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A holding structure of Sovcombank is registered in the SAR on Oktyabrsky Island (Kaliningrad Region)

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On Friday, September 3, the registration in the order of redomiciliation of the International Company of Joint Stock Company Sovko Capital Partners, which owns 86.5% of shares of PJSC Sovcombank, was completed. The company was re-registered from Luxembourg based on the decision of the shareholders of the holding company.

"The main business of Sovco Capital Partners is concentrated around Sovcombank, therefore, as soon as an opportunity arose, namely, a relatively simple procedure for re-registration of the company was formed, and a clear legislative framework was created, the shareholders decided to transfer the holding company to the jurisdiction of the Russian Federation," said the Chairman of the Board of PJSC Sovcombank Dmitry Gusev.

As reported on the official website of Sovcombank, MKAO Sovco Capital Partners (formerly Sovco Capital Partners S.à rl) is a holding company that belongs to a group of Russian businessmen, including the founders of the bank, key members of the Bank's management and Supervisory Board, but is not under control of any ultimate owner. In 2021, the company changed its country of registration from the Kingdom of the Netherlands to the Grand Duchy of Luxembourg, after which it was re-registered at a special administrative region on the territory of Oktyabrsky Island (Kaliningrad Region). Sovco Capital Partners has been a tax resident of the Russian Federation since January 1, 2016.

You can find out about the functioning of the special administrative region on the territory of Oktyabrsky Island (Kaliningrad Region), find useful contacts, and ask a question to representatives of the management company (the functions are assigned to the Joint Stock Company “Kaliningrad Region Development Corporation”) on the official website of the management company - russiasar.com.


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