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Formation of a Kazakh Limited Liability Partnership (LLP)An LLP shares many of the features of a normal partnership but it offers reduced personal responsibility for the business debts. Unlike members of ordinary partnerships, the LLP itself is responsible for any debts that the company runs up and not the individual partners.All of the profits in a LLP would be split amongst the members. The tax liability falls on the individual members, not the LLP itself. A "nominated" head /director/ of the LLP will be responsible for informing the Inland Revenue of the LLP's existence and for filling in the annual Partnership tax return. Should the LLP generate an income of 30 000 MCI /minimum calculation index = 1982 tenge/ or more, like other company structures as of the 01/01/2015 they should register for VAT. If they have employees, the LLP should set up a SWIFT system to collect Pension and National Insurance contributions. Minimum requirements
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Time Registration: An individual is partner - 6 work-days A corporation is a partner - 10 work-days List of documents required for Company Incorporation in Kazakhstan /an individual is partner/
List of documents required for Company Incorporation in Kazakhstan /a corporation is a partner/
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