In 2023, the process of redomiciliation, the relocation of companies netherlands telegram data to Russia, began. How does the Bank of Russia assess this process as a whole? How successful is it, what are the risks and problems?
The redomiciliation mechanism has given
A lot to those Russian owners who initially built their business through foreign companies. When the sanctions pressure began, it allowed a flexible approach to protecting the interests of Russian owners who wanted to transfer a company from a foreign jurisdiction to Russia, while preserving some features of corporate governance, shareholder agreements that were not supported by Russian legislation. That is, they actually managed to restore control over the company in the sanctions regime, bring it into the Russian perimeter and at the same time preserve those features that were in foreign jurisdictions. Today, 52 organizations have the status of an international company in our country.
practice, there were two basic problems
when carrying out redomiciliation. The problem of the move itself. A number of foreign laws do not allow a change of jurisdiction for a company. For example, the Netherlands. In this case, it was necessary to come up with a special mechanism called “incorporation”.
The second problem was that the management bodies of a number how to promote a post from the moment it’s published on a blog? of foreign companies did not want to make a decision on transferring to Russia. Because in some countries – these are both the EU and the US – criminal liability has been established for non-compliance with the sanctions regime, and the decision to transfer was considered precisely as such a step, which, from america email our point of view, is, of course, nonsense. We had to do a lot of work to find arguments for making these decisions.