Licensing in the AIFC
The Astana International Financial Centre (AIFC) offers companies the opportunity to operate within a special jurisdiction based on the principles of English law. The advantages of the AIFC include:
- a high level of legal protection,
- flexible regulation,
- transparent procedures,
- tax incentives.
The AIFC is primarily aimed at companies providing financial services, the so-called regulated activities. These include investment management, insurance, Islamic banking, conventional banking and other financial services. To carry out such operations, companies must obtain a licence from the AIFC financial regulator — the Astana Financial Services Authority (AFSA).
What should you know about the main stages of obtaining a licence (authorisation)? The lawyers of REVERA Kazakhstan have shared the key points in a memo.
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