Intelligent Solution Group > Services > Registration of a company and opening of a corporate account in Kazakhstan

Registration of a company and opening of a corporate account in Kazakhstan

A smooth start to doing business in Kazakhstan: company registration and opening a corporate bank account within a month. Comprehensive support, transparency and results. Opening a corporate bank account is ideal for those who are resident beneficiaries in other countries, transfer money from abroad to the CIS, or plan to make payments worldwide.

Price: € 3 200.

Remote company registration within 3 days.

Benefits of registration

Simplified tax regime for small businesses

Convenient online banking

Friendly jurisdiction

Absence of a minimum authorised capital

The widespread use of the Russian language

You do not need a visa to stay in the country

You can open an account at a traditional bank in Kazakhstan. We offer several options. Once you have opened a bank account, you will be able to make international payments without restrictions and in various currencies, as the country is not considered a ‘grey zone’ by the global banking system.

Main taxes:

corporate income tax is 20%
the simplified tax regime for small businesses is 3% of turnover
VAT is 12%.

Requirements

1

the required set of documents;
2

compliance policy;
3

the company must have a legal registration number in Kazakhstan;

4

filing an annual tax return;
5

proof of the legitimacy of the source of funds.

An auditor’s report may be required, depending on the size of the company. A company secretary is appointed only if this is stipulated in the company’s articles of association. Compliance with the law is essential; activities relating to sanctioned goods, etc., are not permitted.

Please leave your contact details. One of our specialists will contact you within 30 minutes to discuss your enquiry.

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Stages

We are analysing the company’s operations and projected turnover.

We are gathering all the necessary documents.

We complete and submit the application to register the company.

We are preparing the documents to open an account.

We are applying to the bank to open a corporate account.

We can help you complete all KYC checks and procedures.

Once the verification has been successfully completed, the bank will activate the account.

We can help you set up online banking and make payments.

Additional services

charged separately

We provide support with setting up non-resident companies and branches.
We advise on matters relating to the verification of the source of funds.
We prepare financial and accounting reports.
We assist with the compliance audit process.
We recover funds from frozen accounts.

Is it possible to open a corporate bank account in Kazakhstan if I am not a resident of Kazakhstan?

Yes, you can open a corporate account in Kazakhstan even if you are a non-resident. It is important that the company is registered in Kazakhstan and meets the bank’s requirements. We will help you prepare all the necessary documents and guide you through every stage of the KYC process and account opening.

What documents are required to prove the legality of the source of funds when opening a bank account in Kazakhstan?

To verify the legitimacy of the source of funds, the bank usually requests the company’s financial statements, tax returns, contracts with counterparties, account statements and other documents that demonstrate the origin of the funds. We advise and assist in compiling a complete set of documents to ensure that the account opening process runs as smoothly as possible.

What restrictions or prohibitions apply to the types of business activities undertaken by companies registered in Kazakhstan?

Companies in Kazakhstan are prohibited from engaging in activities related to sanctioned goods, illegal trade, or any other areas prohibited by the country’s legislation. Before registration, we will thoroughly analyse your business model and confirm the permissibility of your chosen line of business to avoid risks and issues with the regulatory authorities.

Cases:

CASE: How to recover frozen $600,000

The client faced a problem with frozen funds in the account of his international company. The bank where the account was held was in the process of liquidation and froze all funds while starting an audit of its clients.

CASE: Forgotten $400,000

Our client decided to completely liquidate his company, established about 10 years ago in Latvia. During the liquidation process and communication with the bank, we discovered that the client had $400,000 in the account for several years — money everyone had forgotten about.