Investors will now have the opportunity to acquire citizenship in Kazakhstan through a new "golden passport" program.
Jumpstarting Kazakhstan's Economic Boom
Looking to attract foreign investments and technological advancements, Kazakhstan is rolling out a new gold rush of opportunities with the introduction of an investor visa program. This innovative move mirrors similar initiatives in countries like the UAE, Portugal, and the USA.
Effective May 10, 2025, the investor visa program accepts applications electronically, making the process more accessible for potential foreign investors [1][2]. To be eligible, applicants must invest a minimum of $300,000 USD in either Kazakh businesses or local securities [1][4].
This long-term residence permit, valid for up to 10 years, offers a convenient solution for foreigners seeking extended stays in the country [1][4]. The government aims to create a predictable business environment and foster trust in Kazakhstan's economy through this move.
Comparatively, the UAE requires a larger investment of around $545,000 USD, while Portugal demands anywhere from $250,000 to $500,000 USD, with a focus on real estate [1]. The USA's EB-5 visa program, on the other hand, requires an investment of $800,000 to $1.05 million USD, and includes a job creation stipulation [1][3]. Kazakhstan's lower investment threshold and longer residency period aim to entice investors seeking opportunities in emerging markets [1].
The program intends to attract substantial capital and technology, fostering knowledge-sharing and innovation within Kazakhstan [1][4]. By positioning itself as a hub for international investors, the government hopes to address historical concerns about Central Asian business climates and build investor confidence.
Should the program be successfully carried out, it could aid in the diversification of Kazakhstan's economy beyond hydrocarbons [2][5]. As neighboring Uzbekistan prepares to launch its own golden visa program in June 2025 [1], the competition is on to create an inviting landscape for foreign investors across the region.
However, the success of the program depends on maintaining regulatory transparency and market stability to ensure sustainable growth [2][5]. If Kazakhstan can achieve this, it could set the stage for a new era of economic prosperity.
The new investor visa program, starting May 10, 2025, has attracted the attention of Kazakhstani ministries, aiming to entice foreign investors with a lower investment threshold and longer residency period compared to countries like the UAE and Portugal [1]. A notable Kazakhstani ministry in finance is expected to welcome potential investors, offering visa benefits for investments of $300,000 USD in Kazakh businesses or local securities [1][4]. If executed successfully, this program could bring substantial capital, technology, and foster innovation, helping to diversify Kazakhstan's economy beyond hydrocarbons [2][5].
