Misc

The Russian equivalent of SWIFT already uses 53 banks from 11 countries.

The Financial Countries Transfer System (SPFS) was developed by the Central Bank of the Russian Federation in 2014 and operates according to international payment standards. A foreign business intending to work in Russia is already joining the SPFS. Now the issue of using SPFS is especially relevant due to the…

May, 11 2022
Pre-trial dispute settlement procedure in the arbitration process. When it’s necessary?

Contents: What you need to know about the pre-trial dispute settlement procedure in the arbitration process What you need to know when drafting and submitting a claim What clarifications about the settlement of arbitration disputes before the trial were given by the Supreme Court in 2022? Pre-trial settlement of disputes…

May, 09 2022
Liquidation of legal entity in 2022

Contents: The main ways of company’s liquidation in 2022 Liquidation of legal entity 2022: main stages The company is operating until an entry on the termination of its activities appears in the state register. The liquidation procedure is complicated and prolonged, and if the norms of the law are not…

May, 09 2022
How to open an LLC remotely. Nuances of the procedure. Is it possible to contact specialists?

Contents: How to open an LLC remotely?  Stage 1. Registration on the portal of the Federal Tax Service of Russia.  Stage 2. Collecting the necessary documents.  Stage 3. Obtaining an electronic digital signature (EDS).  Stage 4. Mandrel documents.  Stage 5. Wait for the decision of the Federal Tax Service.   Is…

May, 01 2022
Remote registration of the company. How does the online service simplify the state registration process?

Contents: Business registration: why is it necessary? Remote business registration: what stages includes Is it possible to create a business remotely with the involvement of a third-party specialist?  State registration of a legal entity is the process of establishing a new company by one businessman or a group of entrepreneurs….

May, 01 2022
Business separation (split). Why is this necessary and how to reduce the risks of possible unpleasant consequences of such a decision?

Contents: Business Separation: What is it? What is a business division? When you can and cannot split up a business Business fragmentation: legal optimization or tax crime? Tax risks of business separation Ways to Reduce Risks in Business Separation The business is divided into several entities in order to apply…

Apr, 30 2022
Rules for the export and import of foreign currency into Russia after March 2, 2022

On March 1, 2022, a decree was signed by the President of Russia on a ban on the export of cash in excess of $10,000 per person, which is effective from March 2, 2022. This amount could not be declared when exporting earlier, but now the export of a larger…

Apr, 29 2022
Foreigners from the IT sector will be able to obtain a residence permit in a simplified manner.

The Ministry of Internal Affairs and the Ministry of Labor have prepared a draft law, according to which foreign IT specialists will be able to issue a residence permit in a simplified manner. In accordance with this document, a temporary residence permit will not be required to obtain a residence…

Apr, 29 2022
New procedure for importing goods to the Russian Federation

The Eurasian Union on March 17, 2022, by decision No. 35, increased the maximum threshold at which goods purchased in foreign online stores will not be subject to duty. The procedure comes into force on May 01. The new rules for the import of goods are temporary and will be…

Apr, 26 2022
Updates of legislation on international companies.

In March 2022, laws were passed that change the requirements for obtaining the status of an international company and an international holding company. The changes are as follows: 1) New criteria for granting a foreign company the opportunity to redomicile in the Russian Federation. Companies registered before 01.03.2022 will be…

Apr, 20 2022
Anti-crisis presidential decrees, how they will affect foreign economic business.

This year, the President of the Russian Federation issued two decrees No. 79 and 95, which are aimed at maintaining the competitiveness of Russian business in the foreign market under sanctions. The Central Bank of the Russian Federation studied details of it and gave explanations. – Russian business is obliged…

Apr, 13 2022
Novelties in the legislation on currency residents.

The concept of a currency resident is found in Russian legislation much less frequently than the term tax resident. Few people distinguish between these concepts, but each of these statuses has its own nuances. We will talk about the fundamental differences in this article. The term currency resident is mentioned…

Apr, 06 2022
Законом предусмотрены определённые обязанности валютных резидентов:

В частности, они: • Обязаны уведомлять налоговые органы об открытии расчетных счетов в иностранных банках; • Должны предоставить отчет о движении денежных средств в иностранных банках; Стоит отметить, что валютные резиденты имеют право пополнения иностранного счета только в рамках закрытого перечня операций: – перевода денежных средств с российских счетов на…

Apr, 06 2022
The government announced a new bankrupt moratorium.

A ban on the initiation of bankruptcy cases on the applications of creditors is being re-introduced. The moratorium on bankruptcy is valid from April 1 to October 2022, the Government reported at a meeting. During this period, creditors cannot apply to the court for bankruptcy of a legal entity, citizen…

Apr, 06 2022
Highly qualified specialists will receive the right to obtain a residence permit.

The Government has issued a draft law, the purpose of which is to enable highly qualified specialists (HQS) to obtain a residence permit in the Russian Federation without limitation of validity. The bill says that a foreign specialist who intends to obtain a residence permit must have more than two…

Apr, 06 2022
Due diligence

Contents: Why is the procedure needed? Practical use of the procedure Types of procedure Who performs the procedure The time it takes for the due procedure diligence Report on the results of the procedure Stages due diligence Due diligence procedure is one of the tasks of a comprehensive study of…

Mar, 30 2022