Translated with AI
New rules for obtaining an investor visa have been approved in Kazakhstan, which provides for the possibility of obtaining a residence permit in the republic for up to 10 years, Tengrinews.kz reports with reference to the press service of the country's Ministry of Foreign Affairs.
"The Republic of Kazakhstan is taking another step towards international business. At the initiative of the Ministry of Foreign Affairs of the Republic of Kazakhstan, new rules for obtaining an investor visa have been approved, aimed at strengthening the country's investment attractiveness and supporting long-term business partnerships," the ministry said in a press release distributed on Wednesday, April 30.
Under the new conditions, foreign citizens who have invested at least US$300,000 in the authorized capital of Kazakh companies or in local securities will be able to submit an electronic application for an investor visa. This "golden visa" provides the possibility of subsequently obtaining a residence permit in the republic for up to 10 years.
Such visa programs, which have become widespread in international practice (including in European countries, the USA, the UAE and Singapore), have proven themselves to be an effective tool for attracting capital, technology and business activity. Kazakhstan joins this approach, offering its own model of investment residency, the department noted.
"The issuance of "golden visas" creates a favorable and predictable environment for foreign investors, providing legal guarantees and strengthening confidence in the investment climate of Kazakhstan. The innovation reflects the country's strategic focus on openness, capital protection and the development of sustainable international economic ties," the press service emphasized.
The document will come into force 10 days after its official publication.
