Questions and answers

  • If I am an AIFC Participant, and my clients are in the rest of Kazakhstan, what do I have to do to ensure that my contracts with, and transactions for, my clients are governed by Acting Law of the AIFC?

  • What is being established at the AIFC site?

  • What is the AIFC?

  • What is the objective of the AIFC?

  • What will be the initial principal activities to be carried out at the AIFC?

  • What is the role of the AIX?

  • What is the role of the AIFC Court?

  • What is the role of the AIAC?

  • What is an AIFC participant?

  • Why become a participant in the AIFC?

  • How do I become a participant?

  • Do I have to form an AIFC company to be an AIFC Participant, or can I establish a branch which is an AIFC participant?

  • Do I need to have an office in the AIFC to be a participant?

  • Do I need to have full time employees based in the AIFC, if so what are the requirements for this?

  • Under AIFC Rules can an AIFC Participant service clients in “mainland” Kazakhstan or outside Kazakhstan from their office in the AIFC?

  • If I am an AIFC Participant, and have a branch in Almaty, can I do business through the branch under the Acting Law of the AIFC?

  • Can an AIFC Participant provide investment services for which it has AIFC authorisation to clients elsewhere in Kazakhstan without the need for any other authorisation and without being subject to regulation by the Central Bank or any other body?

  • If I want to sell units in funds in the rest of Kazakhstan from my office in the AIFC, as an AIFC Participant, do I have to establish the funds in the AIFC or can I market the securities of funds established outside AIFC?

  • Is it required for a firm to be a member of AIX or AIFC Participant in order to trade securities on AIX?

  • How can a partnership of lawyers come into the AIFC to practise law there, if the partnership is not an entity in its home state?

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