Foreigners cannot own land in Kazakhstan. However, if you hold a Residence Permit, you can own 100% of the structures (buildings/villas) on a private ... Read Moreisland, while the land is held via a long-term lease from the state. For those without residency, forming a local entity is the standard workaround to secure leasehold rights. In 2026, new tax codes have set the VAT at 16%, which applies to property transactions. Buyers must ensure the island is not classified as "Agricultural," which is strictly off-limits to foreign control. Read Less