license

Trust management is an activity licensed by the Russian state. The management company should also have a license for trust management., and from an individual trader, which offers such services.

St.. 14.1 Code of Administrative Offenses of the Russian Federation: Carrying out entrepreneurial activity without special permission (License), if such permission (such a license) necessarily (Required), - entails the imposition of an administrative fine on citizens in the amount of twenty to twenty five times the minimum wage with confiscation of manufactured products, tools of production and raw materials or without them; for officials - from forty to fifty times the minimum wage with confiscation of manufactured products, tools of production and raw materials or without them; for legal entities - from four hundred to five hundred times the minimum wage with confiscation of manufactured products, tools of production and raw materials or without them.

St.. 171 Of the Criminal Code of the Russian Federation: Carrying out entrepreneurial activity without registration or in violation of registration rules, as well as submission to the authority, carrying out state registration of legal entities and individual entrepreneurs, documents, containing deliberately false information, or carrying out entrepreneurial activities without special permission (License) in cases, when such permission (license) necessarily, or in violation of licensing requirements and conditions, if this act caused major damage to citizens, organizations or the state, or is associated with the extraction of income on a large scale, shall be punishable by a fine in the amount of up to three hundred thousand rubles, or in the amount of the wage or salary, or any other income of the convicted person for a period of up to two years, or compulsory work for a period from one hundred and eighty to two hundred and forty hours, or arrest for four to six months.