Blog Registration of a company abroad
The settlement account of a foreign company in Russia is a deposit opened in one of the Russian banks for mutual settlements with counterparties and other domestic and international financial transactions. It is important to take into account that any foreign company that operates in Russia has the right to open a current account with an authorized banking institution. This right is prescribed in Article 13 of Federal Law No. 173-FZ dated 10.12.2003 “On Currency Regulation and Currency Control”. What needs to be done for this, we will tell you in this article.
Navigating corporate governance Russia is a critical endeavor for any foreign business looking to thrive in one of the most complex regulatory environments in the world. The intricacies of corporate compliance Russia can be daunting, but it’s not an impossible task if approached with the right mindset and guidance.
Unfriendly countries are foreign states that commit actions of an unfriendly nature against Russians and Russian companies. According to the state authorities of the Russian Federation, these actions consist in the introduction of economic and political sanctions, the expulsion of diplomats, the tightening of visas for Russian citizens and other prohibitive or restrictive measures.
Kazakhstan is one of the most popular destinations for relocating your own business from Russia to another country. Recently, such a step has become especially relevant for companies working in the field of international trade – exporting and importing goods from or to the Russian Federation, as well as looking for a reliable territory for transit.
Recently, a frequent request of clients is to open a company in Georgia for business opportunities. According to the World Bank’s Doing business report, Georgia is on the 6th place among the countries where it is worth starting a business. In this article, we will look at the existing organizational and legal forms and the procedure for registering a company in Georgia.
Belarus is Russia’s closest neighbour and partner in the EAEU, as well as the main trade “bridge” between Europe and the CIS. Such a strategic position allows the country to attract many investors, including from Russia. An important role in attracting investment is played by the presence of free economic zones, such as the High-Tech Park, the Great Stone Industrial Park. In addition, companies operating in rural areas or small towns can enjoy special tax benefits. One of the main advantages of registering an LLC in the Republic of Belarus is the simplified procedure for opening legal entities in comparison with Russia. At the same time, the most optimal form of doing business is a limited liability company.
Armenia is one of the EEA countries that attracts foreign investment more and more every year with its simplified company registration procedure, government support for investors, as well as a significant number of trade agreements. Armenia has official channels in the field of cooperation with countries such as the USA, Canada, Japan and others. In addition, Armenia cooperates with the European Union. The country and the EU have a Comprehensive and Expanded Partnership Agreement. The document extends its effect not only to the political sphere, but also to the economic sector.
An international joint venture (JV) occurs when two businesses based on two or more countries form a partnership. A company that wants to explore international trade without taking full responsibility for cross-border business operations has the opportunity to create a joint venture with a foreign partner. International investors entering into a joint venture minimize the risk associated with a direct acquisition of a business. In the development of international business, performing due diligence in a foreign country and a partner limits the risks associated with such a business transaction.
