international magazine
01 / 2019


ASTANA INTERNATIONAL FINANCIAL CENTRE — meeting the challenge



It turned out the AIFC is a unique project for the CIS countries. With the help of its own court, arbitration, the stock exchange and its own AIFC regulator, it should become the «center» of attracting investments into the economy of Kazakhstan. Organization in the post Soviet state of a financial hub for the entire Central Asian region, with a hub based on the principles of English law, having a preferential tax regime and an independent financial court ... Just a few years ago, such a project could be considered extremely fantastic. However, today it's reality. As it usually happens, the project was initiated by Kazakhstan President Nursultan Nazarbayev. During one of his public speeches, «Plan of the Nation 100 Steps in 5 Institutional Reforms», he voiced an extraordinary idea — to create the AIFC in Astana based on ASTANA EXPO 2017 infrastructure. A similar center in Dubai became a reference point.