Research On The Legal System Of Market Access Of Russian Foreign Investment

Attracting foreign investment to the Russian economy is getting particularly relevant.No matter which country,foreign economic liberalization is the development trend of all countries.Every country is interested in attracting foreign investment to its national economy.Each state tries to create and provide the most favorable conditions for investment activities.This is achieved mainly through the establishment of a legal regime for foreign investment,which determines the basis for the activities of foreign entrepreneurs.This,in turn,determines the vulnerability of a foreign investor engaged in entrepreneurial activity in the territory of a foreign state and subject to its jurisdiction.Because of this vulnerability,that is very important that investment legislation should be established with the clear and concise rules regarding the mechanism for admitting a foreign investor to the national economy,the legal forms of investment,and the provision of guarantees for the protection of foreign property.Despite the more than ten-year practice of making foreign investments in the domestic economy,Russia today occupies a very modest place in the world community in terms of attracting foreign investment.The reason for this lies not only in the existing political and economic instability,but also in the absence of proper legal regulation of key issues related to the legal regime of market access of foreign investment.These situations determine the obvious need for a comprehensive and scientific research on all aspects of the Russian Federation and the specific situation of the legal system of Russian foreign investment market access.This scientific paper consists of five parts;the first part defines “the market access”.The second part address the problem of certification of goods in the Russian Federation for foreign manufacturers.Also,a list of goods for mandatory certification,conditions and certification requirements for the sale of goods in the Russian Federation.The third part explores restrictions for foreign investors and the legal consequences of non-compliance with the rules of Russian law.The fourth part draws attention to the process of registration and liquidation of enterprises with foreign capital and the special policy in special economic zones.As for the establishment of a limited liability company by a foreign investor in the territory of the Russian Federation,the procedures for the registration and liquidation of a foreign citizen limited liability company are the same as those for a Russian citizen.The only difference is that foreigners need a notarized translation of their passports.The founder of LLC,foreign citizens,pays taxes in the same way as Russian ones.The fifth chapter analyzes the problems existing in the legal system of foreign investment access to the market,such as the rights of normal production and operation,the rights of confidentiality and the rights of investment decision-making,which were not fully implemented.Secondly,it analyzes review policy and the legislative orientation of the Russian market access.At last,review conflict of the impact of anti-Russian sanctions on the market access is studied.Also,the ways of the solution of existing problems.