AIFC legislative base

Astana International Financial Centre was established at the order of the President of Republic of Kazakhstan with a special legal status to be based on the EXPO-2017 International Specialized Exhibition infrastructure.

 

The Constitutional law that was passed in late 2015 provides a legal basis for AIFC.

 

The Astana International Financial Centre will provide unprecedented privileges for investors having no analogues in the post-Soviet region:

  • modern infrastructure created on the unique architecture of EXPO-2017 international exhibition;
  • tax exemption for 50 years (corporate income tax on income from financial and auxiliary services, individual income tax, land tax, property tax);
  • free office rent for 2 years;
  • simplified visa and labor regimes for participants and employees of the AIFC;
  • connection of Astana with key financial centers around the world via direct flights.

  

A key feature of the AIFC is the presence of a separate legal system, based on the principles of Common law, according to which the financial court of the AIFC and International Arbitration Centre will conduct its operations.

  

For more information about Constitutional Law please click here