Article 22. Residents of the Center

Legal entities carrying out their activity within the territory of the Center in the types of activity approved by the Governing Council shall be recognised as residents of the Center.

In the Center, legal entities may carry out activity in the forms provided for by the resolutions of the Center, including in the following organisational and legal forms:

in the form of a legal entity established in accordance with the law applicable within the territory of the Center;

in the form of a legal entity established outside the jurisdiction of the Center;

as a branch or representative office of a foreign legal entity, as well as another entity permitted to carry out activity in the manner established by the resolutions of the Center.

The status of resident of the Center shall be granted following completion of the procedures for the registration of the legal entity and entry into the register of participants of the Center, in the manner established by the resolutions of the Center.

The resolutions of the Center may establish, with respect to residents, additional requirements and criteria, including:

the types and conditions of activity carried out;

the procedure for registration and the conduct of activity;

the grounds for and procedure for the suspension or termination of resident status.