Latest News

Companies may be exempted from fines

Minister of Finance suggested that fines should not be applied to small and medium-sized companies if they committed an offense for ...

Sep, 17 2019


How to avoid accounts blocking

On July 26, 2019, Russian Central Bank has published recommendations that can help companies to avoid blocking of their assets. Account ...

Sep, 10 2019


Acquiring of a TRP in Russia will be simplified

The Russian State Duma has adopted amendments to Law on «legal status of foreign citizens in Russia» and a number of ...

Sep, 05 2019


Remote notarial services

On July 15, 2019 the Russian Government introduced a draft law that will change the Law on notaries. Due to this ...

Aug, 30 2019


Taxation of digital assets

Lawyers start to develop the system of taxation of digital assets. The preparation of this system is going to be realized ...

Aug, 20 2019


Opening bank account for a foreign organization

Due to recent amendments to the legislation on tax registration of foreign organizations, we decided to make a brief overview on ...

Aug, 13 2019


Biometrics banking services

The Bank of Russia (CBR) is going to launch a pilot project in servicing corporate clients from 2020. This project with ...

Aug, 06 2019


Plenum of Supreme Court on intellectual property

On April 23, 2019 Plenum of Supreme Court adopted Resolution concerning intellectual property. The Resolution replaces previous, 10-years old Resolution. New ...

Aug, 01 2019


Business protection from criminal responsibility

Draft law aimed at protection of entrepreneurs and senior executives against baseless criminal prosecution has been introduced to the Russian Parliament. ...

Jul, 24 2019


New Administrative Code

Russian government has published concept of new Administrative Code. Main purpose of adopting the new code is to change its structure and ...

Jul, 16 2019


Employment agreement in e-form

The draft law has been submitted to the State Duma providing possibility to conclude Employment agreement by means of document exchange ...

Jul, 08 2019


VALEN Partner office in Munich

In June 2019 Valen opened partner office in Munich, thereby strengthening the company’s presence in Germany.   Similarly to the head ...

Jul, 03 2019


New criteria for tax residence

Ministry of Finance proposes to decrease the term of stay in Russia sufficient for considering natural person as tax resident from ...

Jul, 02 2019


New type of Russian visa for foreigners

President of the Russian Federation Vladimir Putin has ordered introduction of a universal single-entry e-visa for foreigners arriving in Russia from ...

Jun, 25 2019


Electronic signature – changes

The law “On electronic signature” is supposed to be changed. According to new amendments, only the Federal Tax Service will be ...

Jun, 18 2019


Standart Articles for LLC

On June 24th the Order will come into force that will enable LLC to adopt Standart Articles which will be a more ...

Jun, 11 2019