Astana International Financial Centre was presented in Baku

04 December, 2018, 09:53 170
Astana International Financial Centre was presented in Baku

Owing which Azerbaijani companies can realise their capacity for seeking investment. 

The Centre presented its services to Azerbaijani entrepreneurs and financial institutions including the development of capitalization, asset management, advancement of Islamic finance and many others, 24.kz reports.  

Over five months of its activity, the Astana International Financial Centre has attracted 88 companies from various states, which is due to a broad spectrum of services and unprecedented privileges for businessmen. It, firstly, includes tax exemption, free-of-charge offices within the EXPO city, as well as a 5-year visa-free regime for employees and their family members. 

"We have a singular mission of helping the Azerbaijani business to turn to Kazakhstan, to our platform, to spot benefits. That is because each business opts for a platform itself: either the European market or Asian one. And the Kazakh version of development is just around the corner. We are ready to offer the most comfortable conditions in Astana, in the financial centre for Azerbaijani companies," said managing director of the AIFC Administration Aidar Kazybayev. 

Owing to this new instrument, Azerbaijani companies have received an opportunity to realise their capacity for seeking investment in the Eurasian space, including access to NASDAQ, the Shanghai Stock Exchange and so on. During the presentation, the local entrepreneurs observed the possibilities of implementing Islamic finance instruments. 

According to the Vice President of the National Confederation of Entrepreneurs of Azerbaijan, Vugar Zeynalov, this platform has familiarized Azerbaijani companies with the services of the Astana International Financial Centre. 

"We inform businessmen that the Centre offers them to attract alternative sources of income on a cheaper and more affordable basis. Owing to the instruments offered, they can attract more profitable sources of financing for their projects," said Vugar Zeynalov. 

The Centre also plans to espouse Azerbaijani businesses in training specialists for financial and stock markets. Another direction, which was mentioned at the conference, is financial technologies. The Centre already starts its financial app. Additionally, foreign developers can realise their startups within the Centre on the most favorable conditions.