The leading “Tinkoff” Group registered in the special administrative region (SAR) on Russky Island, moving from Cypriot jurisdiction
On February 26, 2024, MCPAO “TCS Holding” became the 70th company registered in the SAR on Russky Island. On January 15, 2024, shareholders of the Cyprus “TCS Group Holding” Plc decided to redomicile to Russia. On February 8, 2024, the Bank of Russia decided to register the issue of ordinary shares of MCPAO TKS Holding, which were listed on the Moscow Exchange.
General Director of the Far East and Arctic Development Corporation (FEDC) Nikolai Zapryagaev: “The “TKS Holding” company became the first public structure to move to the special administrative region on Russky Island, but I am sure that it will not be the last. The SAR regime will provide comfortable conditions for the continued effective operation of the company, including its activities in the Far East.”
Residents of the SAR receive tax and administrative benefits, and the Russian economy receives an influx of additional capital due to the withdrawal of companies from offshores. On Russky Island, 70 SAR member companies with assets of more than 5.5 trillion rubles are already operating under agreements with the FEDC.
On February 26, 2024, MCPAO “TCS Holding” became the 70th company registered in the SAR on Russky Island. On January 15, 2024, shareholders of the Cyprus “TCS Group Holding” Plc decided to redomicile to Russia. On February 8, 2024, the Bank of Russia decided to register the issue of ordinary shares of MCPAO TKS Holding, which were listed on the Moscow Exchange.
General Director of the Far East and Arctic Development Corporation (FEDC) Nikolai Zapryagaev: “The “TKS Holding” company became the first public structure to move to the special administrative region on Russky Island, but I am sure that it will not be the last. The SAR regime will provide comfortable conditions for the continued effective operation of the company, including its activities in the Far East.”
Residents of the SAR receive tax and administrative benefits, and the Russian economy receives an influx of additional capital due to the withdrawal of companies from offshores. On Russky Island, 70 SAR member companies with assets of more than 5.5 trillion rubles are already operating under agreements with the FEDC.
