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Over the past several years, Kazakhstan has slowly been improving the way business is conducted. Finally, in 2011, Kazakhstan improved their business regulations more than that of any other country. This includes making it easier for businesses to start up and improving technology at the borders.
The conditions for starting a business, obtaining construction permits, international trading and the protection of investors all improved as a result of the Kazakhstan Democracy. By improving these conditions, businesses had an easier time starting up and eventually expanding. The primary regulation that streamlined business start-up also reduced the minimum capital requirement, thus making it financially easier for any business to open its doors.
Furthermore, with the passage of new building regulations in 2009, all construction requirements could be handled in one place. This is due to automated information and risk-based systems that modernized the process.
In addition to automated construction requirements, trade related documentation, like a bill of lading, can be electronically submitted with customs information sent prior to the shipment of the cargo. This significantly improves efficiency, thus decreasing the amount of time a shipment is delayed as a result of paperwork issues.
Additional modernization efforts are in process such as the implementation of an advanced TC-Scan inspection system, which will be placed at the border crossing between Kazakhstan and China.
With the assistance of technology to improve organization and efficiency, Kazakhstan is implementing modern controls which will eventually make them a major contributor the global economy. Also, new regulations are helping businesses start up and grow within the country to improve the local economy.
