Astana International Financial Center (AIFC) is a specialized hub that grants fin. organizations access the marketplaces of Eurasia, providing safe roots and creating a separate legal base. This is an advanced financial institution based in Kazakhstan, connecting the economies of the central region of Asia, the Caucasus, Mongolia, China, the Middle East and the EU. Low taxes and benefits help to boost the competitive advantages of market players, and ensure the attractiveness of doing business there. The center also provides extra benefits for both large companies and new firms in the market. Let’s look at the peculiarities of business registering in AIFC.
AIFC is a specialized hub in the city of Αstana, where special legal regulation is applied. It offers a range of the following features and services:
There are three ways to join AIFC:
According to the current regulations, registered entities can conduct both licensed and unlicensed operations in AIFC. Market activity and provision of support services require a license. They are listed below:
The AIFC Committee, which regulates fin. services, is an pooled regulative body that approves organizations. It guarantees a safe environment for all AIFC members. The AIFC approach fully complies with the global trends of leading jurisdictions and allows for 100% foreign participation.
AIFC in Kazakhstan is the primary organization in the region to provide entities a full-fledged legal ecosystem for investing. Its acts were developed on the basis of common law and comply with the norms of the worldwide financial hubs. The AIFC court does not depend on Kazakhstan’s judicial system and offers a flexible approach to dispute resolutions.
The AIFC sandbox is a special framework that allows firms to test new financial services, as well as services regarding regulatory technologies (RegTech), without immediately becoming the subject of the entire set of regulatory requirements.
Fintech Lab provides companies with a great chance to analyze regional markets with minimal resources and a presence at AIFC to explore and test FinTech and Regtech products in an environment with real customers. A number of advantages include the following:
If you are interested in doing business in Kazakhstan or want to open a company in AIFC, please contact our specialists for advice.
You can see our current offers in the categories “Cryptocoins and licensing of cryptocurrency operations”, “Ready-made companies”, “Banks for sale” and “Licenses for sale”.
The international company Eternity Law International provides professional services in the field of international consulting, auditing services, legal and tax services.