From April 1, 2024, Russian residents do not need to obtain individual permission from the Bank of Russia to pay for shares, deposits, and shares in the property of non-residents if the amount of such transactions in favor of one legal entity does not exceed 15 million rubles.
The Bank of Russia announced that it will no longer be necessary to obtain individual permission from the Bank of Russia to pay for shares in the property of non-residents if the amount of such transactions in favor of one legal entity does not exceed 15 million rubles. In this case, the transaction can be either in Russian rubles or in foreign currency in ruble equivalent at the official exchange rate of the Bank of Russia on the payment date.
If the amount of transactions, regardless of the currency of payment, exceeds the limit, then, as before, obtaining permission from the Bank of Russia is necessary.
Similar requirements apply to contributions to non-residents under simple partnership agreements.
If the amount of transactions, regardless of the currency of payment, exceeds the limit, then, as before, obtaining permission from the Bank of Russia is necessary.
Similar requirements apply to contributions to non-residents under simple partnership agreements.
