Kazakhstan restricts business checks, mandates prosecutor approval for investor protection
Kazakhstan's General Prosecutor's Office has introduced a system requiring prosecutor approval for business checks to protect investors. This measure aims to prevent undue pressure on businesses by state officials. The initiative aligns with President Tokayev's directive to enhance investment security.
Prosecutor Oversight for Investors
Kazakhstan's General Prosecutor Berik Asylov announced that each significant investment project will be under prosecutor oversight. This move is part of a broader strategy to safeguard investments, with prosecutors assigned to individual investors. The country has signed 48 intergovernmental agreements on investment protection, supporting over 2,000 investors and facilitating 250 projects, according to Tengrinews.
New Legal Framework
The new legal framework includes a 'prosecutor filter' that prevents state bodies from checking businesses without prosecutor consent. This change is set to take effect in December 2025, expanding the General Prosecutor's role as an investment ombudsman. The framework aims to ensure transparency and stability for investors, with the General Prosecutor's Office already helping create approximately 30,000 jobs, Orda.kz reported.
What's Next
The new system will be fully implemented by December 2025. It remains uncertain how this will affect foreign investment inflows.
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Kazakhstan restricts business checks, mandates prosecutor approval for investor protection
