Statement on situation in Kazakhstan

Following the protests in Almaty and elsewhere in Kazakhstan, we can confirm that we are in contact with our teams in the country and the situation is stabilising.

While the office has been closed and secured due to the ongoing security situation, some internet connectivity has resumed and we have been able to put our Business Continuity Plan into action.

Our staff are all safe and working from home. Some services continue to be offered and additional support is being offered by TMF Russia, from our offices in Moscow and Voronezh. Services that are dependent on local banking and public services are resuming gradually.

Any clients requiring urgent updates regarding services provided by TMF Group can contact the head of our Kazakhstan office:

Madi Mashakov - Country Lead, LSO
Madi.Mashakov@tmf-group.com
Mobile: +7 (771) 77 55 740

If you have any difficulties connecting with Madi, please get in touch with our TMF Russia office in Voronezh:

Telephone: +7 495 213 1092





Kazakhstan: Central Asia’s largest economy


A destination for ambitious investors


Why Kazakhstan?

Kazakhstan is located in the heart of the Eurasian continent, being the Commonwealth of Independent States’ second- and the world’s ninth-largest country. It’s also known as the 'locomotive' of post-Soviet Central Asia.

Bordering with China, Kyrgyzstan, Turkmenistan, Uzbekistan and Russia sees Kazakhstan bridging East and West, providing vast opportunities for those in need of an effective transit corridor.

The oil and mining industries are one of the main points of interest for international companies looking to expand their footprint; they represent more than half of the country’s foreign direct investments.

To further this investment, Kazakhstan is heavily developing its oil and mining industry through expanding new oil reserve and mining deposits. And it’s working - during the last decade, Kazakhstan has tripled its oil production.

Our experience in Kazakhstan

TMF Group has been operating in Kazakhstan since 2008, and our team of 35 local specialists can provide a full range of business services to help our clients meet all local compliance and reporting requirements.

We can facilitate new investments and ventures within the country, and can assist at any stage of an entity’s lifecycle - from legal incorporation, ongoing compliance in accounting, tax, HR administration and payroll to closing books and freezing or dissolving an entity.

TMF Kazakhstan is an active member of EUROBAK (European Business Association of Kazakhstan), the American Chamber in Kazakhstan, the National Chamber of Entrepreneurs of the Republic of Kazakhstan and of the Professional Organisation of Accountants of the Republic of Kazakhstan.

In Kazakhstan, we combine extensive global resources with our unrivalled knowledge of local regulations, cultures and languages to help you achieve your business goals.

Our full range of services include:

  • Accounting and Tax services: We take care of local statutory bookkeeping, full consolidated accounts and management reporting to relevant local and international standards. We also help you manage your tax and reporting obligations.
  • Global Entity Management services: We provide support at every stage of your business lifecycle. Our multi-disciplinary expertise - in corporate secretarial, regulatory compliance, fiduciary services and more - is your outsourced answer to managing and maintaining entities across borders.
  • HR and Payroll services: We help you to apply and implement international policies in employment contracts and handbooks, and pay your staff in compliance with local law.

Local Services:

In addition to our global portfolio of services* our Kazakhstan office in Almaty provides extra support for specific local requirements.

  • Assistance in migration services: obtaining work permits, working visas, and registration of foreign employees
  • Accounting health-checks and reorganisations
  • Implementation-specific requirements in local accounting and payroll systems
  • Working with different ERP (QuickBooks, BST, SAP FC, Hyperion) and financial systems
  • Tax audit preparation and facilitation

Recent Awards

Our team has maintained its position in the top 20 “Best Accountant” and “Super Accountants” national contests every year since 2013.

To find out exactly how we can help you, speak to our experts

We deliver tailored solutions to each precise location that allow you to operate smoothly from day one.

Make an enquiry

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