NEW currency control law in Kazakhstan

26.06.2019

On July 2, 2018 the President of the Republic of Kazakhstan signed a new law “On Currency Regulation and Currency Control” No. 167-VI ЗРК  (hereinafter – the “New Law”), which enters into force on July 1, 2019. From the mentioned date the current law “On Currency Regulation and Currency Control” № 57-III ЗРК dated June 13, 2005 will lose its force (hereinafter – the “Old Law”).

In this article we would like to illustrate the main changes in the Kazakh currency regulation, entering into force on July 1, 2019, which in our opinion will have a direct impact on the way of doing business in Kazakhstan by both residents and non-residents of Kazakhstan.