GLS Resources
Series: Investment Management Consultancy
Due diligence investigation in Kazakhstan
Prior to dealing with Kazakhstan persons or making investments into Kazakhstan, foreigners are required to do due diligence for checking individual or company backgrounds, politically exposed persons (PEPs), state-owned enterprises, company litigation history, and ultimate beneficial ownership.
Reasons for due diligence and investigation are many, including legal requirements of a home country, fulfilment of compulsory corporate rules and contract provisions, mitigation of risks, mandatory environmental regulations, etc.
The legal and regulatory obligations among others include compliance with the Financial Action Task Force (FATF) guidelines, the Fifth EU anti-money laundering Directive, the USA Patriot Act and the USA Bank Secrecy Act.
There is also conception named a fair and equitable treatment in the international law which compels foreign investors to assess commercial and general socio-political risks of an investing country. Failure of a proper due diligence may become basis for losing investment arbitration against country or a partner.
In GLS we do due diligence investigation in connection with Kazakhstan, Kazakhstan entities and individuals, whether to review certain assignment, or to carry out enhanced due diligence.
Apart from the above we offer due diligence services to identify, confirm or verify of the following:
- Existence and location of a company and assets
- Licenses, approvals, consents and permits
- Bank guarantee, letter of credit, insurance policy, accounting reports
- Registration of assets, including securities and intellectual property
- Occurrence of completion/closing, event of default or other events and facts
- Fulfilment of contractual obligations
When doing research, we apply various but traditional tools and means and use open data sources.
Due diligence is conducted to review a single matter or for considering multiple issues.
Our due diligence report is prepared in accordance with international standards and comprises all necessary details and features. In most cases due diligence reports are tailored to cover all requirements of a particular law, corporate rule and regulation. You may just forward our report on to any person whom it may concern.
Price per report: It depends on scope of services and timeframe. Price starts from $250 and shall not exceed $2,000. We should agree a due diligence checklist and then a fixed fee amount based on this checklist.
Book your due diligence report today: info@gls-llp.com
August, 2021
GLS