Instruction of the State Committee of the Republic of Kazakstan for Investments on Investment Project Requirements (Approved by the Resolution of the State Committee of the Republic of Kazakstan on Investments № 3 March 28, 1997)

Resolution of the State Committee of the Republic of Kazakstan
on Investments № 3 March 28, 1997

Acting in accordance with articles 11, 12 and 15 of the Law of the Republic of Kazakstan dated on 28.02.1997 "On State Support for Direct Investments" the State Committee of the Republic of Kazakstan on Investments resolves:

1. To approve the Regulations "Investment Project Requirements".

First Deputy Prime Minister of the

Republic of Kazakstan Chairman of the

State Committee of the Republic of

Approved

by the Resolution of the State Committee of the

Republic of Kazakstan on Investments № 3

March 28, 1997

INVESTMENT PROJECT REQUIREMENTS

1. General Provisions

1.1 These regulations devised in accordance with the articles 11, 12 and 15 of Law of the Republic of Kazakstan "On State Support for Direct Investments" and determine requirements for investment project.

1.2 The Investment Project Requirements are the requirement presented by the State Committee of the Republic of Kazakstan on Investments (hereinafter Committee) to an investment project at its different stages in order to take a decision on providing privileges and preferences to confirmed investor, exercising control over the discharge of the obligations on investment and operational programs undertaken by confirmed investor.

1.3 The investment project is a series of measures related to investment activity and consisting of a pre-investment, investment and operating stages.

2. Pre-investment stage requirements

2.1 Pre-investment stage is the stage of the investment project during which the following is determined:

- investment capacities;

- feasibility study analysis and assessment;

- alternative projects analysis;

- preliminary selection of the project;

- financial chart.

2.2 The investor has to submit to Committee a complete approved data on the financial, technical and organisational capacities and a feasibility study of the project that should be prepared in compliance with the generally accepted international standards and those accepted in the Republic of Kazakstan.