The working group of the Bank of Russia decided to allow residents to carry out operations to pay for shares, deposits, shares in the property of non-resident legal entities, as well as to pay contributions by residents to non-residents as part of the execution of simple partnership agreements with investment in the form of capital investments without obtaining individual permissions from the Bank of Russia when simultaneous observance of the following conditions:
1) a legal entity that is a non-resident and in respect of which the operation is carried out is not a resident of the states that commit unfriendly actions in relation to the Russian Federation, Russian legal entities and individuals;
2) the operation is performed in rubles or in foreign currency of states that do not commit unfriendly actions against the Russian Federation, Russian legal entities and individuals;
3) the amount of the share, contribution, share in the property of a legal entity or contribution to a non-resident under the implementation of a simple partnership agreement with investment in the form of capital investments, in payment for which the transaction is made, does not exceed 10 million rubles or the equivalent of this amount in foreign currency at the official exchange rate of the Central Bank of the Russian Federation on the date of payment.
Nadmitov, Ivanov and Partners Law Firm advises on issues of currency law.