President of Kazakhstan Kassym-Jomart Tokayev held the 38th plenary meeting of the Foreign Investors Council. This was reported by Qazaqyia.kz citing Sputnik Kazakhstan.
The President noted that the primary task is the timely adaptation of the economy and political course to new requirements. Despite unfavorable external conditions, Kazakhstan's economy grew by 6.5 percent last year. The country's GDP exceeded the $300 billion mark.
In terms of investment attraction, our country aims to maintain its leadership in Central Asia. The total volume of foreign direct investment has exceeded $150 billion, accounting for about 70 percent of all funds attracted to the region. These economic successes have been achieved mainly due to political stability, — said Tokayev.
The President highlighted the formation of a modern institutional environment attractive to international business. Also, to simplify investment procedures, a National Digital Investment Platform operating on the 'one-stop shop' principle has been launched. The Investment Headquarters is focused on prompt decision-making and comprehensive state support for investors.
We offer businesses, along with institutional guarantees, long-term specific incentive mechanisms. Today, foreign entrepreneurs can take advantage of the Altyn visa program, which provides tax benefits and simplified migration procedures, — Tokayev stated.