The Ministry of Economic Development of the Russian Federation has developed changes that simplify the creation and regulation of personal funds in the country, helping to effectively manage assets during the life of an entrepreneur and after his death. This was reported by RBC Referring to two bills amending the Civil Code and some federal laws.
A “personal fund” is a fund that is inherited for life. This term appeared in Russian legislation in 2022 as an alternative to private foundations and foundations. It is created by a citizen to manage property, and one of the conditions for its creation is the transfer to the person of property with a market value of at least 100 million rubles.
The publication notes that the inheritance of property after the death of the personal fund founder occurs not according to the rules of inheritance law, but according to the rules approved by the founder.
First Deputy Head of the Ministry of Economic Development Ilya Torosov explained that the simplification of personal funds regulation is aimed at stabilizing the management of Russian companies and accelerating the transfer of assets to the jurisdiction of the Russian Federation.
Before this, the State Duma had made the following call: release Students and conscripts are exempt from paying fees to obtain an inheritance certificate.
Previously British Foreign Secretary David Cameron statedLondon is ready to lend Ukraine “all frozen assets” of the Central Bank of the Russian Federation in the Kingdom.