Opening bank account in Kazakhstan for a foreign company
We are happy to announce our cooperation with Jusan Bank (Astana), one of Kazakhstan's most sustainable financial institutions today, with 120 branches in 42 cities and 2.5 million clients.
Licensed by the Agency of the Republic of Kazakhstan on Regulation and Development of Financial Market, Jusan Bank offers reliable service for the comfort of financial management as for local companies as for companies registered outside Kazakhstan. The latter can take advantage of the service offer that we describe nearby.
Annual Account Maintenance: ≈2500 USD (1 200 000 KZT), which includes a commission of 0 KZT for the following operations performed in e-banking system:
- incoming transfers/payments;
- foreign currency transfers;
- cash operations in foreign currency (cash acceptance and disbursement, recalculation);
- currency exchange (cash purchase/sale, foreign currency conversion in the mobile application);
- personal manager.
- currency control;
Cards
Plastic and digital cards for business
Spending limits to control spendings
Cashback
Required documents:
Here is a basic list of documents, which you should prepare to open your bank account in Kazakhstan if you are a foreign legal entity:
- Certificate of Incorporation;
- Articles of Association | Memorandum | Bylaws;
- Register Extract | Certificate of Incumbency;
- Tax Board | Tax certificate;
- Resolution | Minutes | Order on appointment of the Director;
- Company licenses/certifications (if applicable);
- Business profile for the bank describing your planned; transactions, their volume etc. (we provide you a questionnaire)
- Copies of contracts/invoices related to business activity;
- Passport;
- Address proof (or utility bill, or internal ID card).
Identification method:
A visit of a company director or a representative by proxy is required.
- in case of corporate shareholder(s)the set of documents above is required for each legal entity in the structure;
Important note
- registration documents and passports must have an apostille and a notarized translation into Kazakh, or only notarization depending on the jurisdiction of the company (a detailed list of documents will be provided by the manager during the application process);
- the certification date must be no more than 6 months;
- to consider the application, the bank must obtain a local company tax number (BIN) and a director/account manager tax number (IIN).
Procedure
1
2
3
Next, we need to provide a notarized translation into KZ of the set of company registration documents. Original documents must be sent to the office in Astana. If necessary, we can provide an additional support in the preparation of notarized translations.
STEP 2. Full documents set
The processing time is 5-10 working days, depending on the size of the files.
STEP 3. Obtaining tax registration numbers (BIN, IIN)
Receipt time is 3-5 working days.
Submitting a set of company documents to the bank and obtaining approval, scheduling an appointment to open an account.
STEP 4. Full documents set
The period for consideration and account opening is 1 week.
4
Documents and information review; initial KYC, KYB and sanctions check; set up your profile and submitting full documents set to the bank for pre-approval of your company's business bank account. At this stage, a scan of the documents is sufficient.
STEP 1. Review and pre-approval
5
The period for receiving the first comment is 2-3 business days.
We schedule a meeting with the bank in order to open your company's bank account.
STEP 5. Visit to Astana
Normally it takes from 1-2 hours to set up everything and you have your account opened the same day.
Low/middle risk business profil AND Straight ownership/management structure of the company
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High risk business profile OR Complicated ownership/management structure of the company
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High risk business profile AND Complicated ownership/management structure of the company
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Our fees
Straight ownership/management structure of the company
EUR 1600
Lite
Complicated ownership/management structure of the company
EUR 2300
Pro
The fees include:
Translation and notary expenses are not included in the price. You will know your price in advance as soon as we get the full set that requires the bank.
- documents review and analysis, compliance and sanctions check, KYC and KYB compliance reports, profile set up;
- administrative and consulting assistance with your documents file;
- obtaining a tax numbers for the company and its officer;
- meeting schedule and appointment.
Important note
Straight ownership/management structure of the company
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Complicated ownership/management structure of the company
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Personal bank account for the company official during his visit to Istanbul
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Bank account legal consultancy and assistance feel
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