Kazakhstan ranks 49th in World Bank Doing Business 2013.

By bne IntelliNews October 24, 2012
Kazakhstan is ranked 49th in the World Bank Doing Business 2013 ratings. The WB noted that Kazakhstan made starting a business easier by eliminating the requirement to pay in minimum capital within 3 months after incorporation. Moreover, it strengthened secured creditor rights by introducing new grounds for relief from an automatic stay during rehabilitation proceedings. In addition, Kazakhstan strengthened its insolvency process by introducing an accelerated rehabilitation proceeding, extending the period for rehabilitation, expanding the powers of and improving qualification requirements for insolvency administrators, changing requirements for bankruptcy filings, extending the rights of creditors, changing regulations related to the continuation of operations, introducing a time limit for adopting a rehabilitation plan and adding court supervision requirements.
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