Both individuals and entrepreneurs may face situations where they lack sufficient personal funds for specific needs — for example, purchasing home appliances or raw materials for production. In such cases, the optimal solution is to apply for a bank loan. However, alongside standard loan products, banks in Kazakhstan also offer tools such as an overdraft, a credit line, and an account credit limit.
To enable a buyer to pay for goods and services in the Republic of Kazakhstan, it is necessary to create an invoice, which is more conveniently and quickly done online. This document is one of the primary ones in transactions between counterparties. How accurately it is filled out determines the successful transfer of funds to the seller or service provider's account.
This series of interviews with Kazakhstani entrepreneurs continues with the story of Maria Lipinskaya, the founder of "AsiaEliteFoodGroup." Today, the company produces more than 50 types of dairy products, including sour cream, cream, and cottage cheese, and its workforce has long exceeded 50 employees.
However, 20 years ago, the thought of a massive production facility was not even a dream. Maria worked at a successful company, and a chance event led her to contemplate starting her own business. The owner of the enterprise where Maria worked decided to change the business's profile. These changes motivated Maria to take a bold step – she left her job and opened her own company specializing in the sale of raw materials and ingredients for dairy production. The company quickly gained a solid reputation in the market, actively developed, and expanded its list of partners. One of these partners suggested to Maria the idea of starting a joint venture.
For decades, the main trading partners of Kazakhstan remained Russia, China, and Uzbekistan. However, since 2010, another promising direction has been developing – trade with Turkey. By 2026, it is considered the most prioritized in the field of investment and trade-economic relations.
The Republic of Kazakhstan has been a member of the Eurasian Economic Union (EAEU) since the day the EAEU was established. Other member countries of the Union are considered priority areas for trade relations. Economic integration is facilitated by the EAEU agreement, which ensures the free movement of goods, labor, and services across the Union’s territory, and a unified policy in various sectors of the economy. To coordinate the movement of goods through customs, the EAEU Customs Union was established. A zero VAT rate is applied when member countries export goods within the Union.
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.
To safeguard employees in cases of incapacity and other risks (such as the loss of a breadwinner, pregnancy, and childbirth), the payer, typically the organization, must regularly make social contributions. These funds are used to provide social benefits to employees.
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 2026 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.
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.
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, 2026, 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.
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.
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