The Financial Permission that simply delivers more
PAYMENT PROCESSING - E-WALLETS - FOREX / SECURITIES DEALING - CRYPTO ACTIVITIES
Expand your business - not with many expensive licenses, but with a single approval that covers trading in forex and CFDs, payment processing and merchant services, electronic wallets and even crypto activities. Save costly, lengthy applications in different countries if you can combine everything together on a single company with a single approval. Incl. included full bank accounts for direct customer money acceptance and forwarding. It could not be better.
WITHOUT MINIMUM DEPOSIT / SECURITY DEPOSIT OR OTHER PAYABLE CAPITAL AS IN OTHER COUNTRIES. THE STANDARD PAID-UP CAPITAL IS 1 USD.
Licensing Regime and Corporate Informations
Of course, the beginning of each setup process is the incorporation of the company in Kazakhstan.
When the company is founded, PAMEROY applies for your BIN number (Business Identification Number), which is indispensable in Kazakhstan for tax and register purposes.
At the same time, a local director is appointed, who is either passive or even active for you and represents your company (local requirement, director must be Kazakh). You are welcome to inquire about the terms of the nominee director's positions or active supporting directors to support you.
For your company you will receive the electronic commercial register extract as well as the deed of incorporation, statute, tax number certificate in the original as well as professional translations into English (we always recommend in English drafted documents to simplify the dealings with future international partners).
The company formation takes about 2-3 weeks. You will be appointed as shareholder and sole beneficiary. The required local director will be appointed as passive director.
The licensing process was further simplified in July 2019.
Previously, without exception, the National Bank was responsible, which often involved lengthy processing.
Since August 2019, PAMEROY has optimised the processes. In the course of the full digitization of all authorities in the country, the registration as a financial provider can also be done by another authority, from which the notification is automatically sent and accessable by the National Bank.
Your company will be registered with the relevant Ministry, the Ministry of National Economy of the Republic of Kazakhstan, as Financial Services Provider (based on the documents prepared by PAMEROY and tailored to your needs).
You may already start from this point on and offer services and activities to your customers.
Once the status of being a Financial Services Provider has been granted, an accreditation letter will be commissioned through the National Bank.
This accreditation document issued by the National Bank will then certify your permission: Payment Processing (PSP) activities, Forex / Securities Dealing as well Crypto based activities. Thus you can offer and operate activities easily and legally secure with the official blessing of the regulator of the Republic of Kazakhstan.
And not only within Kazakhstan, but worldwide, e.g. online, if certain simple conditions are met. We are happy to inform you about this.
Details and Facts about your new KZ company.
Estimated total setup time
Company formation, bank account setup and licensing process take about 6-8 weeks.
Notarized and apostille attorney's power of attorney (please contact us)
notarized and apostilled passport copy
Corporate tax is 20% on the pure company profit. PAMEROY offers you legal opportunities to reduce the tax liability to almost 0% , eg through outsourcing and process relocation to low-tax countries.
You also get a clever and experienced accountant in Kazakhstan.
Start and Setup Services (excerpt)
Preliminary examination of all documents
Due Diligence / WorldCheck
2 x account openings
Liason with ministries and the National Bank
Mediation StB / Accountant
Registered Agent Service
Mail forwarding or immediate processing by local director
and much more - all other services and these are listed in detail in our invoice to you.
Like any other financial services provider, you must identify each customer (ID document + address verification). A Compliance Officer is not required. Apart from the local director, there is no need to employ any additional mandatory staff in Kazakhstan .
Costs up from 2nd year
about 3500 EUR per year for Registered Office and Agent as well as the local director
Interest? Order the full exposure now!
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