Lo­cal com­pa­nies to get ac­cess to for­eign in­vestors through Kazakh plat­form

Azer News - - Nation - By Narmina Mam­madova

Azer­bai­jani com­pa­nies will get ac­cess to for­eign in­vestors at the site of the new in­ter­na­tional fi­nan­cial cen­ter As­tana, man­ag­ing di­rec­tor of the As­tana In­ter­na­tional Fi­nan­cial Cen­ter (AIFC) ad­min­is­tra­tion, Ai­dar Kazy­bayev, told Trend.

In the course of the “As­tana In­ter­na­tional Fi­nan­cial Cen­ter con­fer­ence in Baku: new op­por­tu­ni­ties for fi­nanc­ing and busi­ness growth”, with the sup­port of the Na­tional Con­fed­er­a­tion of En­trepreneurs (Em­ploy­ers) of Azer­bai­jan, Azer­bai­jani en­trepreneurs were pre­sented with new op­por­tu­ni­ties to ac­cess in­ter­na­tional in­vestors and at­tract fi­nanc­ing from them at the site of the re­cently opened AIFC in Kaza­khstan.

Man­ag­ing Di­rec­tor of the As­tana In­ter­na­tional Fi­nan­cial Cen­ter Ad­min­is­tra­tion (AIFC), Ay­dar Kazy­bayev re­called that the AIFC in­ter­na­tional pre­sen­ta­tion was held in July this year.

Cur­rently 100 com­pa­nies are reg­is­tered with the AIFC, among which there are such large ones as the China Devel­op­ment Bank, the Silk Road Foun­da­tion and LUKOIL.

On Novem­ber 16, at a meet­ing with Chi­nese busi­ness at the Shang­hai Stock Ex­change (it is a share­holder of the AIFC). Chi­nese com­pa­nies ex­pressed great in­ter­est in in­vest­ing in busi­nesses of com­pa­nies from the Eurasian re­gion, in­clud­ing Azer­bai­jani com­pa­nies.

For Azer­bai­jani com­pa­nies, the AIFC is a new plat­form for meet­ing with in­ter­na­tional in­vestors and at­tract­ing ex­ter­nal fi­nanc­ing, in par­tic­u­lar at the AIX ex­change.

"AIFC par­tic­i­pants are large com­pa­nies that have the op­por­tu­nity to in­vest in var­i­ous projects through our plat­form. Azer­bai­jani com­pa­nies and banks, be­com­ing res­i­dents of AIFC, can get ac­cess not only to cap­i­tal, but also to op­por­tu­nity to co­op­er­ate with par­tic­i­pants reg­is­tered here. Their busi­ness con­tracts will not be taxed and will be pro­tected by the ar­bi­tra­tion cen­ter of the court of the AIFC," said Kazy­bayev.

Nat­u­rally, he con­tin­ued, the AIFC is a young or­ga­ni­za­tion that is now gain­ing mo­men­tum.

The in­ter­ests of in­vestors in the AIFC are pro­tected by English law and an in­de­pen­dent court and ar­bi­tra­tion cen­ter, where Bri­tish judges with ex­ten­sive ex­pe­ri­ence in other in­ter­na­tional fi­nan­cial cen­ters work (Hong Kong, Dubai, Lon­don).

In or­der to en­sure fa­vor­able con­di­tions for for­eign em­ploy­ees un­der the ju­ris­dic­tion of the AIFC, the Ex­pat Cen­ter of the AIFC pro­vides as­sis­tance in ob­tain­ing a wide range of state and other ser­vices on the prin­ci­ple of "one win­dow".

Res­i­dents of AIFC can also take ad­van­tage of a zero tax rate on cor­po­rate and in­di­vid­ual in­come, as well as on prof­its from the sale of se­cu­ri­ties, div­i­dends and in­ter­ests on listed se­cu­ri­ties for 50 years (un­til the end of 2065).

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