Kazakhstan introduced a new investor visa on May 10, aimed
at attracting foreign businesses and strengthening the country’s economic
potential. Foreign nationals will be able to secure the so-called golden visa
by investing $300,000 in the authorized capital of domestic companies or local
securities. This, in turn, will give them the opportunity to obtain a residence
permit for up to ten years as well. Experts believe that the interest of entrepreneurs
is driven by Kazakhstan’s position as the largest economy in Central Asia with
a favorable and predictable business environment and a stable political
situation. Issuing the visa provides legal guarantees and enhances the
country’s investment climate.
«It is necessary to understand that a person who invests
$300,000 in Kazakhstan will be ready to continue investing. As I understood,
this is an initial contribution, and in the future it will have a multiplier
effect. That is, a person who has invested and will continue to invest in
Kazakhstan, in my opinion, will also invest in other large projects,» said Marat
Yessenov, Deputy Director of the Department at Kazakh Invest National Company.
Similar visa programs exist in the United States, United
Arab Emirates, Singapore, and European countries. For example, securing a
golden visa in the U.S. requires an investment of over $5 million. Uzbekistan
will introduce its own version in June, requiring a threshold of $250,000, plus
an additional $150,000 for each family member included. Preferred sectors for
investors in Kazakhstan have already been determined.
«Of course, we are all now focused on attracting investment
into non-oil sectors – particularly manufacturing and food production. While
these industries may attract smaller investments initially, they subsequently
give a multiplier effect by creating jobs and building production capacity that
remains within the economy,» said Gaukhar Kizatolla, Head of the Department at
the Investment Committee of the Kazakh Foreign Ministry.
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