Made it in Kazakhstan

Since declaring independence from the Soviet Union in 1991, Kazakhstan has become arguably the most successful member of the Commonwealth of Independent States. Kazakhstan has emerged as a player on the world economic stage in part due to its plentiful reserves of oil and gas, minerals, metals, and other natural resources. Equally important are the significant government reforms and increased foreign investment contributing towards consistent growth in GDP, slowed only by the collapse of oil prices and the financial crisis of 2008.

Factors contributing to Kazakhstan's success include a well-educated workforce, an open entrepreneurial economy and continued political stability. Kazakhstan enjoys market stability in ways that other former Soviet republics struggle to achieve, and the desire to become a bridge between Europe and Asia has created opportunities for those wishing to do business eastward and westward. Kazakhstan is intent on rebuilding the Silk Road both literally and figuratively. Notably, Kazakhstan was the first country to have had nuclear weapons and give them up, and hosts the world's largest operational space launch facility: Baykonur.

Kazakhstan is fast becoming a regional tourism destination with camel riding tours on the steppe, mountaineering trips in the Tian Shan mountain range, and the Caspian sea in the west which is slated to become Central Asia's answer to Las Vegas.

In addition to great possibilities there are still challenges facing those who choose to do business in Kazakhstan. Obstacles include poor infrastructure, import restrictions and delays, restrictive taxes, and understanding the factors that drive the decision making process in local Kazakh partners, customers, and suppliers.

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