Leaders of state institutions will be able to do business in Kazakhstan
Kazakhstan’s Senate has approved a new law lifting a long-standing ban on business activities for many state officials. However, the change comes with strict restrictions to prevent conflicts of interest and misuse of official resources.
The legislation removes the general prohibition on business and paid work for those performing state functions. This means most officials can now engage in commercial activities, provided they avoid conflicts of interest.
Yet, several groups remain excluded from the lifted ban. These include individuals under 18, those with limited legal capacity, missing persons, and people with mental health conditions under guardianship. Inmates and detainees awaiting trial are also still barred from business activities. The restrictions extend to key financial and regulatory roles. Employees of the National Bank, the Agency for Regulation and Development of the Financial Market, and the civil aviation authority cannot participate in business ventures. Additionally, full-time members of territorial election commissions and heads of national holdings and state-owned companies remain subject to the original ban.
The new law marks a shift in policy by allowing more state officials to pursue business interests. However, the remaining restrictions ensure that certain high-risk groups and positions stay under tighter control. The changes aim to balance economic freedom with safeguards against corruption and misuse of power.
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