Ministry of Economic Development of the Russian Federation
Ministry of Economic Development of the Russian Federation
The Ministry of Economic Development will expand the capabilities of international funds in the SAR
28 August 2020 15:31

The Ministry of Economic Development has sent a draft law to the Bank of Russia for approval, which will improve the legal regulation of international funds in the SAR.

The initiative of the Ministry of Economic Development provides for a number of amendments: expanding the circle of persons who can create international funds on the SAR territory, a list of requirements for such funds, the structure of the fund's management bodies, as well as the procedure for receiving payments from property transferred to the fund for management.

As already reported by the Ministry of Economic Development, since November 2019, there is the possibility to register international funds on the SAR territory, in the spring of 2020 the first fund was created.

 "The amendments proposed by the Ministry of Economic Development, aimed at creating an investment-attractive environment for SAR investors, will increase the number of SAR residents - international funds, the best basis will be created in SARs for the implementation, including the management functions of property,” said the Deputy Minister of Economic Development Ilya Torosov. 

Дата публикации: August 28, 2020
Ссылка: https://en.economy.gov.ru/material/news/the_ministry_of_economic_development_will_expand_the_capabilities_of_international_funds_in_the_sar.html
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