Integrites has the honor to bring to your attention the following information, which we hope may be useful in your company activities.
On February 10, 2014, legislation regulating the procedure for proving by a foreigner and a stateless citizen, who is applying for permanent residence in the Republic of Kazakhstan, of his/her financial ability during the period of his/her stay in Kazakhstan was amended.
The previous version of the Decree of the Government of the Republic of Kazakhstan # 1185 “ON THE APPROVAL OF THE RULES FOR PROVING BY A FOREIGNER AND A STATELESS CITIZEN, WHO IS APPLYING FOR PERMANENT RESIDENCE IN THE REPUBLIC OF KAZAKHSTAN, OF HIS/HER FINANCIAL ABILITY DURING THE PERIOD OF HIS/HER STAY IN THE REPUBLIC OF KAZAKHSTAN” established merely the obligation of the police to examine the authenticity of the documents confirming the financial ability of the above persons. In doing so, there was no mechanism for such examination.
The above amendment was introduced to establish the necessary mechanism. Based upon the amendment, a foreigner and a stateless citizen, by virtue of completing the relevant established form, gives his/her written consent that the information about his/her financial status, as provided by him/her to the police, be examined in terms of its authenticity. The police will then send the established form to certain bank for obtaining confirmation regarding the authenticity of the information in question.
We hope that the above information will be useful for you.
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