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Non-resident is an individual who lives in the country for at least 183 days a year but is not a citizen. As a rule, these are foreigners, sometimes we are talking about stateless people. The basic law that governs the activities of non-residents is Federal law «Concerning the Legal Status of Foreign Citizens in the Russian Federation». It does not provide for significant restrictions on entrepreneurship.

Civil procedural legislation gives every citizen the right to take part in court proceedings personally or to use the services of a representative. Any capable person is allowed to act as a representative during the civil process, provided that the powers are duly executed. The arbitration procedural legislation provides identical conditions.

The universal form of regulation of trade relations on import and export of industrial goods and services is the international contract of sale.

Pre-trial settlement of disputes is a list of measures aimed at resolving the conflict situation before the parties go to court.

The growth of the Russian mergers and acquisitions market was once ensured by major transactions in the oil and gas industry. So far, this sector attracts domestic and foreign investors, the situation was not affected even by the slowdown in economic growth in 2019. At the same time, the Russian market of mergers and acquisitions remains one of the most effective tools for business development. Such transactions help, to expand the business, increase its profitability and competitiveness. Often, deals are concluded by companies that have their own resources to expand production or invest in development. However, the results of M&A transactions are influenced by factors such as the quality of planning, optimization of financing, analysis of the internal and external environment of the company. Before finalizing the transaction, it is important to identify the weaknesses of the business and assess the prospects for its development. It is equally important to understand the special features of the local market.

In the process of doing business, the business owner may face the question of selling it for one reason or another. It is worth saying that in the process of selling business it is the whole process of company’s business activities for profit that makes up the object of the deal, and not the particular property of a company. It is the entire complex of equipment, products and established business processes that is transferred during the sale.

Contents: What is a joint venture? The process of consolidation of the joint venture Choosing a consolidation method Audit of accounting reports Preparation of consolidated financial statements How are consolidated financial statements formed? Conclusion Today, many companies choose the path of creating joint ventures in order to reduce risks and…

Status of Russian citizen can be obtained by a foreign citizen as well as by a person without citizenship. In accordance with Russian laws the latter is an individual who is not a citizen of Russia and cannot confirm foreign citizenship at the same time.

Migration registration of foreign citizens and stateless persons in the Russian Federation is state activity for recording and summarizing information about foreign citizens and their movements, carried out for the purpose of developing and implementing state migration policy, as well as for conducting state statistical monitoring in the field of migration. Migration registration is of notification nature and includes registration of foreign citizens at place of residence and registration of them at place of stay.

Mergers or acquisitions of a company are, in essence, the reorganization of a legal entity through its liquidation and the creation of a merged LLC with a larger market participant.

Administrative liquidation of a legal entity is a multi-stage procedure that is performed by decision of a tax authority. It is regulated by the legislation of the Russian Federation, violation of which may lead to refusal on company’s termination.

Doing business, apart from its attractive side in the form of making a profit, also has less pleasant consequences. These are primarily unfair competitors and penalties imposed by the state.

One of the processes that characterizes the activity of any company is the process of making transactions. It includes drawing up and signing a contract. In any transaction, special attention should be paid to the issue related to the payment of taxes, state duties and fees to the state budget.

A share purchase/sale agreement is a document that regulates and makes legal a transaction for the transfer of rights to shares from one entity to another. Situations when in the process of buying / selling, there is a violation of someone’s rights are not uncommon. In this case, the subject may file a claim with the court to terminate the contract of purchase / sale of shares. In this article, we will analyze in detail the essence of the issue, as well as the order of the process.

Contents: What is important to know about the agency agreement Taxation of agent’s income Taxation on the territory of a foreign company Registration with the tax authorities Accounting for tax deductions and the cost of services Not accounting for VAT under the agency agreement An agency agreement with a foreign…

Contents: Legal aspects Advantages of cooperation with foreign contractors Search for foreign contractors Preparation for work with foreign contractors Features of concluding foreign economic contracts Features of working with counterparties from unfriendly countries Features of monetary settlements with counterparties from unfriendly countries Legal aspects Cooperation with foreign partners is a…