REGULATORY LICENSING \u00a0\u00b7\u00a0 KAZAKHSTAN<\/p>\n
Bond Stone advises financial institutions, fintech companies, and foreign banks on obtaining financial services licences in Kazakhstan \u2014 from the National Bank of Kazakhstan (NBK) for banking, payment, and microfinance activities, and from AFSA for AIFC-regulated financial services. Kazakhstan’s financial services regulatory framework is among the most active licensing environments in Central Asia, with significant new entrants in fintech, digital payments, and AIFC-regulated digital assets.<\/p>\n
National Bank of Kazakhstan (NBK) \u2014 regulated activities<\/p>\n
The NBK is the primary financial services regulator for activities outside the AIFC. NBK-licensed activities include: banking (deposit-taking, lending, payment services); payment organisations and payment system operators; microfinance organisations; insurance and reinsurance; brokerage, dealer, and investment portfolio management activities on the Kazakhstan Stock Exchange (KASE); and currency exchange operations. Each licence category has specific minimum capital, qualified personnel, IT systems, internal control, and AML\/CFT requirements.<\/p>\n<\/div>\n
AFSA licensing \u2014 AIFC-regulated financial services<\/p>\n
The AIFC Financial Services Authority (AFSA) licenses financial services activities within the AIFC framework \u2014 digital assets, payment services, investment management, banking, insurance, Islamic finance, and capital markets. Bond Stone holds AIFC Registered Legal Adviser status and advises on AFSA licensing applications, regulatory business plans, compliance frameworks, and ongoing AFSA supervision requirements. AFSA-licensed entities benefit from AIFC tax exemptions until 2066 and access to the AIFC Court.<\/p>\n<\/div>\n
Payment organisations \u2014 NBK licensing<\/p>\n
Payment organisation licences from the NBK are required for companies providing payment services, operating electronic payment systems, or processing payments in Kazakhstan. Since 2022, the NBK has significantly tightened payment organisation licensing requirements \u2014 minimum capital of KZT 200 million, mandatory AML\/CFT programme, certified IT systems, and qualified personnel requirements. Bond Stone advises on structuring payment operations to meet NBK licensing requirements and manages the full application process.<\/p>\n<\/div>\n
Banking licence \u2014 foreign bank entry<\/p>\n
Foreign banks entering Kazakhstan may obtain a full banking licence from the NBK or establish an AIFC-regulated bank branch. Full bank licensing requires minimum capital of KZT 20 billion, qualified management, and comprehensive regulatory documentation. A foreign bank branch within the AIFC is subject to AFSA regulation with different capital and operational requirements. Bond Stone advises on the choice between NBK-licensed and AFSA-licensed banking structures for foreign bank entry into Kazakhstan.<\/p>\n<\/div>\n<\/div>\n
Payment Organisation Licence \u2014 NBK<\/p>\n
Licensing \u00b7 Kazakhstan \u00b7 Fintech<\/p>\n
Full-cycle advisory on obtaining a payment organisation licence from the NBK \u2014 capital structuring, AML\/CFT programme preparation, IT certification documentation, qualified personnel requirements, and regulatory liaison throughout the approval process.<\/p>\n<\/div>\n
AFSA Digital Assets Licence<\/p>\n
Licensing \u00b7 AIFC \u00b7 Digital Assets<\/p>\n
Advising a digital asset exchange on AFSA licensing \u2014 regulatory business plan, AML\/CFT framework, custody arrangements, consumer protection policies, and ongoing AFSA compliance framework implementation.<\/p>\n<\/div>\n
Microfinance Organisation Licence<\/p>\n
Licensing \u00b7 Kazakhstan \u00b7 Financial Services<\/p>\n
Obtaining a microfinance organisation licence from the NBK for a fintech company \u2014 minimum capital structuring, organisational requirements, loan portfolio limits, and interest rate cap compliance advisory.<\/p>\n<\/div>\n<\/div>\n
Why Bond Stone<\/p>\n
\u2726 \u00a0Full licensing lifecycle \u2014 strategy through eGov submission, regulatory liaison, and ongoing compliance<\/p>\n
\u2726 \u00a0Ranked Legal 500 EMEA Top Tier and IFLR1000 Market Leader \u2014 Almaty and Astana offices<\/p>\n<\/div>\n
Contact Bond Stone for a confidential discussion about financial services licensing in kazakhstan.<\/p>\n
\ud83d\udce7 info@bondstonelaw.com<\/a> Request a Confidential Consultation<\/a> REGULATORY LICENSING \u00a0\u00b7\u00a0 KAZAKHSTAN Financial Services Licensing in Kazakhstan Bond Stone advises financial institutions, fintech companies, and foreign banks on obtaining financial services licences in Kazakhstan \u2014 from the National Bank of Kazakhstan (NBK) for banking, payment, and microfinance activities, and from AFSA for AIFC-regulated financial services. Kazakhstan’s financial services regulatory framework is among the […]<\/p>\n","protected":false},"author":4,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-4911","page","type-page","status-publish","hentry"],"translation":{"provider":"WPGlobus","version":"3.0.5","language":"ru","enabled_languages":["en","ru"],"languages":{"en":{"title":true,"content":true,"excerpt":false},"ru":{"title":false,"content":false,"excerpt":false}}},"_links":{"self":[{"href":"https:\/\/bondstonelaw.com\/ru\/wp-json\/wp\/v2\/pages\/4911","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bondstonelaw.com\/ru\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/bondstonelaw.com\/ru\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/bondstonelaw.com\/ru\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/bondstonelaw.com\/ru\/wp-json\/wp\/v2\/comments?post=4911"}],"version-history":[{"count":2,"href":"https:\/\/bondstonelaw.com\/ru\/wp-json\/wp\/v2\/pages\/4911\/revisions"}],"predecessor-version":[{"id":4913,"href":"https:\/\/bondstonelaw.com\/ru\/wp-json\/wp\/v2\/pages\/4911\/revisions\/4913"}],"wp:attachment":[{"href":"https:\/\/bondstonelaw.com\/ru\/wp-json\/wp\/v2\/media?parent=4911"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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