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Astana, Kazakhstan • 08 April, 2024 | 10:41

Kazakhstan Streamlines Business Conduct Law

President approved 1,649 amendments on business facilitation, public supervision, and regulation of state support

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Unsplash/Headway
Unsplash/Headway

On April 6, President Kassym-Jomart Tokayev signed changes to the law governing business conduct in Kazakhstan, QazMonitor reports citing Akorda.

What it means: According to Interfax-Kazakhstan, the President approved 1,649 amendments to 114 legislative acts of the law “Concerning the Introduction of Amendments and Additions to Certain Legislative Acts of Kazakhstan on Improving Business Regulation.” The main body of revisions aims at streamlining forms of public supervision, transitioning from a punitive approach towards businesses to a preventive stance against the offense.

Business facilitation: The revisions reduce irrelevant requirements, such as unnecessary authorization documents and procedures.

Regulation of state support: The government aims to provide local manufacturing enterprises with domestic raw materials at adequate prices, addressing the regulation of prices for staple foods by providing targeted aid to vulnerable communities.

Supervision: The reworked conditions and procedures for early response, governed by sectoral laws enable prompt response from public authorities and prevent the occurrence of dangerous consequences and threats in ten socially important areas. These include the sanitary and epidemiological well-being of the population, architectural and urban planning activities, industrial safety, and protected natural areas.

The revisions regulate the procedure for exercising control over public authorities in ten areas and establish the procedure for exercising public supervision in seven areas removed from the general procedure for exercising control established by the Entrepreneur Code.

The amendments revise the investigation procedures in sanitary and epidemiological well-being of the population, nuclear power utilization, the electric power industry, and plant protection. The investigation will establish the causal link, identify the perpetrating entities, and take appropriate measures.

Evidentiary purchases: The regulations on evidentiary purchases in sanitary and epidemiological well-being of the population have been reworked to meet the requirements for detecting and suppressing the sale of products that do not comply with sanitary and epidemiological regulations of the Eurasian Economic Union.

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