Offshore zones in the Russian Federation.

 In summer of 2018, the President of the Russian Federation signed a number of laws promoting the creation of “special administrative areas” in Russia. Residents of these territories received certain preferences in accordance with the Federal Law of 03.08.2018 No. 290-FL “About International Companies”: accelerated registration of the company, exemption from paying corporate tax of their CIC, preferential rates on dividend returns and some other exemptions, including some points related to the currency control.

To receive the status “international company” russian or foreign legal entity should accomplish the following conditions:

  • carry out economic activities on the territory of several countries, including Russia;
  • fill an application form about the contract for the further company’s functioning as a member of a special administrative region;
  • make a commitment to invest in the Russian Federation;
  • be registered (created) in the country-member (country-observer) of the Financial Action Task Force on Money Laundering (FATF) and / or a country-member of the Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (Moneyval).

Status “international company” gives legal entities the additional foregoing rights, providing the further successful business’ development.

Obtaining a special status on the territory of the emerging “Russian offshore zones” is a tough process, changes of legislative regulation and the political situation make it even more complicated. Horizon Global experts will be able to give you advise about all issues and difficulties of the tax regulation.