PowerPoint Presentation

Key Legislative Reforms - new property and organizational forms cont.

•Foreign Investment

–May 1991 Union parliament adopts – Principles of Legislation on Foreign Investments in the USSR

•Reaffirms right of 100% foreign capital

•Expanded range of foreign investors allowed:

–Juristic persons, stateless persons, foreign states, international organizations

–Types of allowable enterprises

•Joint Ventures

•Joint-Stock companies

•Limited-liability companies

•Partnerships

•Individual proprietorship firms

•Granted concessionary rights for development of natural resources to foreign investors

•Addressed questions of the establishment of and procedures governing activities of enterprises within so-called “free-economic zones” (FEZ)