Russian Legal Entities
Russian legal entities, including those with foreign capital, may carry out any activities which are not prohibited by the legislation of the Russian Federation.
There are bans or restrictions for Russian legal entities who have a foreign legal entity as a shareholder and who engage in direct investment in the Russian Federation; these restrictions apply to the conduct of activities that require additional coordination with authorities, for example:
· A prohibition on transactions that result in establishing control over business entities that are of strategic importance to national defense and state security;
· A ban on the transport of goods and passengers by vehicles belonging to foreign carriers, including those who have temporarily imported them into the Russian Federation or between points within the Russian Federation;
· A ban on the establishment of television programs by Russian legal entities with foreign ownership or shares (contributions) of foreign ownership in the charter capital of 50 percent or more.
· Prohibition or restriction on the use of mineral resources of federal significance for exploration and mining;
· Bans and restrictions on carrying out activities in the field of insurance and banking;
· Other prohibitions and restrictions imposed by the Government of the Russian Federation.
Certain activities require special permits (licenses).Licensed activities include those types of activities which may result in damage to the rights, legitimate interests, or health of citizens, to defense and national security, or the cultural heritage of the peoples of the Russian Federation, which cannot be regulated through methods other than licensing.For example, banking, insurance, education, pharmaceuticals, stock market activity, activity in the production and sales of grain alcohol and alcoholic products, gambling and other types of activities, a list of which is established by Russian legislation.
Branch and Representative Offices
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Representative Office
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Branch
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The representative office shall be entitled to exclusively perform support functions: to conduct market research, promotions, participate in exhibitions, seminars, etc.
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The branch may carry out commercial activities, carrying out part or all of the functions of the parent company
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It is necessary to obtain a license for all other forms of activity.
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www.timservices.ru/tim_migration/images/stories/esta.pdf
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