Financial licenses in Kazakhstan: features and opportunities

The financial sector of Kazakhstan is developing rapidly, which makes the country attractive for entrepreneurs engaged in payment services. In Kazakhstan, you can obtain two main licenses for working with financial transactions:

1. Payment service provider (PSP) license - register a company with the National Bank of Kazakhstan and obtain the appropriate license.
2. Money services license from the Astana International Financial Center (AIFC) - register a company in an offshore jurisdiction with special tax conditions.

Payment operator activities in Kazakhstan

Payment service operators (PSP) and payment operators (PO) provide a wide range of financial services, including:

• International and domestic money transfers (bank transfers, transfers to mobile wallets and bank cards);
• E-wallet services for storing funds, online purchases and financial transactions;
• Online payments for goods and services through electronic payment systems;
• Additional financial services related to payment processing.

PSP Registration in Kazakhstan

Registration of a payment service provider in the main jurisdiction is carried out by the National Bank of Kazakhstan. The process includes:

• Creation of a legal entity (LLP): choosing a name and preparing constituent documents; registration with government agencies; formation of the authorized capital; approval of the company's internal regulations.
• Registration with the National Bank of Kazakhstan: filing an application and the necessary documents; obtaining a registration number after checking compliance with the requirements.
• Inclusion in the register of payment organizations: assessment of compliance with the requirements and qualifications; obtaining a permit for PSP activities.

Company registration in the offshore center AIFC

In addition to the main jurisdiction, PSP or PO registration is possible in the Astana International Financial Center (AIFC), which offers special regulatory conditions. The advantages of the AFSA (AIFC) license include:

• Tax incentives and its own progressive legislation;
• Loyal capital requirements;
• The ability to integrate additional financial services, including cryptocurrency transactions.

Conclusion

Obtaining a financial license in Kazakhstan is an opportunity to officially operate in the field of payment services and money transfers. IT-OFFSHORE provides professional support at all stages of obtaining a license, helping with business registration, document preparation and interaction with regulatory authorities.