PRESIDENTIAL DECREE OF THE REPUBLIC OF KAZAKHSTAN

of June 9, 2021 No. 598

About modification and amendments in the Presidential decree of the Republic of Kazakhstan of June 30, 1998 No. 3985 "About formation of Council of foreign investors in case of the President of the Republic of Kazakhstan"

I DECIDE:

1. Bring in the Presidential decree of the Republic of Kazakhstan of June 30, 1998 No. 3985 "About formation of Council of foreign investors in case of the President of the Republic of Kazakhstan" the following changes and amendments:

in Regulations on Council of foreign investors in case of the President of the Republic of Kazakhstan approved by the above-named Decree:

state Item 13 in the following edition:

"13. The main criterion for admission to membership of Council is the investment in economy of the Republic of Kazakhstan the international organizations and the foreign companies provided by their applicants, direct investments on the amount equivalent to at least 500 million US dollars for the investors working in the field of subsurface use and to at least 125 million US dollars, for investors – in other sectors of economy.

Representatives of the international and other organizations, the banks which are actively participating in work on forming of the favorable investment climate and activation of investment processes in economy of the Republic of Kazakhstan can also be members of council.

However originally the status of the observer of Council is provided to applicants according to the decision of the Commission.";

exclude Item 14;

15, of 16, 17 to state Items in the following edition:

"15. Requests are considered by working body of Council according to the procedure of priority of their receipt and, in case of their compliance to criteria, stipulated in Item the 13th this provision, are submitted for consideration of the Commission.

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