A socially oriented non-financial development institution and a major organizer of nationwide and international conventions; exhibitions; and business, public, youth, sporting, and cultural events.

The Roscongress Foundation is a socially oriented non-financial development institution and a major organizer of nationwide and international conventions; exhibitions; and business, public, youth, sporting, and cultural events. It was established in pursuance of a decision by the President of the Russian Federation.

The Foundation was established in 2007 with the aim of facilitating the development of Russia’s economic potential, promoting its national interests, and strengthening the country’s image. One of the roles of the Foundation is to comprehensively evaluate, analyse, and cover issues on the Russian and global economic agendas. It also offers administrative services, provides promotional support for business projects and attracting investment, helps foster social entrepreneurship and charitable initiatives.

Each year, the Foundation’s events draw participants from 208 countries and territories, with more than 15,000 media representatives working on-site at Roscongress’ various venues. The Foundation benefits from analytical and professional expertise provided by 5,000 people working in Russia and abroad.

The Foundation works alongside various UN departments and other international organizations, and is building multi-format cooperation with 173 economic partners, including industrialists’ and entrepreneurs’ unions, financial, trade, and business associations from 78 countries worldwide, and 188 Russian public organizations, federal and legislative agencies, and federal subjects.

The Roscongress Foundation has Telegram channels in Russian t.me/Roscongress, English – t.me/RoscongressDirect, and Spanish t.me/RoscongressEsp. Official website and Information and Analytical System of the Roscongress Foundation: roscongress.org.

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Re-Domiciliation: Window of Opportunity
30 June 2022
16:30—18:00
The legal mechanism of re-domiciliation has existed in Russian law for almost 4 years. It was introduced in August 2018, when a series of laws was adopted to create special administrative regions (SAR) on Oktyabrsky and Russky islands in order to bring back Russian business there and to attract international companies to migrate from foreign jurisdictions. At that time, the main features for SAR residents included the possibility to apply foreign law to regulate internal corporate relations, as well as tax conditions comparable to popular international jurisdictions. Given that large Russian businesses have traditionally been arranged using foreign holding structures, the introduction of significant sanctions against Russian beneficiaries and their assets in 2022 led to a situation where many companies encountered serious difficulties in carrying out various operations in foreign jurisdictions. Under the new conditions, the logical choice for many was to relocate controlled foreign companies to the SARs. As a consequence, the number of SAR residents has increased significantly since the end of February. This was facilitated by significant changes in the SAR legal regime:
Thus, the order of relocation was updated to reflect the current conditions, as well as liberalization of some mandatory requirements for SAR residents;
In addition, SAR residents were given a new legal mechanism of asset protection: the possibility of registration of international personal funds (lifetime and posthumous) in the territory of SAR;
Next on the agenda is amending the Russian legislation with a famous foreign legal tool: issuance of shares with a different volume of rights. The corresponding bill has been submitted to the State Duma.
Date
30.06.2022
Forum
St. Petersburg International Legal Forum
Started at
16:30—18:00
Conference hall
Congress Centre, conference hall D2
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