Last Friday, Bank CenterCredit gathered Kazakhstani entrepreneurs for a business meeting dedicated to the challenges of effective management and marketing in modern conditions. The discussion focused on business needs, development prospects, the importance of supply chains in the economy, and opportunities for optimizing these processes.
To win a grant, secure a bank loan, or obtain land for your business, an aspiring entrepreneur must present a business plan. This document is also essential for the businessperson to understand how to run the business efficiently, minimize costs, and achieve the expected profit.
The commonly used debit card allows individuals to make payments using their own funds. A credit card also enables transactions, but the payments are made using the bank's money, not the client’s. Let’s try to explain in simple terms what a credit card is and how it differs from other cards.
When registering an LLP (Limited Liability Partnership) in Kazakhstan, entrepreneurs provide crucial information, such as the legal address and the list of founders. But what should they do if this information changes? In such cases, a re-registration procedure for the LLP is required.
Individual entrepreneurs and partnerships operating under a simplified system in 2025 must submit Form 910 to regulatory authorities. This declaration contains data on income, taxes paid (including Personal Income Tax and social tax, totaling 3% of income), deductions made for oneself and employees. The form allows reporting these parameters for each month of the half-year.
Since the beginning of the year, mobile transfers have become a significant topic among Kazakhstani citizens. This is largely due to the fact that, starting January 1st, tax authorities began scrutinizing these transfers to identify entrepreneurs evading taxes. Some small business owners, concerned about these inspections, have already stopped using mobile transfers and have shifted to cash-only transactions, leading to an increase in cash circulation. However, it is important to understand under what conditions an entrepreneur may come under the scrutiny of tax authorities and what consequences this could entail. We will discuss this in our article.
Vivienne Westwood, the British fashion designer and one of the most famous designers in the world, had a simple style secret: "Choose your clothes carefully, buy less, and wear them longer." She is also known for another famous phrase in fashion circles: "Buy less, choose well, make it last." Unfortunately, most people do not follow this rule: according to statistics, people spend up to 20% of their budget on clothing. Yet many are dissatisfied with the results: money is almost gone, and there's still nothing to wear. This suggests that your wardrobe is likely not organized correctly.
In today's world, cashless payments have become an integral part of every Kazakhstani's life. However, the restrictions introduced this year on accepting payments through bank transfers present new challenges for entrepreneurs. Let's take a closer look at the features of cashless payments.
In mid-March, Bank CenterCredit launched a series of interviews featuring Kazakhstani entrepreneurs. The protagonist of the first interview was Gulmira Aytimbetova. Her story is truly inspiring: she embarked on a challenging journey from running a small tailor shop in a rented apartment to establishing her own business, whose clients now include some of the largest Kazakhstani and international companies. Among them are the luxury hotel chain The Ritz-Carlton, the Shymkent Brewery, the SMALL supermarket chain, and the Kazakhstan Hotel.
Today, GUITEX is one of the largest companies in the country specializing in corporate clothing production. It boasts over 100 regular organizational clients, and its production volume reaches 60 million tenge.
Wildberries, Ozon, Lamoda – these marketplaces are used by thousands of Kazakhstani citizens daily to order goods. For example, within just one year, Ozon’s turnover in Kazakhstan increased tenfold, and the number of orders per active customer approached 20 per year. An equally large number of people use the courier service SDEK. Therefore, opening a pickup point (PVP) for these companies is a promising business idea.
The Labor Code of Kazakhstan and other national laws state that every employee is entitled to an annual paid leave, and 2025 is no exception. While vacation is a time for employees to rest and recharge, for an accountant, it is a busy period: they must handle all the paperwork (applications, orders), consider the type of leave, and calculate the number of days and the amount of vacation pay according to Kazakhstan’s legislation.
How should vacation days be calculated in Kazakhstan in 2025? What nuances should be considered? We will answer these questions, taking into account the types of leave relevant for Kazakhstan.
Any companies and individuals with whom you conduct business are considered your counterparties. The success of your transactions equally depends on both you and your partners. This means that entering into business relationships is only advisable with verified, reliable, and responsible partners. Unfortunately, not all counterparties meet these criteria. How can you determine whether a partner is trustworthy? You need to assess the counterparty's risk level.
The New Year traditionally brings new legislative norms in Kazakhstan. Starting January 1, 2025, companies in Kazakhstan are required to make mandatory employer pension contributions (OPVR) for their employees. It is important to note that these contributions are only required for employees born after January 1, 1975.
To manage work time effectively, optimally distribute workloads considering the specifics of each employee's work, and efficiently plan vacation time, companies in Kazakhstan use a production calendar. In 2024, there will be 249 working days (for a five-day workweek), with 117 days designated as weekends and holidays.
The new year 2025 brings yet another change for business owners in Kazakhstan: starting January 1, individual entrepreneurs and legal entities are required to undergo universal income declaration. This process, essentially a business assets census, applies to all entrepreneurs regardless of their industry. Thus, the submission of Declaration Form 250 is required for everyone from small shop owners and confectioners to large enterprise managers.
For novice individual entrepreneurs, accounting can be a daunting task. The fear of making mistakes, which could lead to fines and other problems, is very real. Outsourcing accounting tasks may seem like an attractive option, but hiring an external accountant is often too expensive for those just starting out in business.
However, accounting can be done independently—correctly, efficiently, and without risks. How can this be achieved? One of the modern solutions is online accounting.
To cease the activities of a company registered as a Limited Liability Partnership (LLP), one must go through the liquidation process, which takes about four months and requires thorough preparation.
Interestingly, the decision to close an LLP in Kazakhstan is not always made by the partnership's founders. In some cases, it happens involuntarily—by court order. For example, a common reason for forced LLP closure in Kazakhstan in 2023 was bankruptcy. Other reasons include registration violations (such as the owner failing to register the partnership with the tax authorities or being unable to obtain a BIN in time).
How can you close an LLP in Kazakhstan in 2025, and is it possible to do it online? What documents are required for closure? What pitfalls should you be aware of? Let's take a step-by-step look at the process.
Today, the perception of the phrase "made in China" has dramatically changed. Firstly, high-quality products are manufactured in China. Secondly, nearly everything is produced in local factories—from jewelry and branded clothing to household appliances and industrial equipment. It's no wonder that China is becoming an increasingly attractive destination for those who are starting a business or want to grow their existing ventures.