BAKU, Azerbaijan, May 21
By Nargiz Sadikhova - Trend:
An investment contract for the implementation of an investment project involving investment and provision of investment preferences’ service was concluded online in Kazakhstan, Trend reports with reference to Kazakhstan’s KazakhInvest National Company.
The company said that the automation of the public service on the elicense.kz portal allows optimizing business processes for investors.
These types of contracts include an investment contract for a full-scale grant and customs preferences, and an investment priority contract with tax and customs benefits.
“Development of a technical opportunity for concluding investment contracts in an online format entails a number of changes, including simplification of the application process and its approval, automation of licensing processes, permits, enabling effective interaction between the state and business community,” the company said.
Along with this, the transfer of the service to the online format will minimize contacts between the authorized organization and an investor, thus saving time. In addition, the terms for the provision of services have been reduced up to 27 working days.
The user interface is designed taking into account the requirements for automation of services - ease of receipt and minimization of the need for independent appeal to government agencies.
As a result of interagency integration, automatic interaction is ensured between the State Revenue Committee of the Ministry of Finance of the Republic of Kazakhstan, the Ministry of Agriculture of the Republic of Kazakhstan, local executive bodies at the place of project implementation, etc.
The first investment contract has already been concluded online through the elicense.kz portal. The contract amounting to over 5 billion tenge ($12 million) was concluded between Kaz Solar 50, which implements a renewable energy project with a capacity of 26 MW in Karaganda region, and the German company Solarnet Investment GmbH.
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