepreneurship and the limits of its legal regulation

1. Entrepreneurship is an independent, initiative activities of citizens, oralmans and legal entities aimed at obtaining net income through the use of property, production, sale of goods, performance of work, provision of services, based on the right of private property (private entrepreneurship) or on the right of economic management or operational management of a state enterprise (state entrepreneurship). Entrepreneurial activities are carried out on behalf of, for risk of, and under the property responsibility of an entrepreneur.

2. Entrepreneurial activities may be limited exclusively by the laws of the Republic of Kazakhstan.

3. Sstate bodies are prohibited to adopt regulatory legal acts establishing the privileged position of individual entrepreneurs.