Take a seat


Typical legal form for start-ups

tovarischestvo s ogranichennoy otvetstvennostyu (t.o.o.)

Brief information

Kazakh start-ups usually choose the legal form of the t.o.o. It offers the advantages of low minimum share capital and manageable corporate and tax governance. It is equivalent to the German GmbH.

If the t.o.o. has a Supervisory Board, an investor may participate in this.

One or more directors manage the t.o.o. In addition, a Supervisory Board can be established voluntarily for monitoring purposes. The shareholders' meeting may restrict the competences of the Supervisory Board.

The information in our toolbox provides managers of private equity or venture capital funds with an initial overview of certain framework conditions in the respective country. It does not provide advice on the law of any country, neither does it substitute such advice. Before taking over a board seat in a portfolio company, it is at all times necessary to seek expert advice. Our team is happy to assist you with all questions at any time.

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