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ASTANA, Kazakhstan, August 11.
Kazakhstan will reduce the investment visa threshold for foreign
investors, Minister of Labor and Social Protection of the
Population of Kazakhstan Tamara Duisenova said, Trend reports.
Measures to increase the country’s investment attractiveness are
being aggressively implemented as part of the second path, which is
related to business immigration. Obtaining permits for the
employment of foreign labor, for example, has been simplified for
A-5 investors.
76 expats have been granted such investment visas since the
beginning of this year. The streamlining of the procedure for
acquiring an individual identification number (IIN) and an
electronic digital signature (EDS) through overseas representative
offices on the basis of a “single application” for potential
investors was a major milestone.
Moreover, the minister plans to reduce the investment
visa threshold for entrepreneurs-investors. A new long-term
investor A-6 visa has been introduced, which also grants the right
to issue residence permits.
The process of issuing the Ata Zholy card to ethnic
Kazakhs with successful business experience abroad was also
approved. To date, the Otandastar Foundation has already formed a
preliminary list of 50 ethnic Kazakhs who will be issued the Ata
Zholy card.
The necessary preparatory work on this issue is
currently being carried out.
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