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Kazakhstan is a
resource-rich country, rich in oil and natural gas, copper, zinc,
bauxites, gold, silver, chrome, uranium and other metals that
comprise over 95 percent of periodic table.
It is a unique country, unique by its traditions, culture, folklore
that intertwine together over 100 nationalities into the people of
Kazakhstan. It is also a vast country,
stretching from Russia and the Caucasus in Europe to China and
Mongolia in Asia. And it is the country of
the first sputnik and well-known Baikonur spaceport, and big oil of
the 21st century located in the Atyrau and Caspian Sea
region.
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Franchising in Kazakhstan |
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Franchising in Kazakhstan.
(According
to the book of Beknur Kissikov: "Franchising in Kazakhstan",
Book in East, 2007). In Kazakhstan
franchise turnover for 2007 is 500 million dollars a year.
Kazakhstan is the leader in Central Asia in
franchising market. There is a special law on the
franchising of 2002, there are about 150 franchise systems
and franchises more than 1000 points.
azakhstan franchise begins with the emergence of a factory
"Coca-Cola", open to sublicense Turkish licensor same brand.
The plant was built in 1994, thus marked the beginning of
the so-called.
"Qualitative presence of" foreign company in the form of the
opening of its production in the country.
Thus,
the famous producer of beverage products are available not
only in the form of import trite, but in the form of
national product, which is involved in the creation of local
employment
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Legislation and regulations
relevant to franchising in Kazakhstan |
On 24 June 2002 the
Republic of Kazakhstan adopted a law on franchising (Law No. 330 of
24 June 2002 concerning the Integrated Business Licence (Franchise).
It is not a disclosure law, it deals with the franchise agreement
and with the duties of all those identified as involved in franchise
relationships. The Law has 24 articles. A general header states that
it regulates relations that are connected with the exercise of the
integrated business licence or franchise, that it defines the
contents of the contract and is directed to the development and
promotion of franchise activities in the Republic of Kazakhstan on
the part of the State. Article 1 contains definitions of the terms
that are used in the law. Article 2 indicates the legal basis upon
which the legislation on franchising is based, namely the
Constitution, and states that any international treaty which
conflicts with the provisions of the Law shall prevail.
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Colin’s plans 70
stores in S-E Asia |
Turkey-based Colin’s & Loft, a
specialist in jeans and casual wear, intends to set
up 70 retail stores in South-East Asia within three
years. Late last year, it
opened its flagship retail store at Sunway Pyramid
and concessionaire counters at Metrojaya stores in
Berjaya Times Square and MidValley Megamall.
Colin’s & Loft (M) Sdn Bhd managing director
Randy Ong said the company’s plan was to make
Malaysia a platform to expand its presence in the
region.
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