Encyclopedia

Nominal Ownership Agreement of Property


A nominal ownership agreement is an agreement concluded in accordance with the legislation of a foreign state, under which the property rights of a physical person are transferred to another party, who exercises these rights on behalf of and (or) at the request of this physical person1.

  1. Federal Law No. 140-FZ dated 08.06.2015 "On Voluntary Declaration by Physical Persons of Assets and Bank Accounts (Deposits) and on Amendments to Certain Legislative Acts of the Russian Federation". 2015, amended on 2015-06-08, Article 2, paragraph 2. ↩

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