Kazakhstan recently opened its doors to the new Astana
International Financial Centre (the AIFC). The AIFC specifically
aims towards the financial and professional services growth. The
AIFC is a full speciality Kazak Free Zone, comprising of the
institutions and the ever-growing commercial companies as well as
the international firms. This will cover all the banking and
finance aspects inclusive of the capital markets, private banking,
asset management and Islamic finance. The official language of AIFC
is English. This initiative is towards the aim of attracting
international investments.
The AIFC is focusing on the regions of Central Asia, the
Eurasian Economic Union and Mongolia. The AIFC is a part of the
country's participation in the 'One Belt, One Road'
development and investment strategy. With its legal framework
determined by the Constitution of the Republic of Kazakhstan, it
makes applications towards the commercial and civil law and extends
beyond the
