04.07.2017

P u r c h a s e   o f   t h e   s t a t e   a n d    
m u n i c i p a l   p r o p e r t y   b y   o f f s h o r e    
c o m p a n i e s   i s   p r o h i b i t e d   i n   R u s s i a  

On 1 July 2017, amendments to the Federal Law 'On Privatisation of the State and Municipal Property' and the Federal Law 'On the Procedure for Foreign Investment in Business Entities of Strategic Importance for National Defense and State Security' became effective, according to which  offshore companies and legal entities controlled by an offshore company or a group of entities, which includes an offshore company are not permitted to purchase state and municipal property in Russia. 

Read more:

Contacts:              

Yana Dianova
Director of Corporate and Commercial Law Department
GRATA International (Moscow)
Tel: +7 (495) 660 11 84
Locations
Author: Yana Dianova
Location:
Moscow, Russia
Industry:
Banking & Finance
Industry & Trade
Practice area:
Contracts
Corporate
Data Protection & Privacy
Employment
Finance and Securities
Intellectual Property
Project Finance & Public-Private Partnership (PPP)
Subscribe to our newsletter for the latest news and insights: