The Prime Minister of Kazakhstan

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Foreign property legalized for KZT 560 bln in Kazakhstan since the beginning of legalization - Tengebayev

06 May 2016, 19:09

Since the beginning of the legalization 51 real estate has been legalized for about 560 billion tenge, Vice Finance Minister Ardak Tengebayev informed today at a briefing in the CCS.

According to the Finance Ministry, to date the amount of applications for legalization of property and money exceeded 1.4 trillion tenge, 1.2 trillion tenge of which was legalized, including property situated on the territory of the Republic of Kazakhstan in the amount of 645 billion tenge.
Property situated outside the Republic of Kazakhstan was legalized in the amount of 1.8 billion tenge. Money was legalized in the amount of 558 billion tenge. According to authorities, more than 81 thousand houses were legalized, about 6 thousand of which are in commercial areas.

To date, 51 property located outside the country was legalized, Tengebayev informed.

86 thousand people applied for the authorized bodies over the entire period of the legalization.

According to him, the legalization provided an opportunity to legalize socially important facilities such as kindergartens, catering facilities.

In addition, there are facts of legalization of railway siding, hostels and production departments.

"It increases the number of jobs and income taxes and other payments. If we talk about the property located outside of the Republic of Kazakhstan, there are objects of the housing stock. For example, in countries such as the United Arab Emirates, Spain, Hungary, Thailand, Russian Federation and Uzbekistan, " Deputy Minister said.