TASS, Moscow :
Russian President Vladimir Putin signed a package of laws establishing special taxation zones for foreign companies on the Russky Island in the Far East and the Oktyabrsky Island in the Kaliningrad Region. Documents were posted on the official web-portal of legal information.
Special administrative zones will appear on islands. Explanatory notes to the paper say that the law provides for “a more flexible legal regime, in terms of tax and currency regulation in particular.”
Foreign legal entities with their office or other facilities located on the islands and Russian companies can become international companies registered in special areas.
Russian President Vladimir Putin signed a package of laws establishing special taxation zones for foreign companies on the Russky Island in the Far East and the Oktyabrsky Island in the Kaliningrad Region. Documents were posted on the official web-portal of legal information.
Special administrative zones will appear on islands. Explanatory notes to the paper say that the law provides for “a more flexible legal regime, in terms of tax and currency regulation in particular.”
Foreign legal entities with their office or other facilities located on the islands and Russian companies can become international companies registered in special areas.
