All companies planning to operate in the Republic of Kazakhstan must open a Kazakhstan bank account in Kazakhstan currency, i.e. in Tenge.
Ausserer & Consultants provides full support to international companies in Kazakhstan with the opening and management of their Kazakhstan corporate bank accounts.
Before an international company can open a bank account in Kazakhstan, it must register with the Kazakhstan tax authority and receive a tax registration certificate.
The registration process at the tax office takes about 3 weeks from the submission of the application and the required documents. After the process is finalized, the account at a Kazakhstan bank can be opened.
The time needed to open a bank account varies from bank to bank, but usually ranges from two weeks to a maximum of four weeks.