Артур
Юрист по вопросам миграции
Business and Visas in Kazakhstan: Legal Advice and Practice

Investor Visa C9 and AIFC Residency in 2026: What Counts as Investment and Which Path Fits

Visas
Investor visa C9 and AIFC residency in Kazakhstan in 2026
A founder met us in Almaty in February 2026 expecting to qualify for the C9 investor visa based on a recently-purchased apartment in Astana. Real estate doesn't count. C9 requires a qualifying investment into a Kazakh legal entity — with specific thresholds, activity rules, and commitment periods. His apartment was a fine asset, but it was not a path to residency.
Kazakhstan offers two structured investor-residency paths in 2026: the national C9 investor visa and the AIFC investor residency. They serve different profiles. Here is what actually qualifies under each, and how to decide which route to take.
Короткий ответ:
  • C9 is Kazakhstan's national investor visa; AIFC residency is issued under the Astana International Financial Centre framework.
  • C9 qualifying investment in 2026: ≥ 150,000 MCI (~$300k) into charter capital of a Kazakh LLP in priority sectors, or equivalent in fixed assets.
  • AIFC residency: tied to being a director, employee, or investor of an AIFC-registered company; investment threshold lower but AIFC-registration costs apply.
  • C9 duration: up to 10 years on renewal; AIFC residency renews per role and ties to AIFC participation.
  • Real estate alone does NOT qualify for C9. Portfolio investments may qualify under specific schemes (government bonds, designated funds).
  • Tax consequences differ: C9 holder becomes KZ tax resident after 183 days in-country; AIFC offers some preferential regimes for AIFC participants.
  • Family: C9 includes spouse and children; AIFC residency can be extended similarly under employment-based categories.
The C9 visa is Kazakhstan's investor visa category — introduced to attract foreign capital into priority sectors of the Kazakh economy. It's administered nationally (not through AIFC) and is issued by the Migration Service against an investment project registered with Kazakh authorities.
Core requirements in 2026:
  • Qualifying investment into a Kazakh legal entity (typically an LLP) in a priority sector.
  • Minimum investment threshold (see below).
  • Commitment period — investment must remain in place for the duration of visa validity.
  • Valid business purpose and plan.
Yes, qualifies:
  • Charter capital contribution into a Kazakh LLP engaged in priority activities (manufacturing, agro-processing, IT/tech, logistics, tourism infrastructure, renewables, healthcare infrastructure, and other government-designated sectors).
  • Fixed assets contributed to a Kazakh LLP — equipment, plant, commercial property that the business operates.
  • Specific government-designated investment schemes (e.g. SEZ investor programmes, strategic project investments).
No, does not qualify:
  • Personal residential property purchase.
  • Bank deposits alone.
  • Loans to a Kazakh company.
  • Purchase of public equities on KASE.
  • Crypto asset holdings.
Threshold in 2026: 150,000 MCI (~$300k) into charter capital of a qualifying LLP is the common floor. Some programmes (SEZ, strategic-project) require higher investment but offer additional benefits (tax holidays, land allocation, streamlined customs).
Step 1 — Set up the investment vehicle. Register a Kazakh LLP (see LLP registration guide). Define activity codes in priority sectors.
Step 2 — Make the investment. Contribute charter capital or fixed assets in a documented, traceable way. Bank statements, wire confirmations, asset delivery receipts.
Step 3 — Register the investment project. Through Kazakh Invest or the relevant ministerial body. Documentation: business plan, investment budget, commitment letter.
Step 4 — Apply for C9. Visa application at a Kazakh embassy or at the Migration Service in Kazakhstan (for nationalities allowed to apply domestically). Supporting documents: investment registration certificate, LLP registration, capital contribution evidence, business plan.
Step 5 — Issuance and registration. C9 issued, typically multi-entry, up to 3 years initially, renewable up to 10 years cumulatively. Register at Migration Service after arrival.
Timeline: 8-16 weeks end-to-end, depending on how fast the investment project registration is processed.
AIFC residency is a separate visa pathway under the Astana International Financial Centre legal framework. It's issued by the AIFC Migration Service rather than the national Migration Service.
Available to:
  • Investors in AIFC companies.
  • Directors and employees of AIFC-registered companies (AIFC participants).
  • Dependants of the above.
  • Certain other AIFC economic participants.
Structure:
  • AIFC participant status drives eligibility. Register the company as an AIFC participant → onboard individuals tied to that company.
  • Residency duration: typically 3-5 years, renewable.
  • No ИРС/work-permit quota requirement.
  • Streamlined issuance — often 2-4 weeks.
Investment profile:
  • AIFC participant registration has its own cost (registration + annual participation fees vary by company type).
  • Minimum investment thresholds for investor-class AIFC residency are lower than C9's $300k, but tied to AIFC company structure.
  • Compared to C9, AIFC residency is more about being "plugged into" AIFC rather than meeting a cash-investment floor.
DimensionC9 investor visaAIFC residency
Issued byKazakhstan Migration ServiceAIFC Migration Service
Legal frameworkKazakh national lawAIFC law
Minimum investment~$300k charter capital / fixed assetsLower, tied to AIFC participant economics
Required vehicleKazakh LLP in priority sectorsAIFC-registered company
DurationUp to 10 years (renewable)3-5 years, renewable
Work authorisationImplicit (investor)Yes (no ИРС needed)
Tax regimeStandard KZ taxAIFC preferential (for AIFC activities)
Stay requirementLightLight
FamilySpouse + childrenSpouse + children
Path to PRAfter ~5 years physical residenceSeparate assessment
Company accountingKZ standardAIFC standard (English, IFRS)
Typical timeline8-16 weeks4-8 weeks
Reputational signalNational investor programmeInternational financial centre participant
  • Your business is a real trading/manufacturing/operating LLP in a priority sector.
  • You'll run daily operations in Kazakhstan (warehouse, factory, processing site).
  • You want the most favourable path to permanent residency eventually.
  • You want access to government investor programmes (SEZ, strategic project benefits).
  • Your business doesn't benefit from AIFC's English-law regime.
  • Your business is financial services, fintech, investment management, holding, regional HQ.
  • You need English-language compliance and common-law contract framework.
  • You're hiring multiple foreign specialists and want to skip ИРС.
  • You value speed of issuance.
  • You're a single founder or small team without $300k of active charter capital but with a viable AIFC business.
  • You want a regional HQ for Central Asia.
Foreign investor building a small food-processing plant near Almaty. Leases land, buys equipment, hires 25 workers. Registers LLP, contributes $1.2M mix of charter capital and fixed assets.
Fit: C9 investor visa. Priority sector (manufacturing), threshold well exceeded, SEZ benefits possible if in designated zone, clean investor registration path.
Two founders building a B2B fintech for Central Asia. Team will be 4 people year 1. Clients in KZ + Uzbekistan. Want English-law contracts with SaaS clients.
Fit: AIFC-registered company + AIFC residency. Financial activity fits AIFC scope. Lower capital requirement. Faster hiring cycle. English contracts.
Senior consultant from Germany wants a KZ base to serve Central Asia clients. Operates solo, occasionally brings in a subcontractor. Wants KZ residency to live part of the year in Almaty.
Fit: Depends on income profile. If KZ-generated revenue is the main piece, a Kazakhstan LLP with appropriate investment might support C9 but the $300k capital commitment is high for a solo consultant. AIFC residency tied to a consulting AIFC company can be cleaner — lower capital, faster onboarding, English-law framework that suits international consulting.
Buys a $500k apartment in Astana. Plans to rent it out.
Fit: Neither C9 nor AIFC residency directly qualifies. Buying residential property doesn't entitle the holder to an investor visa. If the investor structures the property through a Kazakh LLP engaged in hospitality (serviced apartment business with real operations), C9 could become feasible — but the business must be active, not a pass-through.
C9 or AIFC residency + 183+ days in-country = KZ personal tax residency:
  • Worldwide income potentially taxable in KZ.
  • KZ PIT rate: 10% on most employment income; 10% on dividends from KZ sources (with exemptions); 15% on capital gains on some asset classes.
  • Double-tax agreements between KZ and 55+ countries mitigate double taxation.
  • Kazakhstan does not tax wealth, has no inheritance tax (as of 2026).
Staying under 183 days avoids KZ tax residency but may affect the residency visa's strength (long absences can trigger renewal scrutiny).
ItemC9 routeAIFC residency route
Kazakh LLP setup$500-1,800
AIFC company registration$500-2,500
AIFC annual participation$500-1,500
Qualifying investment$300k+Variable (activity-based)
Investment project registration$500-2,000
Legal support (setup + visa)$3,000-8,000$2,500-6,000
Visa + registration state fees$200-500$200-500
Total non-investment cost~$4,200-12,300~$3,700-10,500
1. Treating C9 as a golden-visa-by-real-estate. It's not. Investment must be into a Kazakh LLP doing qualifying activities.
2. Assuming AIFC residency has no cost. It doesn't have a cash investment floor the way C9 does, but AIFC participant registration and annual fees are real.
3. Skipping the investment project registration step for C9. Without registered investment project documentation, the visa application basis is weak.
4. Tax residency not planned. Becoming KZ-resident for tax purposes may or may not be desirable. Plan it deliberately.
5. Exit plan ignored. If charter capital is reduced later, the visa basis can be affected. Build a reasonable long-term structure.
  • Assess C9 vs AIFC residency fit based on business model and personal circumstances.
  • Structure the investment vehicle (LLP or AIFC company).
  • Handle investment project registration.
  • File the visa application and supporting documentation.
  • Coordinate tax residency planning across KZ and home country.
  • Renewal cycle management.

Does buying an apartment in Kazakhstan qualify me for the C9 investor visa?

No. Residential real estate alone is not a qualifying investment for C9. The C9 statute specifies investments into charter capital of a Kazakh legal entity in priority sectors, or investments into fixed business assets of a Kazakh LLP, or specific government-designated schemes (some priority sector funds). Real estate can be part of a broader investment into a Kazakh business vehicle (e.g. a commercial property through an LLP carrying out a hospitality business), but not as a standalone purchase.

What's the minimum investment for C9 in 2026?

The core threshold in 2026 is 150,000 MCI (~60M KZT / ~$300k) invested into charter capital of a Kazakh LLP engaged in priority activities, held for the visa duration. Some sectoral programmes have higher or lower thresholds. In practice, investments of $300-500k into operating LLPs with documented business activity pass; smaller symbolic shareholdings don't.

How does AIFC residency work?

AIFC residency is issued through the AIFC Migration Service to individuals tied to AIFC-registered companies — investors, directors, employees, their dependants. It uses the AIFC framework rather than national visa categories. Visa/residency duration typically 3-5 years, renewable. Entry criteria: being a founder, director, employee, or specified economic participant of an AIFC company. It avoids the ИРС work-permit system entirely.

Which one is the 'golden visa' people refer to?

Kazakhstan doesn't have a classic 'golden visa' in the Portuguese/Greek sense (passive residency by real-estate purchase). C9 is the closest analogue but requires active business investment. AIFC residency is structured around business engagement. Kazakhstan also has a 'Neo-Nomad' digital visa (separate category, not an investor route). Any agent marketing a 'golden visa Kazakhstan' should be scrutinised.

Do I have to live in Kazakhstan during the visa period?

C9: physical-presence requirements are light; no minimum days in Kazakhstan. However, becoming a KZ tax resident requires 183+ days in a calendar year (which some investors want, others don't). AIFC residency: also light on stay days. Both are compatible with a mobile lifestyle, provided the underlying investment/company remains active and compliant.

What happens to the visa if the investment is withdrawn?

C9: if you exit the LLP or reduce charter capital below the threshold, C9 is typically revoked at renewal or under anti-abuse review. There's no immediate auto-revocation, but at the next renewal cycle (or audit) the basis must still be present. Some investors exit gradually over 3-5 years; we recommend planning both entry and exit in the structuring phase.

Can C9 lead to permanent residency or citizenship?

Yes, but on standard timelines. After about 5 years of lawful residence in Kazakhstan (with actual physical presence), a C9 holder can apply for permanent residency (ВНЖ). Citizenship typically requires at least 5 more years of permanent residency plus language and civic knowledge tests. Kazakhstan generally does not recognise dual citizenship for naturalised citizens.

Exploring Kazakhstan residency through investment? Submit a case review and Integro KZ lawyers will walk you through C9 and AIFC residency side by side. Request a case review →