K. Kelimbetov: We create the platform with the international standards
In 2017 in Astana the main institutes of IFCA on a sample of the Dubai financial institution - the regulator, the new high-technology exchange, the arbitral center and independent court will be created, BNews.kz reported.
These are the main institutes which create the basis for the IFCA.
"We create the platform with international standards where everyone will be able to invest. On the one hand, it is an appeal to internal economy. With another, Kazakhstan is an economy which moved, moves and will continue to move by means of foreign investments. Foreign investors need clear rules of the game. In the IFCA there will be an English law which is clear to all. It will help us to attract foreign investors," the head of the IFCA Kayrat Kelimbetov said at Forbes Club meeting.
All privileges of IFCA will be available to the companies working in these directions: for this purpose it is necessary to receive registration and the license. Since July 1, 2017 company registration will begin, forbes.kz reports.
The registered participants will be able to remove offices in financial center. The first two years, the rent won't be levied. The IFCA will be located in the territory of the EXPO 2017 and to use all infrastructure constructed to this exhibition. Now it is 23 hectares, but in the near-term outlook the financial center will occupy all left coast of Astana.
Under the constitutional law the financial center shall begin to work on January 1, 2018.