Astana International Financial Centre
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| Industry | Financial Services |
|---|---|
| Founded | 2018 (planned launch) |
| Headquarters | Astana, Kazakhstan |
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Key people
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Kairat Kelimbetov (Governor) |
| Website | http://www.aifc.kz/ |
Coordinates: 51°05′28.5″N 71°24′46.1″E / 51.091250°N 71.412806°E
The Astana International Financial Centre (AIFC) is a planned financial free zone located in Astana, Kazakhstan. AIFC is scheduled to come into full operation on 1 January 2018.
On 20 May 2015, the President of Republic of Kazakhstan Nursultan Nazarbayev announced the “100 Concrete Steps” Plan of the Nation to implement the five institutional reforms, designed to provide a strong national platform needed to achieve country’s ambition of joining the top 30 developed countries by 2050. As part of the Plan of the Nation, AIFC was established with a special legal status to be based on the EXPO-2017 International Specialized Exhibition infrastructure.
The Constitutional Law "On the Astana International Financial Centre" approved on 7 December 2015 provides a legal framework for the functioning of the AIFC as well as a favourable environment for its participants.
The Astana International Financial Centre plays one of the main roles in attracting financial resources. It is positioned as a financial hub for the countries of Central Asia, the Caucasus, Eurasian Economic Union (EAEU), Middle East, Western China, Mongolia and Europe.
It is a supreme authority that includes high profile leaders of global financial corporations and is chaired by the President of Kazakhstan. The main objectives of the Management Council include the determination of the strategic directions for the AIFC development and the assistance in the development of the favourable conditions for the formation of a leading financial centre. AIFC Development strategy was determined by the Management Council during its first meeting on 26 May 2016.
AIFC Authority was established on 28 December 2015 and is responsible for the development of the overall strategic plan, promotion of AIFC in the global markets, attraction of the potential participants to AIFC.
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