Offshore or Not? Tokayev Confirms Special Tax Regime for Alatau
Photo: Akorda
Kazakhstan’s new city of Alatau will operate under a special tax regime, while project participants will gain access to the Astana International Financial Center’s ecosystem. Authorities previously denied that the city would become an offshore zone, Orda.kz reports, citing Akorda.
President Kassym-Jomart Tokayev outlined Alatau’s financial model during a meeting with Chinese business leaders in Shanghai. The authorities aim to turn the city into one of the region’s leading financial centers and establish separate rules for digital assets, tokenization, blockchain technology and the cryptocurrency industry.
A competitive legal framework and a special tax regime will undoubtedly underpin this work. Alatau project participants will have access to the AIFC ecosystem,Tokayev said.
The AIFC operates under English common law principles. According to Tokayev, it currently serves around 6,000 companies from more than 90 countries.
Earlier, Orda.kz reported that Alatau’s tax, financial and regulatory rules were expected to be prepared within a year.
At the same time, the authorities previously denied plans to create a conventional offshore zone in Alatau. Nevertheless, the city will receive a special tax regime, separate financial rules and access to the AIFC’s jurisdiction.
Original author: Alexander Zhdanov
Read also:
Latest news
- Kazakhstan Transfers Its 40% ERG Stake to Samruk-Kazyna
- Astana to Host UEFA Presidential Election in 2027
- Was Kazakhstan’s First Wild Tiger in 70 Years Spotted Near Homes?
- Almaty Deports 35 Indian Citizens for Overstaying
- Kazakhstan Adds AI to School Computer Science Classes
- From Party Lists to Presidential Succession: What the Kurultai Election Could Change
- Financial Regulator Can Force Troubled Banks to Change Owners
- Kazakhstan to Auction 26 Areas for Oil and Gas Exploration
- Is Kazakhstan’s Economy Becoming Less Reliant on Oil?
- Kazakhstan Releases More Than 600 Prisoners Under Amnesty
- Seven Regions of Kazakhstan Face Drought in August
- Dozens of Fake Diplomas Found in Kazakhstan
- Alatau Plans Full-Cycle Sustainable Aviation Fuel Production
- Kyrgyzstan Prohibits Human Cremation
- Trade Minister Says Kazakhstan Should Become a “Landlocked Singapore”
- Kazakhstani Wildberries Sellers Will Receive Advice but No Compensation
- Tankers Keep Returning for Kazakh Oil Despite Attacks at CPC Terminal
- Two Border Villages in Uzbekistan to Become Part of Kyrgyzstan
- Kazakhstan Fines and Jails Over 20 Streamers for Offensive Content
- Foreign Investors Put 2.6 Trillion Tenge Into Kazakh Government Bonds
