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What is a sole proprietorship?
According to Article 2 of the Entrepreneurial Code of the Republic of Kazakhstan, entrepreneurship is an independent, initiative activity of citizens, oralmans and legal entities, aimed at obtaining net income through the use of property, production, sale of goods, performance of work, provision of services, based on the right of private property (private entrepreneurship) or on the right of economic management or operational management of a state enterprise.
Everyone has the right to freedom of entrepreneurial activity, free use of their property for any legal entrepreneurial activity, and business entities have the right to carry out any types of entrepreneurial activity that are not prohibited by the laws of the Republic of Kazakhstan.
Entrepreneurship entities are citizens, oralmans and non-state commercial legal entities engaged in entrepreneurial activities (subjects of private entrepreneurship), state enterprises (subjects of state entrepreneurship).
An individual who is a business entity is registered as an individual entrepreneur in accordance with the requirements of Article 35 of the Entrepreneurial Code of the Republic of Kazakhstan with the state revenue authorities at the location declared during state registration as an individual entrepreneur.