The Astana International Financial Centre (AIFC) has approved the amendments to the Regulations and Rules on registration procedures of the AIFC participants. 
The amendments were proposed by the Astana Financial Services Authority (AFSA), the regulatory body of the AIFC, responsible for the regulation of the financial services as well as the registration, authorisation and recognition of the legal entities in AIFC.    
The amendments are related to the repealing of a Commercial Licence and associated fees and issuance procedures, as well as setting a one-time payable fee for incorporation and recognition. Previously AIFC Participants were required to hold a Commercial Licence and pay prescribed renewal fee of $100 annually. Now an applicant (companies, partnerships or non-profit incorporated organisations) seeking to register or be recognised must pay one-time payable fee of $300. 

It is important to note that the applicants registered or recognised after July 5, 2018, but before July 5, 2019 are subject to one single payment of $100 within the 12 months period from the date of registration or recognition. For applicants incorporated after July 5, 2019, but before July 5, 2020 a one-time registration or recognition fee is set out at 300 USD with a possibility of paying 200 USD on the date of submission of application and deferred payment of 100 USD during the next 12 months from the date of registration or recognition.

The amendments also set new administrative services fees for post-registration procedures of $50 and processing inquiries of $20.