Astana International Finance Center reveals volume of investments attracted

Kazakhstan Materials 7 June 2023 11:55 (UTC +04:00)
Maryana Ahmadova
Maryana Ahmadova
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ASTANA, Kazakhstan, June 7. Astana International Financial Centre (AIFC) has attracted $8.3 billion in investments, Renat Bekturov, Governor of the AIFC, said at a briefing on the sidelines of the Astana Finance Days event, Trend reports.

“The unique and advantageous tax system of the AIFC offers residents the opportunity to enjoy favorable tax conditions, which further enhances Kazakhstan's already relatively low tax burden. For instance, corporate tax income tax, as well as the value added tax are zero here at the AIFC, compared to 20 percent and 12 percent, respectively, in Kazakhstan,” the governor said.

According to Bekturov, so far, 2,000 participants have joined the AIFC from 75 countries.
“Today, 2,704 licensed companies offering 35 different types of financial services,” he said.

As the governor explained, the idea was to become a regional hub.

“Before, Central Asian economies did not have a centralized international financial center. The nearest IFCs to the AIFC are in Russia and the Middle East. The ones in the Middle East are approximately 4,000 km far from Astana,” he added.