Doing business in Astana

Doing business in Astana

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It’s not a secret that Kazakhstan especially Astana locating in the heart of Eurasia is becoming a business center and effective platform for various major international forums and meetings.  

Kazakhstan ranks 28th among 190 countries in the World Bank’s “Ease of doing business” Index. Kazakhstan has also been recognized 4 times as one of the best reformers in the ranking of successfully implemented reforms according to the following seven indicators:

  • business registration;
  • obtaining a building permit;
  • connection to the power supply system;
  • protection of minority investors;
  • resolution of insolvency;
  • international trade;
  • execution of contracts.

Kazakhstan is the only country in the region with high efficiency in the labour market, ranking 20th out of 138 countries, and 38th in terms of wages and labour productivity.

Thanks to a favourable tax regime Kazakhstan holds 18th place among the tax regimes of 189 countries.

Astana is directly connected to many global financial centres, including Frankfurt am Main, London, Paris, Seoul, Bangkok, Beijing, Istanbul, New Delhi and Dubai.

Direct flights to another 50 global financial centres are planned to be introduced by 2025. Destinations include New York, Shanghai, Hong Kong, Singapore, Tokyo, Amsterdam and Zurich.

The Astana International Financial Centre (AIFC) is a unique Financial Hub and Exchange platform encompassing a rapidly growing, Central Asia region rich in natural resources, at a strategically important crossroad between East and West, the Caucasus as well as EAEU, the Middle East, Mongolia and Europe.

So how local and foreign business can benefit?

  1. Special tax regime - exemption from payment of corporate, individual income, land tax and property tax for a period of 50 years (until the end of 2065).
  2. Application of common law and Own Independent Dispute Resolution System - the legal system in the AIFC is based on the principles and jurisprudence of England and Wales.
  3. Regulatory "Sandbox" - in the financial industry, the term refers to a mechanism for developing regulation that keeps up with the fast pace of innovation.
  4. Preferential visa and migration regime.

Find more detailed information about becoming an AIFC participant at LINK