Article 18. Subsidizing aquaculture of the Law On Aquaculture of the Republic of Kazakhstan

Home / RLA / Article 18. Subsidizing aquaculture of the Law On Aquaculture of the Republic of Kazakhstan

1. Subsidization of aquaculture is carried out as an economic incentive for the development of aquaculture under the conditions of:

1) the economic efficiency of subsidies aimed at the development of aquaculture;

2) improving the quality and competitiveness of aquaculture products.

2. Subsidization of aquaculture is carried out in the following areas::

1) increasing the productivity and quality of aquaculture products, as well as the development of breeding fish farming;

2) reimbursement of part of the costs of investments in the field of aquaculture;

3) subsidizing the cost of water supply services in the field of aquaculture;

4) subsidizing remuneration rates for lending, as well as leasing for the purchase of machinery and technological equipment in the field of aquaculture;

5) other areas of subsidization provided for by the laws of the Republic of Kazakhstan.

3. Subsidization of entities providing for the development of aquaculture is carried out in the directions specified in subitems 2), 3), 4) and 5) of paragraph 2 of this Article.

4. Subsidizing of aquaculture is carried out subject to acceptance by the recipient of subsidies of the counter obligations defined in the rules approved by the authorized body.

5. Subsidizing aquaculture, as well as monitoring the achievement of counter obligations, are carried out by local executive bodies of regions, cities of republican significance and the capital through the state information system for subsidizing the agro-industrial complex in accordance with the rules approved by the authorized body.

6. Subsidies are not provided to subjects of aquaculture, subjects providing development of aquaculture:

1) those who have failed to fulfill their counter obligations and have not refunded the money in accordance with paragraph 7 of this Article;

2) managers, whose founders (shareholders) were previously managers, founders (shareholders) of aquaculture entities, entities providing for the development of aquaculture, who previously failed to fulfill counter obligations and did not return the money in accordance with paragraph 7 of this Article.

The provisions of the first part of this paragraph shall not apply if the aquaculture entity, the entity providing for the development of aquaculture, in accordance with the procedure provided for by the legislation of the Republic of Kazakhstan, proves that the proper fulfillment of counter obligations proved impossible due to force majeure.

7. In case of non-fulfillment of counter obligations by the subjects of aquaculture, by the subjects providing the development of aquaculture, the money received by them within the framework of subsidizing aquaculture is subject to refund, taking into account the achieved level of fulfillment of counter obligations and the base rate of the National Bank of the Republic of Kazakhstan in accordance with the rules approved by the authorized body.

The subjects of aquaculture, the subjects providing the development of aquaculture, in case of termination of their activities within five years from the date of subsidization, are obliged to return in full or in part the money received within the framework of subsidizing aquaculture, in accordance with the procedure determined by the authorized body.

8. Aquaculture entities, entities providing for the development of aquaculture, and persons specified in subparagraph 2) of paragraph 6 of this article who have returned money in accordance with paragraph 7 of this article, are allowed to subsidize aquaculture after two years from the date of the refund.

The Law of the Republic of Kazakhstan dated June 12, 2025 No. 193-VIII the law of the RK.

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Republic of Kazakhstan

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