Yandex NV was incorporated in Netherlands. It is an internet company in Russia operating search engine. The Company offers search, location-based, personalized and mobile services that are free to its users and that enable them to find relevant and objective information. Some of them are Yandex Search, Yandes Homepage, Specialized Search Services, Yandex News, Yandex Market, Kinopoisk.ru and other specialized search. It also offers personalized services such as Yandex.Mail, yandex Disk. Other services offered by the Company include Yandex Maps, Yandex Taxi, yandex Navigator, Yandex Browser. Additionally, it offers mobile applications. This application supports mobile phones, tablet devices, internet-connected TVs and navigation devices. The Company operates in Russia, Ukraine, Belarus, Kazakhstan and Turkey. It faces competition from players such as Google and local players such as Mail.ru, both of which offer proprietary search and other services. The Company is subject to an extensive and constantly developing legal framework resulting in a number of laws and regulations in Russia and other jurisdictions applicable to the internet business.