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ARTICLE · 16 JANUARY 2024

Data Privacy In Kazakhstan's Astana International Financial Centre

In this article, we take a look at data privacy law as it applies in the Astana International Financial Centre (AIFC), which was officially launched in 2018.

KazakhstanPrivacy
In this article, we take a look at data privacy law as it applies in the Astana International Financial Centre (AIFC), which was officially launched in 2018. The AIFC is a territory within Astana, the capital of Kazakhstan, where a special legal regime applies to the financial sector. The data privacy law applicable in the AIFC is most closely aligned with the EU's General Data Protection Regulation (GDPR).

The AIFC provides a favourable environment for companies registered there. It aims to attract investment in the Kazakhstan economy, develop local capital markets and engender the production of goods and services. As of 8 December 2023, 2,390 companies were registered with the AIFC.

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