ANNOUNCED AS TEMPORARYNo
FDI: Entry and ownership rule
Federal Law No. 267-FZ of 25 December 2012 has increased from 25 to 50% the possible share of foreign capital in the charter capital of insurance organisations. The purpose of this state measure is to improve the investment climate for foreign investors who wish to invest in the Russian insurance sector.
Federal Law No. 267-FZ has introduced the above-explained change by amending article 6, point 3, paragraph 3 of Law No. 4015-I "On organisation of insurance business in the Russian Federation" of 27 November 1992.
Federal Law No. 267-FZ enters into force as of the date of its official publication 28 December 2012.
A state measure in the GTA database is assessed solely in terms of the extent to which its implementation affects foreign commercial interests. On this metric, the investment support proposed here is liberalising.
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