Memo: Opening a Bank Account for a Legal Entity - Non-Resident of the Republic of Kazakhstan
This memorandum provides a detailed overview of the process for opening a corporate bank account in Kazakhstan for foreign companies. It is designed to help better understand the key stages of the procedure, as well as the requirements of banks and the specifics of compliance checks (KYC/AML).
Opening a bank account in Kazakhstan is not a purely formal procedure, but a multi-step process that includes preparing corporate documents, reviewing the company’s structure, and confirming the source of funds and business activity. Depending on the bank, requirements may vary, so it is important to understand the general logic of the process in advance.
This memorandum will help structure the information, avoid common mistakes, and better prepare for interaction with the bank at each stage.
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