Proof of funds for permanent residence in Kazakhstan
In accordance with Article 4 of the Law "On the Legal Status of Foreigners," an obligatory condition for the granting of a permanent residence permit in the Republic of Kazakhstan is the confirmation of the solvency of the person claiming to receive such permission.
Foreigners and stateless persons confirm their solvency when applying for permission to reside in the Republic of Kazakhstan.
To confirm their solvency during their stay in the Republic of Kazakhstan, they submit to the internal affairs bodies the document of the resident bank of the Republic of Kazakhstan (certificate) signed by the chairman of the bank's board or authorized person of the bank on the availability of money in the bank account(s) in the amount of:
- equal to or greater than the equivalent of 1320 times the minimum estimated indicator of the application for permanent residence established on the date of application;
- sufficient for the purchase of a house, at a rate of 15 square meters per member of the family in the locality where the applicant intends to reside.
The amount is determined in accordance with the average market value of housing in this locality on the basis of a document issued by the relevant authorized body that registers the rights to real estate.
If there is a contract with an individual or a legal entity to provide the applicant with housing, the bank's document on the availability of money for the purchase of a home is not required.
The submitted documents confirming the solvency are checked by the internal affairs bodies for authenticity by sending a request to the banking institution that issued the document confirming the solvency with the written consent of the foreigner and stateless person according to the form.
If several family members apply for a permanent residence permit, then each person who has reached the age of 16 must confirm the existence of an amount of 1320 MCI. In the absence of a home, confirmation of the availability of an amount sufficient for its acquisition is presented at the rate of 15 square meters for each family member of any age.
The following persons must not confirm their solvency:
- ethnical kazakh people;
- persons born or formerly citizens of the Republic of Kazakhstan or the Kazakh Soviet Socialist Republic, and members of their families;
- citizens of countries with which Kazakhstan has agreements on the simplified procedure for acquiring citizenship (Belarus, Kyrgyzstan, Russia, Ukraine), due to the fact that they have the right to apply for citizenship of the Republic of Kazakhstan immediately upon arrival in the country.
Last update: 05.10.2021