Central regions | Finance, business | Industry, manufacturing

Russia considers softer stance on foreign ownership of SMEs

29 Mar '18
The Russian government has approved draft amendments to the law on small and medium-sized enterprises (SMEs) proposed by the Ministry of Economic Development which would remove the 49% limit on foreign ownership of Russian SMEs, the US-Russian Business Council reported.

The change would apply to non-offshore foreign SMEs—companies with no more than 250 employees and $34.8m in annual revenues.

Foreign firms currently own shares in nearly 14,000 Russian SMEs, according to the Federal Fax Service.

The proposal aims to attract foreign investment in and boost technological modernization of Russian SMEs, which enjoy a simplified taxation and regulatory regime. Since January, state companies have been required to grant at least 15% of their procurement contracts to SMEs, which amounts to a total value of $52.2m a year, according to some estimates.

According to OporaRossii, Russia’s leading SME association, the proposed measure would increase investment by European and Chinese high-tech companies into medium-sized Russian firms.
Publish in Twitter
Write to Facebook
Google Buzz
Write to LiveJournal
Show in MM
Share MK
COMMENT ON THIS STORY
Find Related Content

Locations:

Tags: law (26) / small and medium sized enterprises (0) /

Latest News: Central regions
22 Mar '19 | Technology & innovation | Finance, business
21 Mar '19 | Finance, business | Retail, FMCG
20 Mar '19 | Technology & innovation
19 Mar '19 | Finance, business | Technology & innovation
14 Mar '19 | Finance, business | Technology & innovation
 

Feature stories

29 Jan '19
Russian biologists and biophysicists have developed...
2 Nov '18
Drawing upon in-depth interviews, the book channels...
27 Aug '18
Search (News archive - 21328)
Advertising
RB_Partners_Report
Advertising
Annex_to_RB_Partners_Report
Advertising
NATT
Advertising
Independent Software Developers Forum
Advertising
Marchmont News

Latest News

22 Mar '19
About 80% of Russian companies use artificial...
21 Mar '19
Streetbee, a Russian developer of artificial...
20 Mar '19
A compact graphene-based terahertz wave detector has...

Most read stories from last week

20 Mar '19
A compact graphene-based terahertz wave detector has...
21 Mar '19
Streetbee, a Russian developer of artificial...
22 Mar '19
About 80% of Russian companies use artificial...