Corporate bank account in Kazakhstan, currency control included
An account for an LLP with a non-resident director or foreign owners, and then the part most people miss: contract registration numbers, repatriation deadlines and answers to the bank's compliance questions. The bank makes the decision; we make sure the file is complete.
In short
- Some Kazakh banks open an LLP account remotely even when the director or owner is a non-resident, provided the company has no blocks or debts at other banks.
- A bank must refuse if it can't identify the client, the beneficial owner (anyone with more than 25%) or the purpose of the account.
- Export and import contracts above $50,000 need a registration number from the bank before either side starts performing.
- Since 1 March 2026 the National Bank, the tax service and banks exchange contract, customs and invoice data every day.
What currency control costs when it goes wrong
contract value above which an export or import contract needs a registration number before performance startsNational Bank currency rules
fine on unrepatriated export proceeds, imposed by courtAdministrative Code Art. 251
in currency control fines in the first half of 2026BES.media, 28 Sep 2026
since 1 March 2026 the National Bank, tax service and banks exchange contract, customs and invoice datasince 1 Mar 2026
What we do
- Bank selectionWe match the bank to your structure: non-resident director, foreign owner, currencies, contracts.
- Document pack for the bank's checksFounding documents, beneficial owners, source of funds, contracts. A foreign company's documents go apostilled or legalised, with a notarised translation.
- Contract registration numberWe prepare export and import contracts above $50,000 for registration with the bank before the first payment.
- Loans from abroadCapital movement contracts, including loans from non-residents above $500,000, are registered with the National Bank before the money moves.
- Repatriation controlWe set the deadline for bringing export proceeds home and track it.
- Bank and AFM requestsWhen a bank or the Financial Monitoring Agency (AFM) holds a payment, we prepare the explanations and documents.
How it works
- BriefStructure, owners, currencies, first contracts.
- Bank and documentsWe choose the bank and assemble the pack for its checks.
- OpeningRemotely or at a branch, depending on the bank.
- Contracts on recordRegistration numbers before payments start. Since April 2026 the number must appear in every payment order.
- Ongoing controlRepatriation deadlines, bank questions, a monthly summary.
How much it costs
What changes the price
- company structure and the owners' countries
- number of currencies and foreign contracts
- past blocks or debts at other banks
- urgency
Common questions
Can foreigners open a bank account in Kazakhstan?
Yes. A foreign-owned LLP can open a corporate account, and some banks do it remotely even with a non-resident director. For a personal account a foreign individual needs an IIN (individual tax number), and some banks require a visit to a branch.
Can I open a corporate account online, without visiting a branch?
With some banks, yes, if the company has no blocks or debts at other banks. Others serve non-residents only at a branch, and a foreign company's documents must be apostilled or legalised with a notarised translation.
Can you guarantee the account will be opened?
No. The bank decides under anti-money-laundering law, and it must refuse if it can't identify the owner or the purpose of the account. We prepare a complete file so the bank has fewer reasons to say no.
When does a contract need a registration number?
When an export or import contract exceeds $50,000 or has no amount stated. The number must be obtained before either side starts performing; the bank usually assigns it in about 2 business days.
What happens if export proceeds don't come back?
A court can fine the company 20% of the amount that didn't return. Since March 2026 the tax service sees contract and customs data every day, so late repatriation shows up quickly.
Can a Russian-owned company open an account?
Yes, several Kazakh banks serve Russian citizens and Russian-owned companies, but the checks are stricter. Expect questions about counterparties, goods and the source of funds. We don't arrange payments that work around sanctions.
What if the bank blocks the account or holds a payment?
We find out the reason and prepare the explanations and documents the bank or the Financial Monitoring Agency asked for. By law the agency can suspend a transaction for up to 3 business days.
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