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Nine companies will move from Cyprus to offshore zones in Primorye and the Kaliningrad region - EastRussia | Far East

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Nine companies will move from Cyprus to offshore zones in Primorye and the Kaliningrad region

Nine companies registered in Cyprus in the second quarter of this year will move to Russian offshore companies on the Russian islands in Primorye and Oktyabrsky in the Kaliningrad region. The translation of En + Oleg Deripaska’s holding will also be a landmark for domestic tax havens. From the island of Jersey, it should be transferred in July of this year.

As reported "News"In the coming years, several dozen major companies may also move to Russia from foreign offshore companies. This is due to the fact that the risks of activity in foreign jurisdictions continue to grow.

The law on the creation of special administrative districts (SAR) on the islands of the Russian and October President of Russia signed in august 2018 of the year. The first company to be registered offshore in the Far East Finvizh Holdings.