The law foresees the creation of an analog of foreign offshore zones in Russia and the rules for registering companies on their territory. Such zones will be created on the two islands of the Russian
Federation — Oktyabrsky in Kaliningrad region and Russkiy in Primorsky Kray.
Only foreign companies will be able to register in the SAR. They will receive
the status of an international company, but on the condition that they will
work in several countries, including Russia. Thus, the companies of Russian
businessmen registered in other jurisdictions and, in particular, offshore,
will be able to re-register in the national offshore areas of the Russian
Federation. It will take only one day to register a company.
The SAR members will receive tax and currency benefits. Thus, income from dividends, as well as income from the sale of shares will not be taxed. The tax rate on income from dividends received from shares of international holding companies will be 5%. At the same time, the SAR participants will also be subject to preferential rates for income tax. In addition, companies registered in ”Russian offshore areas“ will be able to make payments and transfers using foreign banks accounts.
Companies that have got the status of SAR participants will have to invest in projects on the territory of the Russian Federation. Rules and norms of such investments will be defined by the Russian government, but the minimum amount of investments of such companies in the economy of the Russian Federation should be at least 50 million rubles in six months.
