New exchange to appear in Kazakhstan since 2017
New high-technology exchange will work in Kazakhstan since September 1, 2017, managing director of the international financial center "Astana" Kairat Kelimbetov reported at the international forum ASTEX Astana Smart City 2016 exhibition, BNews.kz correspondent reports.
"New high-technology exchange will work in Kazakhstan since September 1, 2017. We will develop certain platforms together with Astana Innovation and the Ministry of information and communications of Kazakhstan on new approaches, so-called "blockchain" approaches. The privatization of Samruk-Kazyna company will take place at this exchange. Samruk-Kazyna company is nearly 40% of Kazakhstan GDP. New independent financial court and new arbitral center will be created next year which will become the centers, perhaps, for judicial system in all former Soviet Union as the principles of an English common law will be applied for the first time. This exchange will began in full since January 1, 2018," K. Kelimbetov said.
Also managing Astana International Financial Centre (AIFC) noted that company registration for participants of the international financial center will open since July 1, 2017.
"They will receive unprecedented privileges. It is the simplified visa and labor regime, tax exemption for 50 years if they are engaged in profile types of activity. It is the market of the equities, asset management, Islamic finance and new financial technologies," K. Kelimbetov said.