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Preparation of a business plan and application to the regulator AFSA

The International Financial Center Astana is located in Kazakhstan. The distinctive feature of the IFCA is the promotion of international cooperation in the sphere of economy and finance. AFSA (Astana Financial Services Authority) is considered to be the main financial regulator.

It is it that issues licenses to companies for one or another activity, and also makes sure that they strictly comply with the norms of international law.

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What you need to know

A business plan is an important tool that allows you to demonstrate the sustainability and prospects of companies wishing to establish their presence in the financial center of Astana. Along with making an application that meets the requirements of the AFSA, the Law Council Group is engaged in a comprehensive analysis of your business idea and its implementation in the form of a detailed document. Any company operating in the AIFC must prepare a business plan for registration with the AFSA.

This applies not only to the financial sector, but also to other fields of activity: logistics, law, consulting, information technology, trade, recruitment services, and so on.

A license is required to carry out various types of activities, so preparing an AFSA business plan is the first thing to think about.

What it represents. The business plan should include:

  • detailed description of the future project;
  • thorough and thorough market analysis;
  • calculating income and expenses;
  • identify the strengths and weaknesses of the future business.

The application to the AFSA is submitted so that the specially authorized body of the AIFC can carefully study everything, evaluate and, in the absence of errors, issue the appropriate license. However, it's not that simple.

Difficulties related to AFSA

Here, the applicant may face very stringent requirements related to the design of a business plan. Any flaw or even a typo can easily be a reason for refusal, so you should not fill out such an application yourself. It is best to entrust this matter to a professional who is well acquainted with the AFSA requirements for companies.

The following points should be highlighted in the text:

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Management structure

That is, who holds the leadership role, and whether this person is competent enough.

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The company's purpose and strategy

What it is created for, what it plans to work with, what tasks to solve, and much more.

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The financial model

This includes income and expenses: how many investments will be needed, whether there are risks and how serious, and how profits are generated. Here it is necessary to describe everything in as much detail as possible.

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Compliance with AFSA requirements

The company must comply with certain regulations, such as anti-terrorism measures.

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Applications

When submitting documents to AFSA, you need to take care of the applications separately. This may include information about human resources, an employee code of conduct. The main goal is to ensure the reliability of the AIFC financial system and transparency of the financial market.

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EXTREMELY important!

An incorrectly prepared business plan may lead to the fact that the applicant will simply be denied licensing in the AIFC. As a rule, it's not always about the wrong strategy of an entrepreneur, but about his legal lack of professionalism.

Indeed, the application should be prepared by a specialist who is familiar with all the subtleties and strict requirements.

Why is it difficult to prepare everything yourself

  • Firstly, such documentation is quite difficult in itself. It is necessary not only to describe the business, but also to carry out detailed financial calculations. This applies to forecasts, risk policy, and risk management.
  • Secondly, AFSA also has very strict requirements for legal registration. Specialists check everything very carefully, therefore, any mistake will at least delay the process of obtaining a license from the AIFC financial company. Otherwise, a refusal will follow due to an incorrectly executed application.
  • Thirdly, whatever the error, the statement will have to be rewritten anyway. It will take some time again, after which it must be submitted again and wait for the result again. In this scenario, it's really better to contact professionals right away. They will file the application correctly and in such a way that it will be impossible to dig into anything.

Law Consult Group specialists

Such specialists are the Law Consult Group law firm. She provides assistance to her clients: The staff first collects information and advises on all issues.


And after that, they take over the process of preparing documents, in fact, they are engaged in business support in the AIFC. Thanks to this, the client can take up his immediate work responsibilities.

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Услуги компании
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Консультация

Это первое и главное: на ней заявитель и специалист определяются, какие именно лицензии потребуются для нормальной работы компании в МФЦА. То есть какой деятельностью она занимается, на что ей нужно разрешение, какие планы и многое другое.

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Подготовка бизнес-плана

На этом этапе уже работают только сотрудники Law Consult Group: они проводят расчеты финансовых моделей, анализируют рынок, составляют планы и разрабатывают стратегию.

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Оформление заявления в AFSA

Это самое сложное: сотрудники сверяются с регламентом, готовят пакет документов и правильный вариант заявления.

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Сопровождение

Это заключительный этап, когда юридическая помощь AFSA переходит на новый уровень. Специалисты не просто подают заявление, они общаются с финансовым органом от лица представителя компании, при необходимости вносят поправки (хотя такое бывает редко).

Почему стоит выбрать именно юридическое агентство Law Consult Group

Опытная команда и компетентные работники. Это люди с высшим юридическим образованием, которые работали в суде, адвокатуре, занимались финансовым регулированием в Казахстане, а также служили в правоохранительных органах. То есть они отлично ориентируются в документальных тонкостях и знают, как правильно составлять заявления для регистрации бизнеса в МФЦА;

Высокое качество предоставляемых юридических услуг. Соблюдается конфиденциальность, а помощь оказывается в соответствии с действующим законодательством во всех отраслях права. Но в первую очередь речь идет о международном и трудовом праве, то есть компания должна получить лицензию на осуществление той или иной деятельности. С этим сотрудники агентства и работают;

Индивидуальный подход к каждому доверителю. То есть предприниматель может быть уверен: его вопрос будет решен грамотно, строго в срок и без дополнительных расходов.

Получение лицензии в AFSA – это процесс непростой, но необходимый.

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FAQ
Which will be the cost of establishing an AIFC company?
The cost of setting up an AIFC company depends on various factors, including the scope of business and the need for licenses. The price for services for opening a company also depends on the amount of government fees, which may vary in each specific case. Apply on our website and we will contact you for detailed consultation and cost estimate of establishing your company. We are confident that we can offer you the best price on the market for turnkey business registration services in the AIFC, including a full package of documents, etc.
How long does it take to open a company in the AIFC?
As with costs, the process of registering a company in the AIFC might take varying amounts of time. On average, opening an AIFC company usually takes about 7 days.
Is it possible to register a company in the AIFC remotely, without the need for personal presence?
It is possible. We are ready to register a company in the AIFC remotely, without your physical presence, and prepare all the necessary documents for the successful launch of your business.
Do I require a place of business to establish a company?
Almost all types of companies subject to registration in the AIFC require a legal address in the office space. Our experts are ready to assist you with renting a legal address within the AIFC territory.
What is the AIFC territory comprised of?
The boundaries of the AIFC territory were determined by Decree of the President of the Republic of Kazakhstan No. 161 dated December 31, 2015 and extend far beyond the EXPO. In fact, the AIFC occupies 1,632 hectares on the left bank in the city of Astana. Our office is located within this territory, which makes it feasible for us to provide a legal address for registering companies in the AIFC.
What are the challenges the citizens of the Russian Federation and the Republic of Belarus may come across when establishing an AIFC company?
Certain difficulties are possible, but we successfully resolve them in almost 100% of cases. It is important to note that the process of opening a company takes at least one month.
Can I get a free consultation?
Yes, we have such an opportunity. Our managers are ready to provide you with advice via WhatsApp, Telegram or by phone, including in the Russian language. A free 15-minute consultation with lawyers via Zoom is also available. However, you may order a fee-based detailed one-hour consultation with a lawyer.
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