TKS transferred 95% of CloudPayments from a Cypriot offshore to Russky Island

T-Bank transferred 95% of Cloudpayments LLC (the Russian legal entity of the CloudPayments payment service) from TCS Group Holding PLC, a company registered in Cyprus, to MKPO TCS Holding with legal domicile on Russky Island. Information about the change of LLC participant appeared in the Unified State Register of Legal Entities on June 19.

“We are a subsidiary of T-Bank. The company’s shareholder is MCPAO TKS Holding, which previously completed the redomiciliation to Russia,” CloudPayments explained to RB.RU.

In the same way, the participants of several other “daughters” of the ecosystem changed.

In an interview with Vedomosti, the head of the board of directors, Stanislav Bliznyuk, said that after the introduction of EU sanctions in February 2024, TCS Group, at that time the parent company of the Tinkoff ecosystem (now T-Bank ), began studying the option. of re-registration from the Cypriot jurisdiction.

In February, TCS Group was reported to have completed its re-domiciliation from Cyprus to Russia. The group’s new parent structure, MKPAO TKS Holding, was registered on February 26 in the special administrative region (SAR) of Russky Island. Residents of the SAR receive tax and administrative benefits, and the Russian economy receives an influx of additional capital due to the withdrawal of companies from offshore companies.

According to the Unified State Register of Legal Entities, CloudPayments LLC’s revenue in 2023 amounted to 2.2 billion rubles, and net profit – 36.9 million rubles.

In 2014, Dmitry Spiridonov, together with Konstantin Yan, launched the CloudPayments payment service. In 2017, Tinkoff acquired control of the company (55%). Subsequently, in 2019, the group increased its share in the service to 90%. Shortly after, Konstantin Yan left the project and sold 5% of Tinkoff.