ORDER OF THE GOVERNMENT OF THE REPUBLIC OF KAZAKHSTAN

of October 22, 2026 No. 945

About modification and amendments in the order of the Government of the Republic of Kazakhstan of September 17, 2024 No. 754 "About some measures of the state support of private entrepreneurship"

The government of the Republic of Kazakhstan DECIDES:

1. Bring in the order of the Government of the Republic of Kazakhstan of September 17, 2024 No. 754 "About some measures of the state support of private entrepreneurship" the following changes and amendments:

in Item 1:

7) to state the subitem in the following edition:

"7) Rules of provision of state grants;";

The rules of subsidizing approved by the specified resolution to be reworded as follows according to appendix 1 to this resolution;

in Rules of provision of guarantees within the guarantee funds approved by the specified resolution:

in Item 5:

12) to state the subitem in the following edition:

"12) guaranteeing - provision of a guarantee for the financial agency before creditors to be responsible for obligation fulfillment of the entrepreneur on payment of part of principal debt under the credit agreement / agreement of financial leasing / to the conditional obligation / to the forward agreement / to bonds / to the option agreement and other obligations following from the warranty obligation within the guarantee amount;";

exclude subitem 16-1);

exclude subitem 21-1);

exclude subitems 36-1) and 36-2;

38) to state the subitem in the following edition:

"38) the affiliated/connected persons - physical persons and legal entities according to article 64 of the Law of the Republic of Kazakhstan "About joint-stock companies", article 12-1 of the Law of the Republic of Kazakhstan "About partnerships with the limited and accessorial liability", and also the other persons corresponding to the criteria determined by the agreement signed by the financial agency with the creditor;";

exclude subitem 40-1);

add Item 7 with the paragraph third the following content:

"At the same time, if as creditors the credit partnerships or social business corporations financed by the affiliated organizations of national investment holding for the subsequent crediting of subjects of entrepreneurship between the financial agency act, the creditor and the relevant affiliated organization of national investment holding sign the agreement on portfolio guaranteeing within which payment for guarantee is performed by the financial agency for benefit of the affiliated organization of national investment holding, except as specified, if obligations to the affiliated organization of national investment holding are settled by independently credit partnerships or social business corporations. In such cases payment for guarantee is made by the financial agency for benefit of credit partnerships or social business corporations.";

state Item 18 in the following edition:

"18. Receivers of guarantees within implementation of these rules of guaranteeing are not entrepreneurs:

1) being persons on whom the system of the first level reveals discrepancy to the basic requirements determined by authorized body by budget implementation (further - basic requirements) within Rules of carrying out monitoring of measures of the state support of private entrepreneurship and their receivers approved by the order of the Minister of Finance of the Republic of Kazakhstan of May 29, 2026 No. 437 (it is registered in the register of state registration of regulatory legal acts for No. 38840) (further - Rules of monitoring);

2) performing release of excisable goods / products, except for the projects providing release of motor vehicles and the alcohol-containing products of medical appointment (except balms) registered according to the legislation of the Republic of Kazakhstan as medicine;

3) planning to realize the project in the mining industry without further conversion of the taken/extracted materials, the project at stage of exploration works and development of pits, except for projects on development gravel and sandpits;

4) fifty and more percent of shares (share in the authorized capital) which directly or indirectly belong to the state, national managing holding, national holding, the national company, except for provisions of guarantees in accordance with the terms of paragraph 2 of Chapter 2 of these rules of guaranteeing;

5) the implementing projects on the types of activity specified in item 4 of article 24 of the Code, except for the types of activity specified in subitems 3) and 11) of item 4 of article 24 of the Code;

6) stopped or suspended activities as the subject of private entrepreneurship;

7) being the faces tied with creditors the special relations according to the legislation of the Republic of Kazakhstan;

8) being the faces tied with bank the special relations according to the Law of the Republic of Kazakhstan "About banks and banking activity".";

state Item 25 in the following edition:

"25. The received means from republican and local budgets as fees from the state, and also means of participants of guarantee fund 1 are considered as the postponed income of the financial agency. The procedure and methods of recognition of the income (depreciation) are determined by accounting policy of the financial agency.";

32, 33 and 34 to state Items in the following edition:

"32. In case of exceeding of the requirements of the creditor of threshold paid by the financial agency over 7% of the amount amount (debt remaining balance) of warranty portfolio and undeveloped part of limit of guaranteeing further issue of guarantees for benefit of such creditor stops until reduction of this indicator in compliance by implementation by this creditor of additional contributions in guarantee fund 1 according to Item 43 of these rules of guaranteeing.

At the same time the threshold of the paid requirements is lower than 7% of amount (debt remaining balance) of warranty portfolio and undeveloped part of limit of guaranteeing can be established by the financial agency independently and is reflected in the relevant agreement signed between the financial agency and the creditor.

33. Provision of guarantees within guarantee fund performs 1 financial agency by method of portfolio guaranteeing and individual guaranteeing in accordance with the terms of these rules of guaranteeing with the conclusion of the relevant agreement by the financial agency with the creditor. Individual guaranteeing is understood as the form of provision of guarantees to entrepreneurs providing complex project appraisal by the financial agency with decision making about guaranteeing the financial agency by authorized body. Complex project appraisal includes project analysis of the entrepreneur for determination of its financial stability, economic feasibility and efficiency, the analysis of activities of the entrepreneur regarding compliance and not contradiction to the legislation of the Republic of Kazakhstan.

34. The creditor performs financing of projects of entrepreneurs within guarantee fund 1 in accordance with the terms of these rules of guaranteeing and the relevant agreement signed with the financial agency.";

add with Item 35-2 of the following content:

"35-2. The creditor stops charge of remuneration on the amount of overdue debt of the entrepreneur from the date of implementation by the financial agency of payment for guarantee based on the requirement of the creditor.";

third Item 36 to state the paragraph in the following edition:

"The specified ratio of priority and low-priority industries is established and fixed in the relevant agreement signed between the financial agency and the creditor.";

paragraphs two and third Item 39 to state in the following edition:

"In case of receipt of guaranteeing on implementation of investment projects (including "green" projects, franchizing) increase in payable taxes (corporate income tax / the individual income tax) and the annual average number of workplaces for 10% after 2 (two) financial years from date of issue of the warranty obligation the financial agency is provided.

Guaranteeing on implementation of "green" projects provides achievement by the implementable project of threshold value (with threshold criterion on split of "green" taxonomy) after 2 (two) financial years from date of issue of the warranty obligation the financial agency (prolongation of completion date of this criterion is performed based on the decision of the financial agency in the presence of the reasons determined by external assessment).";

the second the subitem 4) of Item 41 to state part in the following edition:

"Under credits/agreements of financial leasing / to conditional obligations / to forward agreements in foreign currency provision of a guarantee by the financial agency is performed as in tenge on the official rate of National Bank of the Republic of Kazakhstan on date of issue of guarantee, and in foreign currency. At the same time in case of provision of a guarantee in foreign currency payment upon the demand of the creditor is performed in tenge on the official rate of National Bank of the Republic of Kazakhstan for date of implementation of such payment.";

state Item 48 in the following edition:

"48. Guaranteeing conditions for the entrepreneur:

1) the financing amount within the project on which guaranteeing is performed constitutes over 7 (seven) billion tenges;

2) the maximum size of guarantee(s) does not exceed 30% of project cost, but no more triple size of the reserve allocated from means of the single shareholder of the financial agency or from the republican budget.

Acceptance as collateral security is allowed, including, but without being limited, real and/or personal estate, and also guarantees of founders/participants/shareholders and/or the third parties.

Exceeding of the maximum amount of warranty portfolio of more tenfold size of equity of the financial agency is not allowed;

3) the term of the provided guarantee - up to 20 (twenty) years;

4) currency of the credit/agreement of financial leasing / bond / option - tenge and/or foreign currency.

Under credits/agreements of financial leasing / to bonds/options in foreign currency provision of a guarantee by the financial agency is performed as in tenge on the official rate of National Bank of the Republic of Kazakhstan on date of issue of guarantee, and in foreign currency. At the same time in case of provision of a guarantee in foreign currency payment upon the demand of the creditor is performed in tenge on the official rate of National Bank of the Republic of Kazakhstan for date of implementation of such payment.

Under credits/agreements of financial leasing / the entrepreneur confirms to bonds/options in foreign currency availability of annual currency earnings at least 30% of the total amount of revenue for date of the request for receipt of financing.

Guaranteeing projects on the purpose of replenishment of current assets is performed on condition of not exceeding of the size of 40% from the total amount of financing. Guaranteeing the credit which 100% are directed to replenishment of current assets on projects in the field of processing industry, with financing term no more than 18 (eighteen) months is allowed.";

53, of 54, 55 and 56 to state Items in the following edition:

"53. The creditor makes the decision on possibility of provision of financing in accordance with the terms of these rules of guaranteeing and the relevant agreement signed with the financial agency.

54. In case of adoption of the positive decision by the creditor the list of documents reflected in the relevant agreement signed between the financial agency and the creditor is provided to the financial agency.

55. In case of portfolio guaranteeing the financial agency within 2 (two) working days considers the documents which arrived from the creditor and the statement from the entrepreneur on compliance to conditions of Rules of the guaranteeing and the agreement signed between the financial agency and the creditor.

In case of individual guaranteeing consideration is performed according to the terms established in the relevant agreement signed between the financial agency and the creditor, but no more than 10 (ten) working days.

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