Organize the opening of your company
in MFCA in Kazakhstan
Organize the opening of your company
in MFCA in Kazakhstan
Law Council Group
Law Council Group is a professional law firm providing comprehensive legal services in the field of business activities. Our team consists of qualified lawyers and business consultants obtaining academic degrees and hands-on experience.
We guarantee transparent service prices based on fair assessment
We provide qualified legal assistance and advice based on project and subscriber legal services system.
In addition, we ensure confidentiality and guarantee that every piece of your and your company classified data is used for your own purposes only and rests within our company. We value our reputation and are willing to provide our clients with high-quality service aimed at accomplishing their goals.
BUSINESS WITH AIFC
If you do not know how to open a company in MFCA, just contact Law Consult Group! This is a law firm in Astana that offers a wide range of services:
In recent years, Kazakhstan has been actively gaining momentum in the global economy, presenting new opportunities for local entrepreneurs and foreign investors. Thanks to its stable economic growth, favourable investment policy and strategic geographical location, our state is becoming an excellent place to start a business. To become a participant in this growing market, registration of a company with MFCA is a prerequisite. Translated with DeepL.com (free version)
The Astana International Financial Centre (AIFC) is a unique economic zone whose participants have international legal status. The creation of this economic zone has significantly simplified business registration to support local entrepreneurship and attract foreign investment.
In order to do business in the MFCA jurisdiction in accordance with international standards, companies need to obtain a licence from MFCA. This financial centre has full control over the licensing of new companies, so strict requirements must be met in order to obtain a licence.
When issuing licences, AFSA in Kazakhstan thoroughly inspects each company. It is important to meet the following basic requirements for successful licensing:
Legal registration. A company that needs an AFSA licence must be officially registered in the MFCA economic zone.
Financial transparency. This requirement mainly concerns the authorised capital. In order to obtain a licence, the minimum size of the MC must be 200 thousand US dollars. Payment of capital must be made to the firm's bank accounts on the territory of the Republic of Kazakhstan. The MC can be used in the calculation of prudential norms and as working capital.
Compliance with AML/CFT requirements. The company's activities should contribute to anti-money laundering and countering the financing of terrorism.
Compliance. In order to be licensed to do business in Kazakhstan, a firm must have a clear system of rules and procedures to facilitate compliance with the law and prevent risks associated with violations of Kazakhstan law. For this purpose, the company must have a special internal control system in place. Audits must be carried out annually, with appropriate records approved by a meeting of managers.
Business reputation. To register a business with the MFCA, the experience and qualifications of company owners are necessarily checked.