MOSCOW, January 22. /TASS/. The Russian Ministry of Economic Development is working on improvement of the mechanism for redomiciliation of foreign companies into special administrative regions (SAR) in Russia, the ministerial press service told TASS.
"The Russian Ministry of Economic Development is consistently working on enhancement of the mechanism for redomiciliation of foreign companies to SAR, including as part of available assignments on this topic and requests of the business," the ministry informed.
A source familiar with the text of the document told TASS that Russian President Vladimir Putin ordered to provide for the opportunity of redomiciliation of holding companies registered in unfriendly jurisdictions and keeping of the status of redomiciled international companies in Russia in case laws of foreign countries do not provide or generally prohibit the redomiciliation procedure, by April 1 of this year. Such assignment was given in conclusion with the meeting with the business community last December.