Russia: NSD publishes updated list of countries that may provide COTR without apostille


On 9 January 2017, the National Settlement Depository (NSD) published on their website an updated List of Countries with which the Russian Federation has mutually agreed to accept Certificates of Tax Residency (COTR) without an apostille stamp or consular legalisation.

The updated list now includes the following countries:

  • China
  • Hong Kong
  • Latvia
  • Luxembourg
  • Malta
  • Singapore
  • Switzerland

Customers are reminded that the COTR must cover the date of the income payment event date to which the request relates to. The COTR is however, only to be provided to Clearstream Banking1 in the event of an ad-hoc disclosure, requested during an audit for Russian equities and must in other cases be kept by the customer.

NB: The above list of countries is applicable for the tax procedure applied on the domestic market. The tax procedure applicable to Russian Depository Receipts (DR’s) is received from the DR agents and communicated to customers separately.

We continue to monitor the information available on the market and will provide more information as it becomes available.

Further information

For further information, please contact the Clearstream Banking Tax Help Desk, Clearstream Banking Client Services or your Relationship Officer.

1. Clearstream Banking refers collectively to Clearstream Banking S.A., registered office at 42, avenue John F. Kennedy, L-1855 Luxembourg, and registered with the Luxembourg Trade and Companies Register under number B-9248, and Clearstream Banking AG (for Clearstream Banking Frankfurt (CBF) customers using CreationOnline), registered office at 61, Mergenthalerallee, 65760 Eschborn, Germany and registered in Register B of the Amtsgericht Frankfurt am Main, Germany under number HRB 7500.