Invest in Kyzylorda region | Small and Medium Business

Business Incubators

A business incubator is a legal entity created to support small businesses at the stage of their formation by providing industrial premises, equipment, organizational, legal, financial, consulting and information services.
Business incubators are established to aid in the formation and growth of small businesses.

The objectives of the business incubator include:

selecting small businesses for placement;
as well as providing educational, marketing, consulting, and other organizational and management services to small business entities.

Property support for small and medium-sized businesses:

Small and medium-sized businesses may be granted trust management or rental rights over state-owned assets that have been unused for more than one year for organizing production activities and services, excluding trading and intermediary activities.
Small and medium-sized businesses, except those engaged in trading and intermediary activities, may have state-owned assets and the land they occupy transferred into their ownership for the purpose of organizing production activities and developing public services after a certain period following the conclusion of the contract, provided they fulfill the conditions outlined by the central authorized body of state planning.

Business Incubators

"Damu" Entrepreneurship Development Fund" JSC - is a state fund in Kazakhstan, the main goal of which is to stimulate the formation and economic growth of small and medium-sized businesses in the Republic of Kazakhstan, and to increase the efficiency of using state funds allocated to support small and medium-sized businesses.

Types of financial support:

concessional lending through second-tier banks as part of targeted programs for regions and individual industries, microcredit through microcredit organizations;
subsidies mean reduction of interest rates on business development loans issued by banks;
guarantee means provision of a partial guarantee as collateral for bank loans.

National Chamber of Entrepreneurs of Atameken RK - is a non-profit organization - the union of business entities. Represents the interests of small, medium and large businesses and is the negotiating force of entrepreneurs with the Government and state bodies.

MISSION:

Ensuring favorable legal, economic and social conditions for the implementation of entrepreneurial initiatives.

A TASK:

Protection of the rights and interests of business, ensuring a wide coverage and involvement of entrepreneurs in the process of forming legislative and other regulatory initiatives for business operations.

Main features:

representation and protection of the rights and legitimate interests of entrepreneurs;
conducting public monitoring of entrepreneurial activity, business conditions in the regions;
participation in government programs to support and develop entrepreneurship;
support domestic production and increase the share of local content in the procurement of organizations;
training, retraining, advanced training, certification and certification of personnel, the development of technical and vocational education;
stimulation of foreign economic activity of business entities;
investment attraction and economic diversification.

Moreover, the National Chamber advocates the active involvement of Kazakhstan business in the implementation of state programs. It protects the interests of business circles in government and local authorities, expands and strengthens ties with the business community of foreign countries, and also supports Kazakhstani business in the framework of integration processes.