The current legislation provides that enterprises with foreign investments are subject to state registration.

Also subject to state registration are all modifications and amendments to incorporations documents of the already registered enterprises with foreign investments and their affiliates and the information concerning their liquidation.

Modifications and amendments to incorporation documents take effect only upon their registration.

A registration certificate of an established form is issued to a registered enterprise with foreign investments.

Enterprises with foreign investments acquire the rights of a legal entity from the date of their registration.

The refusal to register an enterprise may be appealed in a court.

In pursuance of the Decree of the Russian Federation President No. 1466 of September 27, 1993 "On Improvement of Work with Foreign Investments" (Collection of Acts of the President and the Government of the Russian Federation, 1993, No. 40, p. 3740) the Government of the Russian Federation issued Ordinance No. 655 of June 6, 1994 "On the State Registration Chamber at the Ministry of Economics of the Russian Federation" which established a State Registration Chamber at the Ministry of Economics of the Russian Federation, said Chamber having a status of a government agency. (Telephones for inquires: 246-04-11. 246-64-60).

The aforementioned government ordinance charges the State Registration Chamber with keeping a state register of representative offices of foreign companies accredited in the territory of the Russian Federation regardless of their previous accreditation and with registration of Russian investments abroad.

The Decree of the Russian Federation President No. 1482 of July 8, 1994 approved the Regulations "On the Procedure for State Registration of Business Enterprises" which, in contrast to the previous procedure, lays down that the charter capital of an enterprise with foreign investments (regardless of the corporate form of the enterprise) must not be below a sum equal to 1000 times the minimum monthly wage established by the legislation of the Russian Federation as of the date on which the incorporation documents are submitted for registration.

The following documents are required for state registration of enterprises with foreign investments:

For joint ventures (of corporate forms indicated in the Civil Code of Russia):
a. written application of the promoters for registration of the new enterprise;
b. notarized copies of the incorporation documents;
c. for Russian legal entities - a notarized copy of the decision of the property owner to establish the enterprise or a copy of the resolution of a body authorized by the owner and notarized copies of the incorporation documents for each Russian legal entity participating in the establishment of a Russian legal entity;
d. a document certifying solvency of the foreign investor issued by a bank servicing the investor or by another credit-financial institution (with a certified Russian translation);
e. an extract from the Trade Register of the country of origin or other equivalent proof of the legal status of the foreign investor in accordance with the legislation of the country of the investor's location, citizenship or permanent residence (with a certified Russian translation).

For enterprises fully owned by foreign investors:
a. a written application for the registration of the foreign enterprise;
b. notarized copies of the incorporation documents (in duplicate);
c. a document certifying solvency of the foreign investor issued by a bank servicing the investor or by another credit-financial institution (with a certified Russian translation);
d. an extract from the Trade Register of the country of origin (with a certified Russian translation);
e. reports of appropriate experts in cases provided by law.

For affiliates of enterprises with foreign Investments and affiliates of foreign legal entities:
a. an application for registration signed by the manager of the enterprise which is establishing the affiliate;
b. a notarized copy of an extract from the resolution of a competent governing body of the enterprise on the establishment of the affiliate;
c. notarized copies of the affiliate's statute (in duplicate);
d. notarized copes of the incorporation documents of the enterprise which is establishing the affiliate;
e. for a foreign legal entity - an extract from the Trade Register of the country of origin or other equivalent proof of the entity's legal status in accordance with the legislation of the country where the legal entity is located (with a certified Russian translation);
f. expert opinions in cases provided by law