🔴 Subscribe our chanell / @tarasenkovasily
Russian lawyer's Website: rlaw.site/
We are on google maps: goo.gl/maps/5vf6BeENHRpNRvNi8
Legal services (Whatsapp, Telegram) +7-909-961-19-09
Content:
How to open bank account in Russia for transferring Russian Shares.
00:00 - Start
00:10 - History (unerground)
00:37 - Amendments
00:51 - List of countries
01:23 - Process of opening bank account.
01:35 - Limits for trasferring
In March 2022, the international payment systems Visa and Mastercard completely stopped working in Russia. As a result, foreign nationals were cut off from the Russian banking infrastructure and could not convert their blocked securities / shares of Russian companies without opening an account in Russia.
Since that time, in order for a foreigner to open a Russian account, it was necessary to come to Russia or issue an apostilled power of attorney to a representative in Russia to open an account.
However, in July 2023, amendments were adopted, and now Russian banks can delegate to a foreign financial organization the identification of a client who is a foreign national or company on a contractual basis.
In October 2023, the Government approved a list of 25 countries whose banks can identify their citizens and companies to carry out financial transactions in Russia and open accounts in Russian banks. The corresponding order was signed by Prime Minister Mikhail Mishustin.
-------------
The list includes Azerbaijan, Algeria, Armenia, Bahrain, Belarus, Brazil, Egypt, India, Indonesia, Kazakhstan, Qatar, Kyrgyzstan, China, Kuwait, Malaysia, Mongolia, United Arab Emirates, Oman, Pakistan, Saudi Arabia, Tajikistan, Thailand, Turkmenistan, Turkey and Uzbekistan.
-------------
After passing the identification procedure in their country, the tourist will be able to remotely open an account in a Russian bank, and, in Russia, receive a foreign tourist card. The law also defines enhanced control when the payment limit is exceeded for foreign clients: for individuals - from 50,000 rubles, for legal entities - from 500,000 rubles.
#shares #securities #bankaccount