Debut resident registers in Kaliningrad special “offshore” region

KALININGRAD, Feb 6 (PRIME) -- Debut international company Adanimov trading limited has been registered in Russia’s special administrative region on Oktyabrsky Island near Kaliningrad, Kaliningrad Region Governor Anton Alikhanov said on his Instagram account late on Tuesday.

The resident will get tax incentives and invest at least 50 million rubles in the region in the next six months, Alikhanov also said.

In 2018, Russia approved a package of laws allowing its citizens to re-register offshore companies, which they control, in special domestic administrative regions on Russky Island near Vladivostok and Oktyabrsky Island to minimize possible repercussions from foreign sanctions and acquire a status of an international firm.

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