"Rusal" registration moves to Russia. Life-giving sanctions

The company "Rusal", which was under the burden of US sanctions, finally decided to think about changing the place of registration. Until recently, Rusal (UC Rusal Plc), which called itself a “Russian” company, was registered in the offshore zone - on the island of Jersey. This is one of the Channel Islands, which is one of the largest offshore companies in the world.

Now the management of the company said that they are considering the possibility of registering Rusal in one of the regions of the Russian Federation. It turns out that in order for RusAl to come to the necessity of paying taxes to the Russian budget, US sanctions were needed. No other arguments apparently played a role for this large company, and it continued to remain in the offshore zone abroad.

Where can UC Rusal Plc be registered in Russia?

Two options are assumed.

One of them is Oktyabrsky Island (Kaliningrad Oblast), the other is Russky Island (Primorsky Krai). These are the so-called special administrative regions with special economic status.

It should be noted that earlier on the board of directors of the company En + Group approved the re-registration of the company from Cyprus to Russia - also in one of the special administrative regions of the Russian Federation.

So what happens? - Thanks to the American sanctions returning the company to the "native harbor" ...

Comments

[Sargaras]

For such a case, their offshores are created. As they say, everything is for the good of man.

[kolyhalovs]

Here it is necessary to clarify. All for the benefit of a rich man. Now so.

[Sergey Ui]

All for the benefit of Deripaska)

[bessmertniy]

Something about Fr. It is doubtful to the Russian, although in the framework of the Free Port of Vladivostok or any coastal territory of priority development, it is quite possible. But in theory, the company's management needs to be closer to production. In this case, neither Vladivostok nor Kaliningrad are suitable. If it’s not near production, then I think that it’s more comfortable for Deripaska to settle in Crimea.

[Piramidon]

Quote: bessmertniy

But in theory, the company's management needs to be closer to production.

Is it very close to production on Jersey?

[KCA]

Registration has nothing to do with the location of the production, nor the owners, I can register the bank at the address of my apartment, this is called the legal address

[YarSer88]

This is the legal place of registration, for the company nothing will change at all, a couple of lines in the constituent documents will change, that's all. There, most likely, a small office will simply be rented so that you can enter this address. It’s not even a fact that someone is really waiting in this office.

[SSR]

Quote: Sergey ui

All for the benefit of Deripaska)

How many more of these "Russian" companies?

Until recently, Rusal (UC Rusal Plc), which called itself a “Russian” company, was registered in an offshore zone - on the island of Jersey.

Really, thanks Trump.

[siberalt]

It is necessary to nationalize "Rusal", and not for Deripaska to dabble in his own corners. That is what will be terrible for the world bourgeoisie with its sanctions. And so, some shame!

[Wolverine]

Quote: siberalt

It is necessary to nationalize "Rusal", and not for Deripaska to dabble in his own corners. That is what will be terrible for the world bourgeoisie with its sanctions. And so, some shame!

Here I am about the same thing, these creatures know how to turn out ...

[Nikolai]

Quote: siberalt

It is necessary to nationalize "Rusal", and not for Deripaska to dabble in his own corners. That is what will be terrible for the world bourgeoisie with its sanctions. And so, some shame!

That's it!!! I generally wonder how until now all these Deripaska have not bought their island and have not registered all of Russia there ...

[Vend]

Quote: Sargaras

For such a case, their offshores are created. As they say, everything is for the good of man.

They are easier to control.

[Sargaras]

I’m talking about him, as in that joke about the Chukchi and the MAN on the podium.

[rotmistr60]

It’s better to let them sit in the Russian offshore than in Cyprus. Naturally, it is neither cold nor hot for an ordinary citizen, but at least it can be of use to the state.

[dSK]

Quote: rotmistr60

in Russian offshore

14.08.2018 11:05
The main owner of En + and RUSAL, Oleg Deripaska, has presented to OFAC the final version of withdrawing his companies from sanctions, FT reports. He agrees reduce its stake in En + from 70% at present to less than 45% by transferring VTB shares, which is also on the US sanctions list. The plan has not yet been approved by OFAC.
According to FT sources, VTB will hold En + shares for a short time until the lifting of sanctions against Deripaska companies. This package will be voted by two US citizens approved by En +. Later, VTB will sell En + shares in the market, to cover loans provided earlier to Oleg Deripaska's companies.

[igorbrsv]

Probably important information, but nothing is clear. Translate in Russian please

[bouncyhunter]

Quote: rotmistr60

It’s better to let them sit in the Russian offshore than in Cyprus

How not to remember the proverb: "There would be no happiness, but misfortune helped." True, "happiness" looks very illusory ... Gena, hello!

[Sarmat Sanych]

And that's not all, the process has started in this direction. Usmanov's largest assets USM Holdings (Metalloinvest and Megafon) are being transferred from Cyprus to a Russian company and jurisdiction. All documents on the transfer of 100% of Metalloinvest's shares and 56,32% of Megafon's shares have already been signed to YueSem. The power engineering division of Severstal (Mordashev) - JSC Power Machines is also transferred to Russian jurisdiction. They start to fuss only when the rooster bites in the crown of the rooster.

[raw174]

Quote: Sarmat Sanych

They begin to fuss only when a roasted rooster pecks in the dark.

They are not fools and they are calculating everything. It will become more profitable there, go back.

[Sarmat Sanych]

So I'm talking about, another thing is that it will never be more profitable THERE. But the expropriation of the property of our nouveau riche people there is slowly starting, so inevitably have to be nationally oriented.

[Mih1974]

Gospada, where do people like you come from? Well, we are "expropriating" Deribaska's "rights" to RusAl, which is generally very difficult in itself - because the KGBFSB can kick out his protégés at factories in Russia, but it cannot rewrite contracts with foreign firms (they may disagree), and even less so can take control of what Deribaska owns abroad. And it was precisely these foreign "assets" that led to the fact that the United States "gave back" in relation to RusAl, so as not to ditch its aircraft and auto industry (well, Deribaska controlled most of the supplies to the United States, which they cannot replace with a word at all) ... Moreover, well, some kind of "FSB colonel" sat down in the director's chair, for example, KrasnoyarsAluminiy (conditionally), and what - that he will be in command, what does he understand in management, in the technology of aluminum production or its sale?
No, I am not defending Deribaska, who stole the aluminum industry from the people of Russia, but forgive me "expropriating" it wisely - now he will "transfer" a part of VTB shares and thus lose both profit and property, but neither technological nor economic chains are destroyed , but the protégé of VTB (this is by the way a state bank) can already (if indicated) begin to demand the revision of contracts and those chains in favor of Russia, "cut off" the channels for withdrawing profits and leaving Russia only pollution from the production of aluminum and sick workers.
But again, who can give this "protégé" such an instruction - the leaders of Russia who, in times of crisis, increase taxes and further finish off the economy? And the "supposed sale of a share to cover" - clearly means "donation" of these shares (property) to the right people. Maybe Putin personally "will buy out the president's salary", maybe Medvedev, or maybe they will sell Chubais - even that won't surprise me.

[Sarmat Sanych]

You are in a hurry in front of the engine and your own thoughts, saw the word and rushed like a bull on a red rag. We’re just not going to expropriate anything, but in the West, at our moneybags, it is COMPLETE.

[RUSS]

Putin pushed Trump , he, in turn, imposed sanctions, and now "everyone is at home", we pay everything to our treasury

[Tochilka]

Putin's Tricky Plan?

[kakvastam]

And what taxes are in our offshore? Probably ten thousand?
That’s the budget will be filled!

[Strashila]

And that only two zones and then along the edges of the country ... maybe they will do in the middle ... the same from the edge ... Father Dixon of the Krasnoyarsk Territory for example ... They are planning to develop the Arctic, so that will be in the subject.

[ZVO]

And what's the point?
how you didn’t pay taxes. they won’t be here either.

And sanctions are closing production at several mercury plants.

Even if 1000 people work at this plant, but subcontractors and suppliers. and service staff, and J infrastructure. which provided the plant. and electricians, power engineers, and there is very strong energy consumption, and merchants standing with products near the checkpoint - they all lose their jobs. also.

and it turns out that not 1000 people will be reduced. and 4-5 thousand will be left without funds for the future.

[Golovan Jack]

Quote: ZVO

how you didn’t pay taxes. so will not be here

"Here" is much more complicated. So there will be, there will be ...

Quote: ZVO

And the sanctions close the production at several plants of the channel ... and it turns out that not 1000 people will be reduced. and 4-5 thousand will be left without funds for the future

But this is true. And again, naturally, will "Putin be to blame"?

[Ingvar 72]

Quote: Golovan Jack

So there will be, will be ...

Sure?

From January 1, 2012, residents of special economic zones may apply a zero income tax ratecredited to the federal budget (paragraph 1.2 of Article 284 of the Tax Code).
The zero rate is applied to profits derived from activities carried out in the territory of the corresponding SEZ. A prerequisite for applying the preferential rate is the separate accounting of income (expenses) received (incurred) from activities in the SEZ and beyond (paragraph 1.2 of Article 284 of the Tax Code of the Russian Federation). Residents keep separate records of income and expenses in the generally established manner in accordance with applicable law (letter of the Ministry of Finance of Russia dated 26.10.11 No. 03-11-10 / 55).

And again, naturally, will "Putin be to blame"? wink

No, of course - it's Trump!

[Golovan Jack]

Quote: Ingvar 72

Sure?

Absolutely.

Quote: Ingvar 72

residents of special economic zones may apply a zero rate on income tax credited to the federal budget

Income tax is far from the only tax. Payments from the payroll, for example, have not been canceled. As well as various environmental, etc. taxes and fees.
That is, the budget will still drip a little more than now.

It is strange to explain such simple things to a person who, without embarrassment, writes:

Quote: Ingvar 72

... I have an economic education ...

Quote: Ingvar 72

it's all trump

Fat, fat

[Ingvar 72]

Quote: Golovan Jack

Payments from the payroll, for example, no one has canceled

С PHOT deductions go in ANY case, regardless of registration.

Quote: Golovan Jack

It is strange to explain such simple things to a person who, without embarrassment, writes:

Yes, Kitty - I have an economic education. But besides this, I also know how to think, and not just be clever, like some. Transport tax in the SEZ is not paid, land is not paid, property tax is not paid, and VAT is not paid. So what taxes will they pay with us (except for those that have already paid), and Kitty?

[YarSer88]

Quote: Ingvar 72

land is not paid, property tax is not paid, VAT is not paid

What are you saying? They still pay VAT and will continue to pay. Only simplistic people do not pay it. Offshore tax exemption only taxes. Plus, you can hide part of the information, which otherwise should be freely available. In fact, in the conditions of a turbulent foreign policy, it is more important to keep key assets at home than to fight for income tax (on a budget scale - not such an astronomical amount, but taking into account the stalled aluminum market - there is probably no profit there than there is ), under the pretext of sanctions, offshore countries can also nationalize assets. Here, of course, confidence in this offshore is being compromised, but France was not afraid to cancel the deal on the Mistrals. You can always refer to Russia as the sponsor of terrorism, saying that if you are not a sponsor of terrorism, you have nothing to fear. Pro-American countries will swallow such a reason, they will not rush to transfer assets.

[Cube123]

Quote: Golovan Jack

Quote: Ingvar 72

Sure?

Absolutely.

Quote: Ingvar 72

residents of special economic zones may apply a zero rate on income tax credited to the federal budget

Income tax is far from the only tax.

Roman, you omitted the main part of Igor’s quote:

The zero rate is applied to profits derived from activities carried out in the territory of the corresponding SEZ.

Those. you can not pay the tax on savings on handles in an office in the territory of the SEZ, and not pay income tax on activities in the rest of Russia - it will not work.

[Golovan Jack]

Quote: Cube123

you can not pay the tax on savings on handles in an office in the territory of the SEZ, and not pay income tax on activities in the rest of Russia - it will not work

Oh how

Yes, I slowed it down a lot ... although, IMHO, I’m not the first

Quote: Ingvar 72

Transport tax in the SEZ is not paid, land is not paid, property tax is not paid, VAT is not paid

After that, the person writes:

Quote: Ingvar 72

I have an economic education

It was once, Igor ... was, and passed, after limitation, to search, years

[BVS]

Quote - "" Here "is much more complicated. So there will be, there will be ..."
Alas, but no, because he will register in special administrative regions with special economic status. and no fee to the Russian budget.

[Golovan Jack]

Quote: bvs

He will register in special administrative regions with special economic status. and no fee to the Russian budget

Read above - everything is there, as a specialist for you, painted. Including about "special areas"

[Sarmat Sanych]

So far, Rusal has not closed any factories. And at his factories, by the way, not 4-5 thousand work, but 10 times more. Rather, the state represented by VTB will become the owner of Rusal for the debts than will close those factories, they are city-forming. Moreover, the presidential aide has already said that the transfer of the company to state ownership is "not excluded."

[ZVO]

Quote: Sarmat Sanych

So far, Rusal has not closed any factories. And at his factories, by the way, not 4-5 thousand work, but 10 times more. Rather, the state represented by VTB will become the owner of Rusal for the debts than will close those factories, they are city-forming. Moreover, the presidential aide has already said that the transfer of the company to state ownership is "not excluded."

Rusal exported 80% of its products.
80%.

there is no such sale in the Russian Federation and there will not be another 20-30 years.
We do not have such consumption.

Europe will not buy the same.

Where to put products?

And they planned to close 2-3 plants. Just oriented to the usa.

[Sarmat Sanych]

In order to talk about this company, you need to know the structure of its exports. Matrasia did not even account for 15% of the supplies. Another thing is that the ban on the use of dollar accounts restricts work with Asian, Middle Eastern and European consumers, but nevertheless, Rusal has already returned more than 65% of the fall in turnover, so it will get out. In general, the article dealt specifically with re-registration, which is not bad.

[Sarmat Sanych]

For your information:

Rusal's net profit for the first six months of 2018 under the IFRS amounted to $ 952 million, about 2 times more than last year. Aluminum production increased by 2% over six months.
Export data is still available for January-May. In April, after the introduction of a well-known package of sanctions, frightened traders went into rejection and Russian exports of unprocessed aluminum and alloys from it dropped to 204 thousand tons from an average 300. But in May it jumped to 456 thousand tons. The compressed spring straightened.
In general, in January-May 2018, 1548 thousand tons were produced for the amount of $ 2.96 billion. In January-May 2017, there were 1442 thousand tons worth $ 2.5 billion. It turns out that Rusal sold 5 thousand tons more metal abroad in 106 months of this year and took an additional $ 179 for each ton. So the Americans have fired up the aluminum market with their idiotic quirks.
It will be interesting to see what happens next. How will the world economy cope if 17% of the metal actually leaves the market? Perhaps, China could quickly replace such a quantity. But they have a law prohibiting the export of unprocessed aluminum. And the trade war is raging with might and main. The Americans themselves have 67% of the capacity in the industry idle, but even at current prices, their products are unprofitable. And with further growth in prices, auto and aviation industrialists will win like a wolf. Plus, the allies are crying, whose enterprises are built into Rusal's technological chains. In short, we will follow with interest this episode of the global mess. Well, hope, of course, that the government will implement the announced plans to develop deep processing of aluminum and increase domestic demand for it. If not to the South Korean (15 kg per person per year), then at least to the European level (10 kg). The current 5 kg per brother and sister is extremely small, there are prospects for growth.

[igorbrsv]

Give sanctions to the oligarchy!

[Jerk]

Washington Regional Committee - Certificate of Merit! And a free ticket ... Where - you know)))

[NKVD]

What Rusal is it if not registered in Russia? Who owns this enterprise, let it be so called, why hide behind the name of the country.

[ANCIENT]

In Kolyma, they have a place for both registration and imprisonment! At the same time, they will work for the benefit of Russia! The hucksters, on occasion, will just as easily get out of the country, and how many more "mermaid" companies do we have that are diving loot from taxes and the budget of Russia? They are innumerable, and here really, sanctions really help us! !!

[Piramidon]

Quote: ANCIENT

In Kolyma, they have a place both for registration and for imprisonment

Who will plant him? This is an "outstanding Russian businessman".

In the businessman's piggy bank, the Order of Friendship, three times he was declared the entrepreneur of the year. In 2014, he was awarded the Order of Alexander Nevsky. In the same year he was awarded the title of Laureate of the Prize of the Ministry of Culture of the Russian Federation “Patron of the Year of Culture”. Russian Foreign Minister Sergei Lavrov called Oleg Deripaska "One of the outstanding business leaders of our country."

Next: https://uznayvse.ru/znamenitosti/biografiya-oleg-deripaska.html

[mikh-korsakov]

I don’t understand "Rusal" decided to think about re-registration, or are they already doing this? If they just decided to think about it, then it's not a fact that they will do it. Our oligarchs' love for foreign offshore companies is indestructible, even if they are beaten, they will whine and lick the owner's ass. Therefore, Russia will not have an economic breakthrough, because big business is corrupt.

[Snail N9]

Do not flatter yourself about "paying taxes on the territory of Russia." The company can generally be split up and re-registered in parts. And besides, what about the "VAT refund"? In Russia, they learned well how to "optimize" the "tax burden" ....

[Golovan Jack]

Quote: Snail N9

The company can generally split up and re-register in parts

It is unlikely. Deripaska is not in the right position now to vomit strongly

Quote: Snail N9

And besides, what about the "VAT refund"?

What does this have to do with? Words would be learned first, or something

[soul]

Quote: Wolverine

"Rusal" must be nationalized

All right. And then today to the Russian offshore, and tomorrow back somewhere to Belize.

[Million]

Sanctions benefit the Russians)

[K-50]

Correctly under Stalin, lead lobotomy was carried out at the top, so that the "banks" would not be lost.
The current "tops" feel equal to the gods, although even a generation ago they were ordinary men. By chance, they took off and lost the sense of reality. Well at least the enemies sometimes let them down to the ground. Thanks to them for that.

[kunstkammer]

Quote: Sergey ui

All for the benefit of Deripaska)

God forbid, heaps will offend Java !!!
Remember the fierce enemy! The whole country will stand up for protection beloved Deri-pas-paski! Hold on Olezhek Volodimirovich!
Ole .. ole .. ole .. ole ..
Come on Dziuba!

[faterdom]

It will be necessary to award Trump at the end of his mission! ARCHIVAL! He will raise our economy by one or two, we don’t even need to build and invest anything, just to drive the stupid Penguins from offshore eggs on which they so comfortably hide their fat body in the cliffs. And then for sure ... there’s no cloud dancing, but enough to raise the minimum pension to $ 900 without any wobble in the retirement age.

[afrikanez]

In what territory the enterprise is located, registration should be made there. Why everything is possible with us is not clear. It’s easier to change the law than creating offshores. (Follow the thieves and robbers)

[flicker]

ATP to our American "partners". Trump is our agent

[igorbrsv]

Even a tax amnesty did not bring such successes for the return of capital, as Trump did

[Comrade Kim]

So what happens? - Thanks to the US sanctions that return the companies to their "home harbor" ..
That's right, our dear lawmakers and executors did not hit a finger in order to squeeze the "Faberge" to the plunderers of the subsoil that once belonged to the people.
But this is not even half measures, but a cheap ersatz.
It must be remembered to whom, under the Constitution (before the US-Yeltsin), the subsoil, factories, and land belonged.