On the introduction of a moratorium on the creation of quasi-public sector entities

Decree of the President of the Republic of Kazakhstan dated July 3, 2019 No. 51.

     In order to reduce government involvement in business activities and create conditions for the development of the private sector, I HEREBY DECREE:

     1. To introduce a moratorium on the creation of quasi-public sector entities by December 31, 2021, with the exception of:

     1) legal entities engaged in activities in the social sphere and (or) in the field of life support of settlements;

     2) legal entities created as part of the optimization of existing legal entities through their reorganization (merger or transformation);

     3) joint-stock companies (limited liability partnerships), in the authorized capital of which quasi-public sector entities will own fifty percent or less of voting shares (participation interests);

     4) legal entities created on the instructions and (or) coordination with the President of the Republic of Kazakhstan.

     The footnote. Paragraph 1 as amended by Decree of the President of the Republic of Kazakhstan dated December 26, 2020 No. 478 (effective from the date of its first official publication).

     2. The Government of the Republic of Kazakhstan, together with local executive bodies and quasi-public sector entities, as well as government agencies directly subordinate and accountable to the President of the Republic of Kazakhstan, to take the necessary measures to implement this Decree.

     3. This Decree shall enter into force from the date of its first official publication.

President    

Republic of Kazakhstan     

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