Astana Financial Services Authority moves post-registration ownership and capital changes and currency reporting online via the Digital Resident Portal

The Astana Financial Services Authority (AFSA) has expanded digital post-registration services for Astana International Financial Centre (AIFC) entities by making share ownership and capital change processes available online through users’ personal accounts on the Digital Resident platform, and by moving currency reporting into the Digital Resident Portal. Online post-registration workflows now cover transfer of shares (including adding or removing a shareholder), transfer of contribution (including adding or removing members, founders, founding members, and general partners), and event-driven applications to alter or reduce share capital or contribution, as well as updates to head company or partnership details. AFSA stated that online submissions will be processed in one to five business days depending on information quality, compared with seven to ten business days previously for offline submissions. Currency reporting under the AIFC Currency Regulation Rules is now submitted via the Portal’s Reporting section using an organisation’s portal account and an Electronic Digital Signature registered to an employee of the reporting organisation. AFSA also updated its Guidance on the Registration Process in the AIFC and Guidance on Post-Registration Applications, adding step-by-step descriptions for online and paper-based submissions, references to applicable AIFC regulations, required documents and links, and information on available Extracts of Information.