Ted
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Is there an application fee for authorisation and how much does it cost?
Fees vary by activity. Applicants also pay for each individual requiring approved status.
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How long does it take to obtain an authorisation from the AFSA?
Materially complete applications average 2–3 months; ancillary services take about 1 month.
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How to process the authorisation for Ancillary Services?
Apply through digitalresident.kz, submit application and supporting documents, then payment and submission.
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How to process the authorisation for Regulated / Market activity?
Prepare application forms, business plan, governance and compliance documents, pay fees, submit to AFSA, obtain in-principle approval, then meet requirements for final license.
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Are there any residency requirements for individuals performing a Controlled Function?
MLRO must be ordinarily resident in Kazakhstan. Other roles have no strict residency requirement but presence must meet substantial presence requirements.
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Who is an Approved Individual?
A person approved by AFSA to perform controlled functions such as SEO, CFO, Compliance Officer, MLRO, etc.
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Does an AIFC Participant’s authorisation allow it to operate outside the AIFC?
Operations outside AIFC require compliance with local regulation; additional licenses may be required.
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What companies need to seek authorisation?
Entities conducting Regulated, Market, or Ancillary activities must be licensed by AFSA.
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What is authorisation?
The process of obtaining AFSA consent to provide financial, market, and ancillary services from/in the AIFC.
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Can the AIFC Participant open a branch / representative office outside the AIFC?
Yes, subject to compliance with local laws of the destination jurisdiction.