OBS_VALUE: The law on currency control treats branches of foreign companies as residents requiring them to conduct all transactions with other residents in the local currency. It remains possible to perform transactions between a resident and a non-resident in foreign currency, hence non-residents can receive dividends and other profits from the operations with residents in foreign currency. Also, currency agreements on the movement of capital are subject to accounting registration in the following cases: 1) transmission of property (money) to the Republic of Kazakhstan and (or) arising obligations of the RK resident to return property (money) to a non-resident in the amount exceeding USD 500,000; 2) transfer of property (money) from the Republic of Kazakhstan and (or) arising claims of the RK resident for the return of property (money) by a non-resident for an amount exceeding USD 500,000. Registration of the currency agreement entails assignment to it of the registration number and subsequent submission of information and reports on its performance to the RK National Bank. Starting January 1, 2024, the currency control regulation was amended to detail currency control on the repatriation of national and (or) foreign currency for export or import. The foreign exchange contracts for export or import are subjected to accounting registration if their amount exceeds USD 50,000. Also, the 2024 law amendment gives more discretion to state authorities to implement temporary restrictions on transfer of capital in case of econimic emergency. Additional source: Ruling on approval of the rules for performing currency operations in the Republic of Kazakhstan, № 40, adopted on 30 March 2019, last updated on 20 July 2020, http://adilet.zan.kz/rus/docs/V1900018512