International Business Center "respublika Ingushetiya"

Original Language Title: О центре международного бизнеса "Ингушетия"

Read the untranslated law here: http://pravo.gov.ru/proxy/ips/?doc_itself=&infostr=x&backlink=1&fulltext=1&nd=102039341

Lost force since January 1, 2005 year-Federal Act of 22/08/2004, no. 122-FZ of the RUSSIAN FEDERATION federal law on Center for international business, "Ingushetia" adopted by the State Duma December 8, 1995 year approved by the Federation Council of the year January 15, 1996 (as amended by the federal laws from 21.03.2002 N 31-FZ;
from 23.12.2003 N 186-FL) Chapter i. General provisions and definitions Article 1. Federal Act on international business center "Ingushetia" hereinafter referred to as the present Federal law.
Article 2. International Business Centre "Ingushetia" hereinafter called the Centre.
Article 3. This federal law to attract foreign capital, technology, managerial experience in the sphere of foreign-economic activity, growth, tax revenues and employment sets out the legal and economic standards for the creation and activities of the Centre.
Article 4. This federal law applies solely and only in respect of international business companies Center-non-residents of the Russian Federation, registered on the premises and operating in accordance with the provisions of the legislation of the Russian Federation and the present Federal law.
Article 5. Non-residents of the Russian Federation are: a) physical persons having permanent place of residence outside the Russian Federation, including those temporarily residing in the Russian Federation;
b) legal entities established in accordance with legislation of foreign States located outside of the Russian Federation;
in) companies and organizations are not legal persons established in accordance with the legislation of foreign States located outside of the Russian Federation;
g) located in Russian Federation foreign diplomatic and other official representative offices, as well as international organizations, their branches and representative offices;
d) located in the Russian Federation, branches and representations of non-residents as set forth in paragraph "b" and "b" of this article.
Article 6. Residents of the Russian Federation are: a) physical persons having permanent place of residence in the Russian Federation, including temporarily outside the territory of the Russian Federation;
b) legal persons established in accordance with the legislation of the Russian Federation, located in the Russian Federation;
in) companies and organizations are not legal persons established in accordance with the legislation of the Russian Federation, located in the Russian Federation;
g) diplomatic and other representations of the Russian Federation outside the territory of the Russian Federation;
d) outside the territory of the Russian Federation branches and representative offices, set forth in paragraph "b" and "b" of this article.
Article 7. Foreign currencies are considered: a) free convertible currency in banknotes, Treasury bills, coins in circulation that are legal tender in the relevant foreign State or group of States, as well as seized or withdrawn from circulation, but to be exchanged banknotes;
b) funds in accounts in freely convertible currencies for foreign States and international funds or units.
Article 8. Foreign exchange transactions are considered: a) operations associated with the transfer of ownership and other rights in currency values, including operations related to use as a means of payment in foreign currency and payment documents in foreign currency;
b) importation and forwarding to the Russian Federation, as well as export and shipping from the Russian Federation currency values;
in carrying out international money transfers).
Article 9. Operations with foreign currency and foreign currency securities are classified in current currency transactions and foreign exchange transactions involving the movement of capital.
Article 10. Foreign investments are considered to be all kinds of property and intellectual values invested by foreign investors in objects of entrepreneurial activity in order to make a profit.
Article 11. Foreign investors are: a) foreign legal persons, including, in particular, any companies, firms, enterprises, organizations and associations, created and authorized to invest in accordance with the legislation of the country of its location;
b) foreign citizens, persons without citizenship, Russian citizens with permanent residence abroad, provided that they are registered for doing business in their country of citizenship or permanent residence;
in a foreign country);
g) international organization.
Article 12. International business is any Russian law allowed non-residents activity on the territory of the Russian Federation from the territory and through the territory of the Centre with settlements in foreign currencies with non-residents of the Russian Federation outside the registration, tax, monetary and administrative modes defined by this federal law.

Foreign operations on transactions executed by international business companies registered in the Center, considered to be international business.
Article 13. Russian residents may not be founders (shareholders) of international business companies.
Article 14. International business company-legal entities-residents of the Russian Federation established, registered and operating in the Centre in accordance with the provisions of this federal law.
Article 15. Register-registration Chamber of the Centre. (Repealed in part the order of registration of legal entities in the international business center "Ingushetia" federal law N March 31-FZ) Article 16. The Registrar is the official representative of the register. (Repealed in part the order of registration of legal entities in the international business center "Ingushetia" federal law N March 31-FZ) Article 17. Secretarial company is a legal entity, a resident of the Russian Federation, in its capacity as Registrar international business companies registered in the Center.
CHAPTER II. STATUS of Article 18. The Center was established and operates in the city of Nazran in its administrative borders.
Article 19. This federal law allows companies to non-residents any established by legislation of the Russian Federation commercial transactions.
Article 20. Non-resident companies of the Russian Federation established, registered and operating in the Centre in accordance with this federal law, shall be deemed international business companies and benefits established by this federal law.
Article 21. Foreign operations of international business companies are not taxed in the Russian Federation, including taxes and the Ingush Republic.
Article 22. Registered and operating in the center of the company in the register shall pay a one-time registration fee and annual fee. (Repealed in part the order of registration of legal entities in the international business center "Ingushetia" federal law N March 31-FZ) registration fee and annual fee are established and modified by the Government of the Ingush Republic in consultation with the Government of the Russian Federation.
Article 23. This federal law allows companies that are registered in the heart of the redeployment in other centres of international business after the discharge of all obligations to the Administration Center and Russian residents.
Article 24. This federal law guarantees regime for activities of international business companies registered in the Center, during the 20 years from the date of their registration. (Repealed in part the order of registration of legal entities in the international business center "Ingushetia" federal law N March 31-FZ), Article 25. Monitoring of implementation of this federal law shall be carried out by authorized State bodies of the Russian Federation and the Ingush Republic within the limits of their powers.
CHAPTER III. ADMINISTRATION CENTER of Article 26. Management of the Centre is carried out by the administration.
The Administration Center is a legal entity that manages its activities.
The head of administration of the Centre shall be appointed by the Government of the Russian Federation on the recommendation of the President of the Ingush Republic.
The Government of the Ingush Republic approve the regulation of the activities and administration of the Centre.
CHAPTER IV. INTERNATIONAL BUSINESS COMPANIES in the heart of Article 27. International business companies are considered companies engaged in international business: (a) only) international business companies do not conduct commercial activities on the territory of the Russian Federation, except for the acquisition of goods and services for the sustenance of their offices and foreign personnel in the Center.
International business companies may be on the premises of the bank accounts in banks-agents and authorized banks, Governments of the Ingush Republic, equipment, documents and other property necessary for the implementation of international business in the territory and through the territory of the Center. They may not be in the center of real estate, except for rental;
b) international business companies upon agreement hire secretarial company to conduct its ongoing work, including the representation of their interests before the administration of the Centre;
in) international business companies may proceed with international business after the registration in the Register as international business companies and receive the corresponding certificate administration of the Centre;
g) international business companies should have registered capital: company with limited liability-1500 United States dollars;
joint-stock companies-15000 dollars United States.
At the time of registration of the company with limited liability share capital must be paid in full.
By the moment of registration of the joint-stock company share capital must be paid not less than 10 per cent, and the remaining 90 per cent of the authorized capital must be paid by the end of the third year of existence.
International business companies share capital paid in freely convertible currency;

d) international business companies pay registration fee at the time of filing the application for registration in the Center, and the annual fee-up to 31 December of each year following the year of registration in the Centre;
(e)) any commercial operation of international business companies, other than those listed in paragraphs a and b of this article of this federal law, is prohibited throughout the territory of the Russian Federation, including the territory of the Center;
f) financial resources for forming authorized capital and payments from the Administration Center, local firms and foreign partners international business companies have mobilized from external to the Russian Federation sources in freely convertible currency;
w) calculations about its operations, international business companies carry out in freely convertible currency and rouble payments to government agencies, the administration of the Centre and the residents of the Russian Federation-by transferring the necessary sums in freely convertible currency at the current exchange rate of the Central Bank of the Russian Federation. International business companies may not have other sources of ruble-denominated amounts, in addition to obtaining them from the exchange of hard currency in the banks-agents and authorized banks, Governments of the Ingush Republic. (Repealed in part the order of registration of legal entities in the international business center "Ingushetia" federal law N March 31-FZ) Article 28. At the Centre of international business companies enjoy the following benefits: a) expedited and simplified procedure for registration with the Centre as an international business companies within three days after submission to the register of all properly designed registration documents;
b) full exemption from all taxes of the Russian Federation, except for the registration and annual fees;
in) monetary autonomy of international business companies and exemption from Russian Federation currency control operations of international business companies; Specifies the right to open and maintain bank accounts in banks-agents, authorized by Russian and foreign banks;
g) exemption from customs duties and taxes of goods imported into the content needs of secretarial companies;
e) anonymity of owners of companies international business;
e) preservation of trade secrets and confidentiality of business activities of international business companies registered in the Centre, except in cases of violation of the legislation of the Russian Federation and laws of other States;
f) warranty re-registration at the Centre of international companies registered in other States. (Repealed in part the order of registration of legal entities in the international business center "Ingushetia" federal law N March 31-FZ) (Suspended from January 1 to December 31, 2004 year-the Federal law dated 23.12.2003 N 186-FL) Article 29. As international business companies registered in the center of the society with limited liability and joint-stock companies with the right to issue ordinary and preferred shares, registered and bearer shares.
Nominal value of shares is set in freely convertible currency. (Repealed in part the order of registration of legal entities in the international business center "Ingushetia" federal law N March 31-FZ) Article 30. International business company is created under a contract of one or several founders (shareholders).
The founders (shareholders) of the company international business may serve physical and juridical persons-non-residents of the Russian Federation.
Article 31. The highest body of the international business company is the general meeting of founders (shareholders), which is held at least once a year.
On decision of the Board or the founders (shareholders) of the company's annual and extraordinary meeting of founders (shareholders) of the company may be held at any time and in any place in or outside the Centre.
The decisions of the shareholders may be taken at the meeting by interviewing by telephone or other communication systems and through the proxies of shareholders voting by proxy.
Article 32. The Board is authorized to conduct business companies international business, entrusted the Council of founders (shareholders) in accordance with the memorandum and articles of Association of the company international business.
Article 33. International business company has a Secretary-legal person resident in the Russian Federation.
Article 34. Registration of international business companies in the Centre is carried out by the register.
Registration of international business companies is subject to availability of the following documents (in Russian and English): a) a written statement on registration of company founders (shareholders) international business;
b) notice of the register on the approval of the international business company name;

in) a notarized copy of the constitutive treaty, international business companies showing the title, the subject and the objectives of international business companies, founders (shareholders), amount and order of formation of the statutory fund, the size of the share capital and number of votes of founders (shareholders)-non-residents of the Russian Federation;
g) a notarized copy of the Charter of international business companies, together with an indication of the powers and procedures of the general meeting of founders (shareholders), structure, composition, method of forming and the competence of Government, decision-making meeting of shareholders and by the Board of Directors, as well as the procedure of liquidation of the company international business;
d) list of members of the managing bodies of the company international business along with their names and full names, addresses, residence, passport data and posts;
e) notice of the legal address of the company's Office of international business at the Center;
f) Bank certificate on payment of the registration fee;
w) Bank certificate of deposit of the share capital of the company at the Centre of international business. (Repealed in part the order of registration of legal entities in the international business center "Ingushetia" federal law N March 31-FZ) Article 35. In the name of the company must be the abbreviation "Ltd." or its equivalent in other languages.
Article 36. International business company is considered to be registered and acquire the rights of a legal entity from the moment of its registration in the register.
The founders of the established sample certificate of registration as a company of international business. (Repealed in part the order of registration of legal entities in the international business center "Ingushetia" federal law N March 31-FZ) Article 37. Mandatory registration in the register shall be subject to any changes in the articles of the Treaty and the Statute, the legal address and identities of founders (shareholders) and the Directorate of the company international business within 14 days after the adoption of these changes.
These changes in the constituent and other documents shall enter into force upon their registration with the Register. (Repealed in part the order of registration of legal entities in the international business center "Ingushetia" federal law N March 31-FZ) Article 38. International business company should have a registered office in the Centre with its legal address.
Article 39. At the registered office of the company at the center of international business should be: lists of its founders (shareholders), directors and Secretaries, with their names, full names, addresses, residence, passport data and posts, and if in the role of Director and Secretary shall serve legal entities, along with their names, addresses and names of their officials;
Memorandum of Association, articles of Association and certificate of incorporation of international business;
Book of record of the shares of the company international business;
copies of the protocols of the annual and extraordinary meetings of the founders (shareholders), decisions of the Board of Directors and the annual reports of the company international business;
samples of press and official forms companies of international business. (Repealed in part the order of registration of legal entities in the international business center "Ingushetia" federal law N March 31-FZ) Article 40. Each company must submit to international business register annual report, signed by the Director and the Company Secretary, not later than 15 February of the year following the accounting year. (Repealed in part the order of registration of legal entities in the international business center "Ingushetia" federal law N March 31-FZ), Article 41. International business company may terminate its activities by a decision of the meeting of founders (shareholders), due to recognition of its insolvent (bankrupt) and by a court decision.
Article 42. This federal law shall enter into force on the day of its official publication.
The President of the Russian Federation, b. Yeltsin, Kremlin, Moscow, N 16 January 30, 1996-FZ