The State Duma Committee on Economic Policy upheld relaxed conditions for foreign ownership in small business
The State Duma Committee on Economic Policy endorsed a bill that lifts a number of restrictions for participation in registered capital of small and medium sized businesses for foreigners and innovative development institutions.
The law will authorize foreign nationals to start small company in Russia without restricting the share of ownership. Foreign individuals and legal entities are currently restricted to a 25% maximum share holding in a Russian company.
Also the bill will ease restrictions on small business equity holdings for state corporations listed by the government as supporters of innovation.
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