AIFC versus National Legislation of the Republic of Kazakhstan

We are delighted to announce that an article written by Tair Kulteleev, AEQUITAS Senior Associate and Head of AEQUITAS AIFC Branch, was published in the November issue of Petroleum. The article compares the specifics of incorporating companies under the Kazakh legislation and under the jurisdiction of the AIFC.

Investors considering the possibility of launching their businesses in Kazakhstan have been increasingly focusing on the attractive conditions offered by the Astana International Financial Centre.

Over 6 years of activities of the financial centre, more than 2,000 organizations have been successfully registered with the AIFC. In most cases, investors opt for a "private company" (the "Private Company"), an organizational legal form of a newly established legal entity.  As of today, there are 1,867 registered private companies.

As regards the number of registered legal entities set up in accordance with requirements of the national legislation, at the date of writing, there are 510,797 legal entities.  The prevailing organizational legal form used among them is a limited liability partnership (the "Partnership").

Tair proposes a comparative analysis of the process of incorporating and registering Partnerships and Private Companies.

Read the article here.