Subsidy Programs for Entrepreneurs in the Trade Sector

Subsidy conditions:

Loan amount

- projects in cities of regional significance - no more than KZT 3 billion;

- projects in single- and small towns, rural settlements - no more than KZT 1.5 billion

Subsidy period

- for investment purposes - no more than 5 years;

- for working capital - no more than 3 years

Subsidy amount

The NBRK base rate + 5% (nominal interest rate). The subsidy rate is 40% of the nominal rate; the difference from the nominal rate is paid by the domestic trade entity, while the rate for the domestic trade entity shall be not less than 12.6%.

Prohibition

if the loan amount exceeds KZT 500 million, there is a ban on paying dividends

Domestic trade entity

individuals or legal entities engaged in domestic trade in accordance with the Law of the Republic of Kazakhstan "On Regulation of Trade Activities"

Special conditions

Subsidies and guarantees are not apply to:

- shopping and entertainment centers (SEC);

- projects implemented in the capital and cities of national significance

Refinancing - not provided

Counter obligations

for investment projects - a 15% tax increase after 2 financial years from the date of provision of the state support measure

In cities of regional significance:

- 46.90.3 “Wholesale trade of a wide range of goods without any specific specialization in commercial facilities with a trading area of more than 2,000 sq. m. (2,000 sq. m. and above), including wholesale distribution centers”;

- 47.11 “Retail trade in non-specialized stores mainly selling food products, beverages, and tobacco products”;

- 47.19 “Other retail trade in non-specialized stores”;

- 47.91.0 “Retail trade through mail orders or via the Internet”;

- 68.20.3 “Lease (sublease) and management of owned or leased retail markets”;

- 68.20.4 “Lease and management of own retail real estate and multifunctional complexes in trading activities”, excluding shopping and entertainment centers;

- 68.20.5 “Lease (sublease) and management of leased retail real estate and leased multifunctional complexes in trading activities”, excluding shopping and entertainment centers

In mono- and small towns, rural settlements:

- 46 “Wholesale trade, except of motor vehicles and motorcycles”;

- 47 “Retail trade, except of motor vehicles and motorcycles”;

- 68.20.3 “Lease (sublease) and management of owned or leased retail markets”;

- 68.20.4 “Lease and management of own retail real estate and multifunctional complexes in trading activities”, excluding shopping and entertainment centers;

- 68.20.5 “Lease (sublease) and management of leased retail real estate and leased multifunctional complexes in trading activities”, excluding shopping and entertainment centers