Foreign investors will inform about investments in Crimean companies

Application procedure of the RF legislation about foreign investments in the Republic of Crimea and Sevastopol is defined by the Federal Law of 18.07.2017 №165-FL «On Amendments to the Article 6 of the Federal Law «On Foreign Investments in the RF» and the Federal Law «On Procedure of Foreign Investments to Business Entities that have strategic importance for defense support and security of the country». Besides, control for foreign investments in companies that have strategic importance for defense capacity and security of the country is tightened.

Among taken amendments – requirement for foreign investors to inform compulsorily the Government authorized body about holding more than 5% shares or authorized capital interest in Russian companies that were located on the territory of Crimea on the moment of the peninsula joining Russia.

Foreign investors are also obliged to inform about all the transactions with shares. In case of violation of this requirement, federal authority have a right to deprive of voting on shareholders` general meeting, exclude their votes in determining the quorum and while vote counting through legal proceedings.

According to the Information and Analytical system Globas currently more than 42 thousands of active legal entities, including more than 360 joint stock companies are registered in the Republic of Crimea and Sevastopol. Information about them as well as about all the legal entities and individual entrepreneurs of Russia and other countries is accessible for subscribers of the Globas system.