OrbitaxRussia Clarifies New Beneficial Ownership Reporting Disclosure Requirements for Foreign Organizations if Providing Electronic Services
|Approved Changes|Russia
The Russian Ministry of Finance recently published guidance letter 03-02-11/59801 concerning the new provisions introduced by Federal Law No. 100-FZ of 20 April 2021 for the disclosure of beneficial ownership information, which will apply from 1 January 2022. The new provisions require foreign organizations (legal entities) and foreign structures not formed as legal entities that are registered…
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