Who are the AIFC Participants?
According to the Article 1(5) of the Constitutional Law of the Republic of Kazakhstan “On the Astana International Financial Centre”, the AIFC Participants are the legal entities incorporated pursuant to the acting law of the AIFC, and other legal entities accredited by the AIFC.
What is an Authorised Firm?
An Authorised Firm is an AIFC Participant which has been licensed by the AFSA to carry on one or more Regulated Activities.
What is an Authorised Market Institution?
An Authorised Market Institution is an AIFC Participant which has been licensed by the AFSA to carry on one or more Market Activities.
What is an Authorised Person?
An Authorised Person is either an Authorised Firm or an Authorised Market Institution.
What is an Ancillary Service Provider?
An Ancillary Service Provider is an AIFC Participant which has been licensed by the AFSA to carry on one or more Ancillary Services.
Should my firm talk to the AIFC Authority or Astana Financial Services Authority (AFSA) before submitting an application form?
Applicants should discuss their proposals with the AFSA Registration and Authorisation Division in the first instance.
How much are the registration fees?
Applicants seeking to establish a presence in the AIFC need to pay one-time payable fee of $300. More information can be found in the AIFC Fees Rules.
How much are the authorisation fees?
The authorisation fee will vary according to the activities to be carried on. The application fee will range from $5,000 to $10,000 depending on the Regulated Activities a firm intends to conduct, and is $2000 for Ancillary Services. All fees are stated in US dollars. More information can be found in the AIFC Fees Rules.