If the contract value on the date of its conclusion exceeds USD 50,000  (its equivalent in the contract currency), obtaining a Registration Number (RN) is mandatory. Moreover, if a foreign exchange contract on export or import does not specify the contract value on the date of its conclusion, such Contract is also considered a contract subject to record registration.

Foreign currency transactions under a foreign exchange contract that is subject to record registration are conducted only if there is a Registration Number assigned.

Legal entities, both residents and non-residents, are required to submit documents if the transaction amount exceeds USD 10,000 (its equivalent in the payment currency).

Individuals and non-resident legal entities may conduct foreign currency transactions without submitting documents if the transaction amount does not exceed USD 10,000 (its equivalent in the payment currency).

Resident legal entities may conduct transactions in the amount not exceeding USD 10,000 (its equivalent in the payment currency) without submitting documents if there is a confirmation record stating that this payment and/or money transfer is not related to the execution of a foreign exchange contract requiring the RN assignment.

Currency control documents should be sent to the following email address: vk_doc@bcc.kz.

To receive a copy of the Contract with the assigned registration number in the BCC Business system (web/mobile), go to: Currency Control — Application for Foreign Exchange Contract (with RN/without RN) — Select the required Contract — Navigate to the 'Attached Files' tab — Download the document.

When switching to service from another bank, no new registration number is assigned to the foreign exchange contract on export or import.

An exporter or importer shall submit to the previous bank of record registration:

1) A free-form application for deregistration of the export or import contract from currency control due to transfer to another bank;

2) A written free-form consent to transfer of information on fulfillment of obligations under the foreign exchange contract to another authorized bank.

Банк ЦентрКредит в течение 3 рабочих дней с даты получения заявления и договора, направляет в предыдущий банк запрос на получение информации об исполнении обязательств по валютному договору, до получения которой не проводит платежи/переводы по валютному договору.

Предыдущий банк в течение 3 рабочих дней с даты получения запроса, снимает валютный договор с учетной регистрации (без заявления на снятие и согласия клиента) и направляет в Банк ЦентрКредит информацию об исполнении обязательств.

Repatriation period is a period of time for the counterparty's fulfillment of obligations to the exporter or importer under a foreign exchange contract.

The repatriation period is calculated independently by the exporter or importer based on the terms of performance of obligations by the parties under the foreign exchange contract. It represents the period of time between:

- the export date and the date of receipt of currency as payment for export;

- the date of payment/money transfer for import and the date of return of unused advance payment for import in case of the non-resident's failure to perform or incomplete performance of obligations;

- the date of payment/money transfer for import and the date of importation (delivery of goods, provision of services, or performance of works) if the foreign exchange contract on import does not indicate terms for return of unused advance payment.