The Ministry of Finance has halved the validity period of appraisal reports for assets intended for purchase from foreign investors - from six to three months.
Now, no more than three months must pass from the preparation of the appraisal report to the meeting of the subcommittee of the government commission on foreign investment. According to the updated requirements, the applicant must ensure the submission of a report on the appraisal of the subject of the transaction (operation), compiled no more than 3 months before the date of the meeting of the Subcommittee, including its updating. At the same time, the period from the date of the appraisal of the subject of the transaction (operation) to the date of preparation of the report on the appraisal of the subject of the transaction (operation) must not exceed 6 months. These changes were recorded in a new form published by the Ministry of Finance on February 21, 2025.
Previously, companies could use reports compiled six months before the application was considered. Companies that submitted applications before the changes were made must now conduct a re-evaluation.
The law firm "Nadmitov, Ivanov and Partners" provides consultations on issues of obtaining permits from the Government Commission, as well as on issues of sanctions and counter-sanctions.
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