Draft Federal Law N 1013075-7 On Amendments to Article 21 of the Federal Law" On Foreign Investments in the Russian Federation

Draft Federal Law N 1013075-7 On Amendments to Article 21 of the Federal Law" On Foreign Investments in the Russian Federation

09/30/2020

 

Dear Clients and Partners,

We inform you about the Draft Federal Law N 1013075-7

"On Amendments to Article 21 of the Federal Law" On Foreign Investments in the Russian Federation "

It is proposed to reduce the accreditation period for a branch or representative office of a foreign legal entity from 25 to 15 working days.

At the same time, the term will remain the same in case of accreditation of a representative office of a foreign legal entity operating in the field of civil aviation.

In addition, in particular, it is envisaged to introduce a procedure for suspending accreditation in the event that the necessary documents have not been submitted, or the documents submitted do not comply with the duly approved forms, formats or requirements for their execution, which are most often of a technical nature, with the condition of eliminating the violation and denial of accreditation if it is not eliminated.

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