AIFC attracts nearly six trillion tenge in investments

AIFC attracts nearly six trillion tenge in investments

Over 41 billion tenge in taxes were paid by participants of the Astana International Financial Centre (AIFC) in the first nine months of 2024, representing a 4.5 billion tenge increase compared to the entire previous year. Since its inception, the AIFC participants have contributed over 126 billion tenge to the state budget. In terms of investment, the center has attracted about six trillion tenge to Kazakhstan. These figures were provided by AIFC analysts. Currently, over 3,300 companies from 80 countries are registered at the financial center, with nearly half of them being foreign-owned, primarily from Europe, Asia, and the Middle East. The country’s favorable geographic location and attractive investment climate continue to bring in new major players each year, including leading financial companies, global cryptocurrency exchanges, professional service providers, regional development banks, and others.

«The AIFC is a special jurisdiction created with favorable conditions for business development. This includes not only tax preferences which are available solely for financial companies, but also the legal component of the regulatory framework, based on the principles of English law. Additionally, companies choose our jurisdiction due to our independent judicial system. We have our own independent court - the AIFC Court, Arbitration Centre, and the ability to create structured products that, for example, cannot be created in the jurisdiction of Kazakhstan,» noted Zhanna Diyarova, Director of the Department, AIFC Authority.