Russia : tax and currency control aspects of outbound investments

This article describes the main factors and components which should be taken into account by a Russian domestic business that decides to establish an international corporate structure. Specifically, the article considers how a Russian investor should make or structure a foreign investment and discusses, among other things, whether the investment should be made directly or through a holding company, Russia's currency rules on foreign acquisitions, the choice of a holding jurisdiction, financing foreign operations, and the tax consequences of possible structuring alternatives for repatriated income.