The Ministry of Finance and the Central Bank decided to soften the conditions for paying dividends to foreigners
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The Ministry of Finance and the Central Bank decided to ease restrictions on the payment of dividends to foreigners investing in the Russian economy. As follows from the materials site Ministry of Finance, dividends can be paid without restrictions, but not exceed the amount of investment in Russia.
Also among the conditions for paying dividends is the investment of foreign creditors in the Russian economy starting from April 1, 2023, including the expansion of production in Russia and the development of new technologies. Previously, the volume of dividend payments could not exceed 50% of the total net profit of the previous year, subject to the fulfillment of the set KPIs.
The news is being added.
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