COREDO > Opening a Bank Account in Kazakhstan

Opening a Bank Account in Kazakhstan

Banking System of Kazakhstan

Kazakhstan is one of the leading financial jurisdictions in Central Asia, offering a developed banking system and favourable conditions for international clients. The country’s banks provide modern solutions for corporate and personal banking, international transfers, and non-resident banking services.

Since 2016, COREDO has been assisting clients with opening bank accounts in Kazakhstan, providing full support at every stage of the process.

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Cost of the service
from 700 EUR

Types of Bank Accounts

When opening an account in Kazakhstan, COREDO clients can choose from the following options:

Corporate bank account

for legal entities conducting commercial activities. Enables settlements with counterparties, salary payments, and tax payments.

Payment institution account

for companies that require access to payment infrastructure without full banking services.

Personal bank account

for individuals, including non-residents, with remote management capabilities.

Kazakhstan offers a well-developed online banking and mobile application system, making account management convenient for clients from anywhere in the world.

Requirements for Clients

To open a bank account in Kazakhstan, it is necessary to meet a number of requirements established by ARDFM and commercial banks:

For legal entities — incorporation documents (articles of association, certificate of registration), identification documents of all related persons (directors, shareholders, beneficial owners), proof of residential address for all involved persons, as well as documents confirming the source of funds.

For individuals — a valid passport or identification document, proof of residential address, and information about income sources.

Non-residents of Kazakhstan who do not have tax resident status must obtain a BIN (Business Identification Number) for legal entities or an IIN (Individual Identification Number) for individuals. Registration of non-residents as taxpayers is carried out by the tax authority within 3 business days from the date of document submission.

Account Opening Process and Timelines

Opening a bank account in Kazakhstan with the assistance of COREDO includes the following stages:

Client Analysis (preliminary screening).

COREDO specialists study the client’s profile, determine the most suitable bank and account type, assess potential risks, and prepare recommendations.

01

Document preparation.

Compiling the full document package in accordance with the requirements of the specific bank. All foreign documents must be apostilled, as Kazakhstan ratified the Hague Convention in 1999. For documents from countries that are not parties to the Convention, consular legalisation is required.

02

Document submission to the bank.

COREDO represents the client’s interests at the bank in Kazakhstan and supports the application review process.

03

Receiving account details.

Upon approval of the application, the client receives a complete set of bank account details for conducting operations.

04

Account opening timelines depend on the client type and the chosen bank. On average, the process takes from 2 to 6 weeks from the submission of the complete document package. The possibility of remote account opening significantly simplifies the procedure for foreign clients.

Cost of COREDO Services

Legal Entities

Stage	Cost
Stage 1 — Client Analysis (preliminary screening)	EUR 300 + VAT
Stage 2 — Bank corporate account	EUR 2,000 + VAT
Stage 2 — Payment institution account	EUR 1,500 + VAT
Opening deposit	EUR 1,000
Total	from EUR 1,800 to EUR 2,300 + VAT

Individuals

Stage	Cost
Stage 1 — Client Analysis (preliminary screening)	EUR 200 + VAT
Stage 2 — Bank account	EUR 1,000 + VAT
Stage 2 — Payment institution account	EUR 500 + VAT
Opening deposit	EUR 400
Total	from EUR 700 to EUR 1,200 + VAT

The cost includes full support at all stages — from preliminary analysis to receiving account details.

Required Documents

For Legal Entities

Incorporation documents (articles of association, memorandum of association)
Certificate of company registration
Extract from the commercial register
Identification documents of directors, shareholders, and beneficial owners
Proof of residential address for all related persons
Resolution on the appointment of directors and authorised persons
Documents confirming the source of funds
Description of planned activities and business model

For Individuals

Valid passport or identification document
Proof of residential address (utility bills, bank statement)
Information about income sources

All documents issued outside Kazakhstan must be apostilled or legalised, and translated into Kazakh or Russian with notarised certification of the translation.

Advantages of Working with COREDO

By choosing COREDO for opening a bank account in Kazakhstan, you benefit from:

Professional analysis

individual selection of a bank and account type tailored to the specifics of your business

Full support

document preparation, communication with the bank, and oversight at every stage

International experience

COREDO has been operating since 2016 and provides bank account opening services across 19 jurisdictions

Transparent pricing

fixed rates with no hidden fees

Remote opening capability

Kazakhstani banks allow remote account opening for non-residents with a valid BIN

Kazakhstan has signed double taxation avoidance agreements with 55 countries, making the jurisdiction attractive for international business.

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Our Experts

Pavel Kos

Head of Legal. Pavel has been with COREDO since 2017, holding the position of Head of Legal since 2020. He specialises in bank account opening, corporate law, and international project support.

Daniil Saprykin

Head of Customer Success. Daniil coordinates the client interaction process at all stages — from the initial consultation to the successful opening of an account.

Frequently Asked Questions

Can a bank account be opened in Kazakhstan remotely?

Yes, Kazakhstani banks offer the possibility of remote account opening for non-residents. To do so, it is necessary to first obtain a BIN (for legal entities) or an IIN (for individuals). COREDO provides full support throughout this process.

Which regulator oversees banking activities in Kazakhstan?

Supervision of the financial sector is carried out by the Agency of the Republic of Kazakhstan for Regulation and Development of the Financial Market (ARDFM). The central bank is the National Bank of the Republic of Kazakhstan.

How long does it take to open an account at a Kazakhstani bank?

The average bank account opening time is from 2 to 6 weeks from the submission of the complete document package. Timelines depend on the client type, the chosen bank, and the completeness of the documentation provided.

Is an apostille required on documents for account opening?

Yes, Kazakhstan ratified the Hague Convention in 1999, so all foreign documents must be apostilled. For documents from countries that have not acceded to the Convention, consular legalisation is required.

In which currency can an account be opened in Kazakhstan?

Kazakhstani banks offer accounts in Kazakhstani tenge (KZT), as well as in major foreign currencies — US dollars (USD), euros (EUR), and others. The choice of currency depends on the client’s needs and the conditions of the specific bank.

Submit Application

Contact COREDO specialists for a personalised consultation on opening a bank account in Kazakhstan. We will help you find the optimal solution for your business.