Dodo Brands Redomiciles to the Astana International Financial Centre
Dodo Brands, the parent company of Dodo Pizza — the largest pizza chain in Russia and Kazakhstan — and Drinkit, a fast-growing digital coffee shop concept, has completed the process of redomiciliation1 from the British Virgin Islands to the Astana International Financial Centre (AIFC). The redomiciliation allows the company to change its legal jurisdiction while maintaining its legal entity status, corporate structure, and all existing obligations.
The process was finalized on June 12, 2025 and is the result of close cooperation between Dodo Brands and the AIFC. With this move, Dodo Brands joins a growing number of international companies that have selected the AIFC as their new jurisdiction. To date, 14 international holding companies have redomiciled to the AIFC, including Fix Price Group Ltd., Solidcore Resources Plc (former – Polymetal International Plc), Cheltenham Group Limited, and Specta Group Ltd.
Dodo Brands ranks among the top 7 largest foodservice companies in Europe, operating more than 1,300 pizza restaurants and cafés across 26 countries in the Middle East, Europe, Africa, and Southeast Asia. As of June 2025, Kazakhstan is home to over 100 Dodo Pizza locations and 14 Drinkit cafés. In Central Asia, the company has also opened 33 Dodo Pizza locations in Uzbekistan, Kyrgyzstan, and Tajikistan.
In 2024, Dodo Brands crossed $1 billion in system-wide sales, while total headcount across the network reached 43,000. The company’s expansion is driven by a franchise-first model — 95% of its stores are operated by local franchise partners.
A recognized leader in restaurant digitalization, Dodo Brands runs its entire network on Dodo IS, a proprietary cloud-based platform that integrates every function of the business — from point-of-sale systems and logistics to CRM2 and real-time analytics. All stores are connected to a single digital ecosystem, ensuring scalability, transparency, and operational consistency for partners and investors.
Renat Bekturov, Governor of the AIFC, noted: “The redomiciliation of Dodo Brands to the AIFC highlights the attractiveness of our jurisdiction to high-tech and fast-growing global companies. Our strong compliance standards and flexible regulatory environment create a favourable foundation for digital economy leaders like Dodo. We are confident that the company’s presence in the AIFC will not only strengthen our ecosystem but also help attract greater investor attention to Kazakhstan and Central Asia as a whole.”
“It was important for us to choose a jurisdiction where the company has an established operational presence. The AIFC was a logical choice for redomiciliation: Kazakhstan is home to Dodo Brands’ corporate office, and a significant part of our international business is conducted there. In addition, the AIFC offers a well-developed legal and business infrastructure aligned with international standards, making it an even more attractive base for scaling our operations,” said Dmitry Soloviev, CEO of Dodo Brands.
Reference:
The Astana Financial Services Authority (AFSA) is the independent regulator of the Astana International Financial Centre (AIFC), which is established in accordance with the Constitutional Law of the Republic of Kazakhstan “On the Astana International Financial Centre” for the purposes of regulating financial services and related activities in the AIFC. AFSA administers the AIFC Regulations and Rules and is responsible for the authorisation, registration, recognition and supervision of financial firms and market institutions in the AIFC.
Over 3,900 firms from over 80 countries are registered in the AIFC. These firms provide banking, insurance, investment, professional and other services. The range of financial services offered at the AIFC is comparable to the list of services available in long-established financial centers of the world, such as London, Hong Kong, Singapore, Dubai and others. www.afsa.kz
The Astana International Financial Centre (AIFC) is a leading financial hub in the Eastern Europe and Central Asia region, designed to connect global capital with the vast opportunities of emerging markets. Positioned at the crossroads of Europe and Asia, the AIFC combines international best practices with innovative approaches to create a world-class platform for investment, business, and financial services. Since its establishment in 2018, the AIFC has attracted over USD 14.8 bln in investments into Kazakhstan’s economy. www.aifc.kz
Contact information:
Public Relations and Communications Division of AFSA: +7 (717) 264 73 43; +7 7172 61-37-45 email: [email protected]
