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ARTICLE · 14 SEPTEMBER 2016

The Astana International Financial Centre

Michael Wilson & Partners
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By the Decree of the President of Kazakhstan, dated 19 May 2015, a new financial centre, called the Astana International Financial Centre ("AIFC"), was created in Kazakhstan's capital, Astana.

KazakhstanWealth Management
Elena Lee
Elena Lee
Assel Kulisheva
Assel Kulisheva

By the Decree of the President of Kazakhstan, dated 19 May 2015, a new financial centre, called the Astana International Financial Centre ("AIFC"), was created in Kazakhstan's capital, Astana, with an ambitious goal to become one of the top 10 financial centers in Asia, and one of the top 30 in the world by 2020.

The legal framework of the AIFC was drafted to complement the existing regulations of the Dubai International Financial Centre, which are based on the common law of England and Wales.

The AIFC began operating from 1 January 2016. To effectively utilise the premises being constructed for the EXPO-2017 Exhibition, the AIFC will be located within the territory of the EXPO, however from 1 January 2018.

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