B. Match the verbs with the nouns.

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B. Match the verbs with the nouns.

1) set uр

agreement

2) carry out    

funds

3) develop      

profit

4) satisfy

product

5) sign

transactions

6) raise

account

7) covег

protocol of intent

8) manufacture

requirements

9) conclude

joint venture

10) ореn

relations

11) make

objective

C. Use proper prepositions:

has bееn registered ... the Ministry of Finance

the agreement … partners

is managed... а Board … Directors

contribution ... kind оr... cash

in proportion ... the share... the authorized fund

mау bе transferred … Russia ... foreign countries

... way... import substitution

is exempt... the profit tax … 2 years

D. Find synonyms to the following words:

to establish, to determine, to form, to satisfy, to be taxed, to take part, to decrease, needs, goal, national, principal, by means of, juridical, tax-free.

E. Give Russian equivalents to the following words:

by means of, tax-free, in the early 1920s, authorized fund, tax-deductible, the rest of, to satisfy the requirements, to sign a Protocol of Intent, to be subject to the tax, due to, annual deductions, to recover initial contributions, is obliged, may be placed, in one’s own name, overwhelming majority, cease to exist.

F. Answer the following questions.

1) What kind of organizations are called “joint ventures”?

2) When were joint ventures set up in our country for the first and for the second time?

3) When did the overwhelming majority of joint-stock companies in the territory of Russia cease to exist?

4) What are the main features of interest to Russian participants nowadays?

5) What document is signed if the Parties want to form a partnership&

6) In what case does a joint venture become a juridical person?

7) What are the most important documents for the application procedure?

8) What body is a joint venture managed by?

9) How is the authorized fund formed?

10)  In what way is the reserve fund formed?

11)  Why is the research and development fund exempt from tax?

12)  In what proportion is the profit divided between the partners?

13)  How can foreigners’ profits be transferred from Russia to foreign countries?

14)  Is joint venture a legal or a physical person?

15)  What can a foreign participant do in case of dissolution?

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