To attract foreign investors in Kazakhstan, tax incentives have been introduced and various measures are being taken, in particular, a program based on the Astana International Financial Center, which envisages obtaining the status of investment tax resident of the Republic of Kazakhstan for foreign citizens, as well as for persons without citizenship. This program is designed to create optimal conditions for foreign investors.
The program in question assumes tax residency for investors who intend to develop business activities in the republic. It allows you to build effective tax structures for managing private capital. Having received the appropriate status, an entrepreneur wishing to conduct investment activities in Kazakhstan receives a long-term investment visa to the Republic of Kazakhstan. Another possible option is to provide accommodation for a certain period of time. Investors are particularly attracted by the fact that tax residency in Kazakhstan is provided in a simplified manner under this program.
The program provides for the following investment options:
A potential investor, an individual, is subject to a trustworthiness check by the AIFC. After passing it, he invests in the prescribed amount in securities on the stock exchange of this organization and acquires the right to obtain an entry permit for five years at her request. The same visa is granted to members of his family.
The legal regulation of tax residency provided for in this program gives its participants many advantages:
The mentioned tax relief can be obtained after 90 days of stay in the Republic of Kazakhstan. To do this, you should contact the tax authorities and make a mandatory annual payment to the state budget in the amount established by the Tax Code.
It should be borne in mind that only those incomes that are of foreign origin are exempt from taxation. Income earned within Kazakhstan is taxed in accordance with the Tax Code.
To obtain the status of an investment tax resident in Kazakhstan, it is necessary to meet certain requirements:
As instruments for investments, it is permissible to use investments in the authorized capital of any legal entities that are registered in accordance with the current AIFC law. In addition, it is possible to use securities that are in circulation at AIX.
Every investor wishing to conduct business in the Republic of Kazakhstan should know how to obtain tax residency in Kazakhstan – this procedure includes the following steps:
When obtaining the status of a tax resident, it is very important to choose an authorized agent who will provide legal support to the tax residence at the proper level.
The Law Council Group is able to provide qualified assistance during this procedure. This company provides assistance at all nine stages, acting in full compliance with the requirements of the AIFC and using the support of this organization, which guarantees clients unhindered status.
Submit a request for qualified support from the professionals of the Law Consult Group
