Promotion of Investments. 1. Each Contracting Party shall promote investments in its territory by investors of the other Contracting Party and shall accept such investments in accordance with its legislation.
2. In particular, each Contracting Party shall authorize the conclusion and the fulfilment of licence contracts and commercial, administrative or technical assistance agreements, as far as these activities are in connection with such investments.
Promotion of Investments. 1. Either Contracting Party shall encourage and create favourable conditions for its natural and jur idical persons to invest in the territory of the other Contracting Party.
2. Either Contracting Party shall encourage and create favourable conditions for the natural and juridical persons of the other Contracting Party to invest in its territory.
Promotion of Investments. Each Contracting Party shall encourage and create favourable conditions for nationals and companies of the other Contracting Party to invest capital in its territory and, subject to its rights to exercise powers conferred by its laws, shall admit such investments.
Promotion of Investments. (1) Each Party shall, subject to its general policy in the field of foreign investment, encourage investments in its territory by investors of the other Party, and, subject to its right to exercise powers conferred by the domestic law of its country, shall admit such investments.
(2) Each Party shall grant, in accordance with the domestic law of its country, the necessary permits in connection with such investments and with the carrying out of licensing agreements and contracts for technical, commercial or administrative assistance.
(3) In order to create favourable conditions for assessing the financial position and results of activities related to investments in the territory of a Party, that Party shall - notwithstanding its own requirements for bookkeeping and auditing - permit the investment to be subject also to bookkeeping and auditing according to standards which the investor is subjected to by his or its national requirements or according to internationally accepted standards (such as International Accountancy Standards (IAS) drawn up by the International Accountancy Standards Committee (IASA) ). The results of such accountancy and audit shall be freely transferable to the investor.
Promotion of Investments. (1) Each Party shall, subject to its laws and regulations in the field of foreign investment, encourage investments in its territory by investors of the other Party, and, subject to its right to exercise powers conferred by its laws, shall admit such investment.
(2) Each Party shall grant, in accordance with its laws and regulations, the necessary permits in connection with such investments and with the implementation of licensing agreements and contracts for technical, commercial or administrative assistance.
Promotion of Investments. 1. Either Contracting Party shall encourage its nationals to invest in the territory of the other Contracting Party.
2. Either Contracting Party shall, within the framework of its laws and regulations, create favourable conditions for attraction of investments of nationals of the other Contracting Party in its territory.
Promotion of Investments. Each Contracting Party shall encourage and create favourable conditions for investors of the other Contracting Party to make investments in its area.
Promotion of Investments. 1. Each Contracting Party shall, as far as possible, encourage investments in its territory by investors of the other Contracting Party, and shall, subject to its laws, admit such investments.
2. Each Contracting Party shall grant, in accordance with its laws, the necessary permits in connection with such investments and with the carrying out of licensing agreements and contracts for technical, commercial or administrative assistance.
3. In order to create favourable conditions for assessing the financial position and results of activities related to investments in the territory of a Contracting Party, that Contracting party shall - notwithstanding its own requirements for bookkeeping and auditing - permit the investor to apply, regarding his or its investment, the bookkeeping and auditing standards which the investor is subjected to by his or its national requirements or internationally accepted standards (such as International Accountancy Standards (IAS) drawn up by the International Accountancy Standards Committee (IASC)). The results of such accountancy and audit shall be fully available for use by the investor.
Promotion of Investments. (1) Each Contracting Party shall promote in its territory investments by investors of the other Contracting Party and shall admit such investments in accordance with its laws and regulations.
(2) The present Agreement shall apply to investments made by investors of either Contracting Party in conformity with the laws and regulations of the other Contracting Party in its territory from 1 January, 1973.
(3) The present Agreement shall in no event be applicable to divergencies or disputes which have arisen prior to its entry into force.
Promotion of Investments. The Contracting Parties shall, within the limits of their respective legislation, promote the creation of favourable conditions for joint ventures established by Finnish and Soviet natural persons or bodies corporate on the basis of investments made under the provisions of this Agreement. Particular attention will be given to the profitability and self-financing of joint ventures and the production of modern goods that are competitive on the world market. In order to achieve these goals, appropriate conditions for the commercial activity of joint ventures shall be created, including, in particular, the provision of raw materials, energy, manpower, transportation and financial billing services.
