Amicorp Fund Services, the international specialist fund services group, has had its fund administration license approved by the Astana International Financial Centre ("AIFC"), Kazakhstan's leading financial hub, making it the first provider to do be awarded a license in this important jurisdiction.
The license adds to Amicorp Fund Services' seven other fund administration licenses and reaffirms its commitment to offering a diverse range of solutions, including unlocking new opportunities for asset managers, institutional investors, and family offices in up-and-coming emerging markets. Kazakhstan is strategically positioned at the center of the New Silk Road investment corridor that links Asia and Europe and one that has seen a significant rise in foreign direct investments. More than 80% of goods currently exported from China and Central Asia to Europe go through Kazakhstan.
The strong investment flows going through the country make the AIFC an increasingly important hub for financial markets across Central Asia. It also offers attractive investment incentives and has a strong regulatory framework that aligns with international standards, making it a highly effective and secure platform to create and build fund structures for a wide range of investment needs. Those are expected to include real estate and private equity investment funds that focus on the infrastructure opportunities being established across Kazakhstan and the wider Central Asia region; funds that invest in venture capital that are benefitting from an uplift in technological innovation and are being supported by various government initiatives in the local market at the moment; funds that invest in alternative asset classes such as equities, fixed income instruments, commodities or other liquid assets, and funds that provide efficient and flexible vehicles to support specific wealth management plans.
"Our new license means we can now offer on-the-ground support for fund sponsors and promoters, family offices, as well as asset managers, to help them get set up quickly and to meet their ongoing regulatory requirements," said Kin Lai, Chief Executive Officer for Amicorp Fund Services.
"As the first player in our field to be granted a fund administration license in Astana, we see this as a huge opportunity to work alongside the AIFC and for us to provide the back and mid-office support for local and international fund managers looking to take advantage of the opportunities presented by this exciting emerging financial center."
What services can the Amicorp team offer?
As a licensed fund administrator, Amicorp Fund Services can help clients tailor and structure a fund so it is compliant with regulations throughout its lifecycle, including Know Your Client ("KYC") and Anti-Money Laundering ("AML") services, as well as providing Directors and other Board Support services. The team can also take care of all accounting requirements, including accounting and portfolio records, ESG reporting services, Net Asset Value ("NAV") calculations, fee calculations, and preparation and filing of financial statements, and provide regular reports and insights on business operations so management teams can make informed decisions on their fund.
If you would like to find out more about Amicorp’s fund administration services in Kazakhstan or across any of our 15 locations, please contact the team here
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