Currency in Kazakhstan

Managing your money effectively while living and working abroad can be challenging, but there are several steps you can take to ensure that your finances are in order.

By following these tips and managing your money effectively, you can reduce financial stress and enjoy your experience living or doing business in Kazakhstan.

There are many things to see and do in Kazakhstan, including visiting its capital, Almaty, hiking in the Tian Shan mountains, visiting the steppe and desert landscapes, and exploring the country's many archaeological sites. Other popular activities include horseback riding, fishing, and birdwatching.

Top Travel tips for Kazakhstan

When traveling to Kazakhstan, it is important to be aware of the locals' customs and beliefs. Here are a few tips to help you enjoy your trip:

1. Don't photograph people without their permission.

2. Be respectful of religious sites and buildings.

3. Be aware of your surroundings and keep an eye on your belongings.

4. Be cautious when engaging in business deals.

5. Learn some basic phrases in Kazakh before you travel.

What's the best way to pay in Kazakhstan?

In general, the best way to pay in Kazakhstan is in cash. However, there are some exceptions, such as when paying for large purchases or when using a credit card.

How is the cost of living in Kazakhstan?

The cost of living in Kazakhstan is very reasonable. food, transportation, and housing are all relatively inexpensive when compared to other countries.

How is the expat life in Kazakhstan?

The expat life in Kazakhstan is generally positive. There are a number of international schools and Kazakhstan is a relatively safe country. Cost of living can be high, but there are good job prospects for expats.

Any laws in Kazakhstan that foreigners should be aware of?

There are a few things that foreigners should be aware of when travelling to Kazakhstan. The first is that it is illegal to photograph military installations or personnel. The second is that it is important to respect the local culture and customs, particularly when it comes to dress and behaviour. Kazakhstan is a Muslim country, so it is important to dress modestly and avoid foul language. Finally, it is important to remember that Kazakhstan is a landlocked country, so visitors will need to get a visa in advance if they wish to travel there.

What is doing business like in Kazakhstan?

It is difficult to say in general terms what doing business is like in Kazakhstan as it can vary greatly depending on the specific sector and business. However, in general, Kazakhstan is a country with a lot of potential for businesses. The economy is growing at a steady pace, and there are opportunities for businesses to access to a large and growing market. The government is also supportive of businesses, and there are many incentives and programs available to help businesses succeed.

The Russian invasion of Ukraine caused a large influx of Russian seeking to avoid being drafted into the Russian army. The influence of these new Russian migrants on the economy and politics of Kazakhstan, as well as the general future of the country are yet to be seen.

Managing your finances in Kazakhstan

Here we list some key points for expats and businesses to consider when managing financial dealings in Kazakhstan:

1. Understand Kazakhstani tenge currency exchange rates: Exchange rates can have a big impact on your finances, so it is important to keep an eye on the KZT exchange rate and consider using a currency exchange service or a credit card that does not charge foreign transaction fees to get the best exchange rate.

2. Use a local Kazakhstani tenge bank account: A local KZT bank account can make it easier for you to manage your finances and pay bills while you are in Kazakhstan. It may also be more convenient to use a local KZT bank account to make purchases and withdraw cash.

3. Research local laws and regulations: It is important to understand the local laws and regulations that apply to financial transactions in Kazakhstan. This can help you avoid legal issues and ensure that you are complying with local requirements.

4. Consider the tax implications: It is important to understand the tax implications of living or doing business in Kazakhstan. This can help you plan your finances and ensure that you are paying the correct amount of tax.

5. Seek financial advice: If you are unsure of how to manage your finances in Kazakhstan, it is a good idea to seek the advice of a financial professional who is familiar with the local financial system. This can help you make informed decisions and avoid financial pitfalls.