The prohibition on payments for shares in the property of non-resident legal entities was extended.

According to the Decree of the President of the Russian Federation of 23.11.2022 № 845 the rule will remain in force in 2023, according to it a resident is not allowed:

  • to pay a resident’s share or interest in the property (authorized or share capital, share fund of a cooperative) of a non-resident legal entity. The same applies to contributions to such property;
  • to make a contribution to a non-resident under a partnership agreement with an investment in the form of capital investments.

We remind you that the prohibition may be waived if you obtain an individual permit from the Central Bank of the Russian Federation or meet one of the following conditions:

  • to transfer money in rubles or in the currency of the country that does not commit unfriendly acts;
  • to conduct the transaction in the currency of the country performing these actions in the amount not exceeding the equivalent of 15 million rubles at the exchange rate of the Central Bank of Russia on the date of payment.

It doesn’t matter where the recipient of the money is located.

Initially, it was established that the prohibition is valid until the end of 2022.

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