Kazakhstan will introduce visas to attract foreign talent and investors as part of its new migration policy for the next 5 years, QazMonitor reports with reference to the Ministry of Labor and Social Protection.
The migration policy aims to attract 100 foreign specialists in scarce and highly demanded professions by providing special conditions including a residence permit. The task of these specialists will be the transfer of knowledge and training of Kazakh personnel.
In terms of business immigration, the proposal outlines the conditions for foreign businessmen to obtain investment and business visas.
Those who invest $300,000 or more in the Kazakh economy at a time will be eligible for an investment visa, which also includes a 10-year residence permit. The visa holder will be able to register a business, own property, and conduct financial transactions.
The policy also outlines the following tasks for the development of educational immigration:
- expansion of the country's educational infrastructure through the involvement of leading foreign educational institutions in the program of academic mobility and further development of the practice of double-diploma education;
- attracting 100 professionals and scientists in high-demand professions by providing long-term (up to 10 years) "scientific and pedagogical visas" with the right to obtain a residence permit, and subsequently, citizenship of Kazakhstan.
Implementing these points is estimated to increase the prestige of Kazakhstan's higher institutions and science and the intellectual potential of Kazakhstan's citizens, as well as create conditions for the innovative development of Kazakhstan's human capital.