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How to Close a Company in Kazakhstan Legally, Step by Step
An abandoned LLP does not close by itself, and unfiled reports keep piling up. We run a voluntary liquidation from the participants' resolution to the registry entry, or put the company on hold if the business needs a pause.
To close a company in Kazakhstan you go through a chain of steps, not a single application. The participants pass a resolution, the registration authority and the tax office are notified, and a public notice is published. Creditors then have two months to file their claims. After that, liquidation tax reports are filed and the company goes through a tax audit or a desk review. The bank accounts are closed, and only then is the company removed from the registry. A voluntary liquidation takes 3–6 months on average, and the tax audit affects the timing most.
Simply stopping filing reports is a bad idea. An LLP that files nothing for 12 months is placed on the list of inactive companies, and its participant or director may later be refused registration of a new company. We start with a risk audit: reporting, debts, VAT and bank accounts. If the bookkeeping is in disarray, we restore it first. The whole process is handled under a power of attorney.
Who it is for
- LLP owners who are shutting down their business
- Companies that have not operated or filed reports for a long time
- Foreign participants who have left Kazakhstan and want to close the company remotely
- LLPs that need a pause rather than a full closure
- Participants choosing between liquidation and selling their share
Requirements
- A participants' resolution to liquidate the company
- Two months for creditors to file claims after the notice is published
- Liquidation tax reports and a tax audit by the state revenue authorities or a desk review
- Settlement with creditors and employees
- Closing the bank accounts
- A notarized power of attorney to run the process
What we do
- Run a risk audit: reporting, tax debts, VAT and open accounts
- Explain which route is open to you: liquidation, suspension or selling the share
- Prepare the liquidation resolution, notify the registration authority and the tax office, and publish the notice
- Prepare the liquidation reports and take the company through the tax audit or desk review
- Close the accounts and obtain confirmation that the company has ceased operations
- Arrange a suspension if you plan to restart the business later
Key documents
- Founding documents and a company registry extract
- The participants' resolution to liquidate
- Access to the accounting database, the taxpayer account and the bank
- Information on debts, employees and assets
- For a foreign participant: the resolution with an apostille or legalization and a translation
How it works
- Risk auditreporting, debts, VAT and accounts; bookkeeping restored if needed
- Resolution and noticeparticipants' resolution, notification of the authorities, public notice
- Creditorstwo months for claims, settlements and dismissal of employees
- Tax auditliquidation reports, then a tax audit or desk review
- Closureliquidation balance sheet, payments to participants, closed accounts, registry entry
Timeline
A voluntary liquidation usually takes 3–6 months on average, depending on the tax audit.
Timelines are approximate: government agencies, consulates and banks set them.
What to watch out for
- A company that files no reports for 12 months goes on the list of inactive companies, which can stop its participants and director from registering a new legal entity
- Gaps in the bookkeeping turn into additional tax assessments and fines during the tax audit
- An LLP cannot be closed in less than two months: the law reserves this period for creditors
- A VAT payer with turnover usually cannot use a desk review instead of a full audit
- The liquidation timeline depends on the state revenue authorities and cannot be promised in advance
FAQ
How much does it cost?
Our service fee is from $800. Government fees, translations, insurance and other mandatory costs are paid separately; we send the full estimate before you sign.
How long does it take to close a company in Kazakhstan?
On average 3–6 months. It cannot be done in less than two months, because the law gives creditors that long after the liquidation notice. The rest depends on the tax audit and on the state of the company's bookkeeping.
Can an LLP be closed without a tax audit?
Skipping review entirely is, as a rule, not possible. For some companies, for example those without tax debts and not registered for VAT, a desk review may replace a full audit. We tell you whether this option fits your company after the risk audit.
What happens if I just stop filing reports?
The company stays in the registry, fines start to build up, and after 12 months without reports it goes on the list of inactive companies. Its participant or director will then be refused registration of a new legal entity. In the end this costs more than a proper liquidation.
What is the difference between suspension and liquidation?
Suspension is a temporary pause: the LLP stays in the registry and can resume operations. Liquidation ends the company's existence completely. If you might need the business again in a year, suspension is usually the more sensible choice. We arrange a suspension under a power of attorney as well.
Do I need to come to Kazakhstan in person?
As a rule, no: we run the process under a notarized power of attorney. A foreign participant signs the resolution abroad with an apostille or legalization. The director may be needed for certain bank procedures. Documents on the eGov portal are signed with the digital signature of the person responsible for the liquidation, so that person is chosen in advance.
What if the bookkeeping for past years is not in order?
Restore it first and file for liquidation afterwards. Otherwise the tax audit will find discrepancies and assess extra taxes and fines. We handle restoring the books before liquidation as a separate stage.
Do you guarantee the result?
No. Decisions are made by government agencies, consulates and banks. We are responsible for preparing and checking documents, filing and support, and we tell you about the risks upfront.
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