Anton Loginov, Russia’s Trade Representative in Kazakhstan, said: DEA NewsIt was stated that the number of companies with Russian capital in Kazakhstan increased by 70 percent during the year.
“According to official Kazakhstani sources, as of August 1, 2023, more than 41,000 foreign organizations are registered in the country, which is 38% more than last year. 18 thousand of them are Russian capital (+70% compared to the previous period), mostly small and medium-sized enterprises. The share of large enterprises is not even less than one percent,” said Loginov.
According to the trade representative of the Russian Federation, it is not difficult for Russians to open a business in Kazakhstan, given the high level of digitization of the utilities sector. Loginov explained that the average time required to complete all stages of obtaining a BIN (business identification number) for non-resident companies is five to seven business days.
Prior to that, the President of the Russian Federation, Vladimir Putin, said that Russian manufacturers to invade quickly The niches of foreign companies that have left and will continue to do so. According to him, investment activities of private enterprises are encouraged by large-scale government investments in capital facilities as well as infrastructure facilities.
The Wall Street Journal also WroteHe said that against the background of the current geopolitical situation, the United Arab Emirates actively attracts Russian bankers to work in local financial institutions. The country’s largest banks, such as Emirates NBD and First Abu Dhabi Bank, are creating special units to serve wealthy Russians.
Previously recognizedhow the weakening of the ruble will affect the state of the economy.