Steps on how to apply for a Kazakhstan Investor Visa
Kazakhstan Investor Visa is a document offered by the government of Kazakhstan to investors who want to come and invest in the country. This visa allows the investor to stay in the country for three years and allows them to work in the country.
The investor must be able to provide evidence that they have enough money to invest in the country and that they will not be a burden on the government. Obtaining this visa is relatively easy and only takes a few days.
In this article, you will learn the process and requirements for obtaining an investment visa for Kazakhstan.
Kazakhstan People and Economy
Kazakhstan is one of the most economically prosperous countries in Eurasia. The country has a very high Human Development Index ranking, and its per capita GDP is higher than any other Central Asian republic.
Kazakhstan’s economy has been growing at an average rate of 9 percent over the past decade, making it one of the fastest-growing economies in the world. In 2016, Kazakhstan’s gross domestic product was $117.5 billion, making it the eighteenth largest economy in the world.
The majority of Kazakhstan’s economic growth has come from exports, with significant increases in oil and gas production contributing to this success. However, there is also significant investment and employment growth within the Kazakh economy, with many jobs available for those seeking them out.
This high level of human development should continue to underpin Kazakhstan’s economic prospects as it grows domestically and internationally.
About Kazakhstan Visa Policy
Kazakhstan is a visa-free country for tourists, meaning that citizens of most countries can enter without a visa. However, certain nationalities, such as Americans and Australians, must obtain a visa prior to travel. Visas are available from Kazakhstan Diplomatic Missions or through authorized travel agencies.
The cost of a visa ranges from $30 to $100, depending on the type of visa. In addition, travelers must have an onward ticket and any required visas for their destination country. A valid passport is required for both nationals and non-nationals traveling to Kazakhstan.
Since Kazakhstan became a member of the Eurasian Economic Union in January 2017, visa requirements for citizens of other EEU countries have been eased. For example, citizens of Belarus, Kazakhstan, Kyrgyzstan, and Russia are now able to stay for up to 90 days without a visa. This policy change comes as a result of the union’s goal to create an open market among its members.
However, citizens of countries not included in the EEU still require a visa if they wish to visit Kazakhstan. For example, Americans must apply for a visa at the Kazakh embassy or consulate in their home country before traveling to Kazakhstan. Travelers from most other countries can obtain a tourist visa on arrival at any Kazakh diplomatic mission abroad. The cost of a tourist visa is around USD 30.
What is a Kazakhstan Investor Visa?
A Kazakhstan investor visa, unlike a work visa, allows foreign nationals to invest in Kazakhstan and live and work in the country. The visa is valid for two years and can be extended once.
Kazakhstan’s newly established Astana Financial Center (AFFC) will act as an IFSC for HNW investors seeking residency visas. Astana International Financial Center (AIFC) is situated on the east and west gateway. Part of the AIFC plan includes housing development through an investment program.
The investment needed is between $100,000 and $200,000. It can either be invested in an investment fund listed on the Astana Stock Exchange or by buying real estate within the borders of the AIFC.
The program would allow visa recipients to enter the country of Kazakhstan, allowing them to enjoy the same social and healthcare benefits as citizens. However, for the time being, the program only provides visas for Kazakh permanent residency. There’s no information on the Kazakh citizen-by-investment program.
One of the benefits of the AIFC is its tax benefits, especially for foreign investors in the Central Asian region, such as Russians, Turks, and Chinese. In addition, the program’s zero taxes on local income attracts entrepreneurs and other investors in this area.
Eligibility for Kazakhstan Investor Visa
The investor visa is granted to the following class of individuals:
- Chief executives of megacorporations active in the investment sector in Kazakhstan and their deputies.
- Directors of structural divisions (chief financial officers, etc.) are often the heads of the operations of structural divisions.
- Foreign investors are using the AIFC investment tax residency program to perform investments.
- Dependent family members of yours.
Kazakhstan investor Visa Requirement and Application
To get an invitation for Visa issuance, you will need the following.
- Documental proof indicating the registration of the legal entity.
- An identification card of a representative empowered to distribute documents power of attorney, as well as a copy of the power of attorney document, is recorded in the paper.
- Properly completed form
- Clear passport photograph
- A copy was given for the document that confirms long-term stay in the community (residence work permit, visa for trip from the place of residence, official translation into Kazakh or Russian if available) if the invited party acquired legal status in the country of citizenship (if applicable).
- Letter requesting the issuance of an investor visa issued by a government entity.
- A notarized copy of a legal marriage, birth adoption certificates, and their certified translation into Kazakh or Russian.
- Payment of stipulated fees.
For the Visa issuance, the following documents will be required:
- Certificate of registration of the legal entity.
- Document revealing permission for the delivery of documents power of attorney, consisting of a copy of the identity document of the representative authorized person (once a year).
- Colour, or black-and-white photograph 3.5 x 4.5 inches.
- Original Valid passport
- Legal document codifying acute situation requiring issuing an Investor visa with Authorized Government Body.
- Letter from the inviting party in response to the visa application.
- Visa application form.
Steps on how to apply for a Kazakhstan investor visa
- Approving and reception of the application for an investor visa at the Investment Committee of the Foreign Affairs Ministry of the RoK.
- Tender the documents to the migration service at the place of registration of the inviting party.
- Obtaining of visa at the embassy of Kazakhstan in the country of citizenship or permanent residence of a foreign citizen.
Also Read: Kazakhstan Business Visa – Requirements, Validity, and Fees
Frequently Asked Questions
How do I become a citizen of Kazakhstan?
Citizenship of the Republic of Kazakhstan will be transferred to birth; as a result of the conferment of citizenship of the Republic of Kazakhstan; on the grounds or in the way provided by the interstate agreements of the Republic of Kazakhstan; on other grounds stipulated by law.
Does Kazakhstan allow dual citizenship?
Kazakhstan does not permit its citizens to hold dual citizenship. Following the laws of Kazakhstan, citizens of the country are not allowed to be citizens of another country.
Can two foreigners get married in Kazakhstan?
To apply for marriage registration in the Civil Registry Office for foreigners, a permit is necessary from the competent authority in the state in which they are applying and a citizen of their own country. However, there can be cases in which marriage registration made in a foreign country can be declared invalid without approval from that state.
Does Kazakhstan offer citizenship?
The nationality of the Republic of Kazakhstan can be adopted if a person permanently resides in the territory of the Republic of Kazakhstan or has been married to a citizen there for at least three years.
Is Kazakhstan poor?
In Kazakhstan, approximately 5 percent of the population reportedly lives under the national poverty line in 2020.
Can I marry in Kazakhstan?
If you plan to get married in Kazakhstan, you should comply with the Law on Citizenship and Part Seven of the Marriage and Family Code of Kazakhstan. In addition, you and your fiance must apply for a marriage registration certificate at the Office of Registration of Civil Events (ZAGS).
Does Russia allow dual citizenship with Kazakhstan?
The Republic of Kazakhstan strictly forbids dual citizenship, and anyone who obtains second citizenship will lose their original citizenship.
Is Kazakhstan a good place to live?
Kazakhstan is a relatively safe place for immigrants to live. Nonetheless, law and order in certain cities are not the best, and muggings and theft are dangerous for ex-pats. Therefore, immigrants are advised to walk with a group, use taxis at arranged times, and stick to the clear least favorite.
Is Kazakhstan a 3rd world country?
Niger (0.354), Central African Republic (0.367), South Sudan (0.388), Chad (0.404) … Third World Countries 2023.
What is the legal age in Kazakhstan?
Age of consent as contained in section 122 of the Criminal Code defines age of consent as 16.
What is the religion of Kazakhstan?
Kazakhstan has more than 100 ethnic groups and over 40 faiths. Ethnic Kazakhs are predominantly Sunni Muslims. The Slavic people of the country are traditionally Orthodox Christians. There are other religious groups and a small Jewish minority, too.
Do they speak English in Kazakhstan?
English is not quite as widely spoken as it is in Western Europe and Russia. More and more people, however, are learning it. In the cities and tourist industry, there are a lot of people who speak English.
Finally, if you want to invest in Kazakhstan, the easiest method to do so is to apply for a visa. You will have to take a few steps to apply, and following these instructions will ensure that your application is processed smoothly and that you receive the appropriate visa. If you have any queries about obtaining a visa or investing in Kazakhstan, please get in touch with us, don’t hesitate to reach out to a professional immigration lawyer.