Natalia Diatlova told Pravo.ru about the nuances of a foreign notary certifying the signature of the sole participant in a Russian business

Pravo.ru legal media prepared a brief guide to doing business in Russia from abroad. The media drew attention to the incomplete adaptation of legislation for remote business management, but highlighted a number of effective mechanisms, including issuing a power of attorney to a trusted person or transferring the business to trust management, expanding/confining the powers of company management bodies, appointing/electing “additional” company management bodies (board of directors, collegial executive body).

At the same time, the law does not always permit a waiver of the notarial procedure. Natalia Diatlova, Partner and Head of Corporate Law practice at Maxima Legal, told Pravo.ru that a foreign notary can certify the signature of a sole participant. “But then it is necessary to put an apostille, which requires additional time and expenses. And if the country does not have a double taxation treaty with Russia (for example, the UAE), then legalisation rather than apostille is required, which will take even more time”, the expert warned.

To read the full article (in Russian) please visit Pravo.ru website >>>