#6 - JRL 7225
RUSSIA: NEW LAW ALLOWS NON-RESIDENTS TO TAKE UP PRIVATE FARMING
MOSCOW, JUNE 16 (RIA NOVOSTI) - A federal law on private farming, to enter into force tomorrow, June 17, authorises non-residents to establish private farming in Russia.
The law stipulates legal, economic and social bases of private farm establishment and activities, and guarantees personal rights to establish farms and act independently.
The law defines a private farm as a unit of private persons in kinship and/or relationship, who possess common property and together directly engage in production and/or other economic activities. A private farm may be established by one person.
A private farm shall not establish a juridical person for entrepreneurial activities.
The law prohibits intervention by federal and local self-government agencies in economic and other activities of private farmers with the exception of instances stipulated by Russia's acting legislation.
The law authorises Russian and foreign citizens, and stateless persons to establish private farms.
The law stipulates the establishment procedure, offers a standard list of property, movables and livestock, the order of possession and use thereof, and of property distribution in case one of the co-holders leaves a private farm. Landed property and means of production shall be immune to division.