Project Group №2 →
Corporate law and governance, financial transaction taxes
Project Group №1
Financial infrastructure and financial market regulation
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30k-Plus Individual Investment Accounts at MOEX
02.07.2015 12:00 / TASS
MOEX states that most accounts in June were opened by clients of Sberbank, Otkrytie, Finam, BKS and Aton.
NAUFOR estimates that in 5 years, IIAs could be worth over RUB 1 trillion.
According to Russian law, from 1 January 2015, private individuals can open an Individual Investment Account with a broker or asset management company. IIAs are subject to investment tax benefits. Maximum IIA deposit is RUB 400k per annum. The money can be invested in stock market instruments, such as shares, sovereign and corporate bonds, including Eurobonds, stock exchange funds and share investment funds.
Taxation of financial transactions, Trading infrastructure, Project Group №1