The Kesarev team prepared a special memo to dig into the tax incentives and measures planned by the Kazakh government to attract investments in the coming months and 2021.

Deploying an early and strict country-wide quarantine helped to contain the rapid spread of the coronavirus but also caused a severe economic downside being the worst since 1998.

To respond to the ongoing crisis and stimulate a recovery the Kazakh Government employed a range of new and already-existed tax incentives. The idea is clear - to increase the country's attractiveness for investors, both domestic and international.

Kesarev tries to find the answer why some experts doubt that they would be enough to reduce oil dependency and start a new wave of investment.

For further information on the subject of this memo please contact (Daniyar Koshenov, Senior Counsel).