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Future entrepreneurs resort to two options: registration of business in accordance with the provisions of law, or a transaction of purchase and sale of business that is stable in the market. Both options have advantages and disadvantages, the choice is up to the buyer. Transactions for the purchase and sale of business have the following specifics.
Foreigners who want to permanently live in the country draw up such a document as a residence permit for the Russian Federation 2022. It has no time limits, so the official permit does not need to be renewed periodically. At the same time, this document gives the holder an almost complete list of rights that Russian citizens have, with a few exceptions. Such document is mostly drawn up on the basis of a temporary residence permit, but there may be exceptions.
Any company from abroad which is going to sell its goods and services in Russia must have here its office of some type. There are three structures that are most often chosen by foreigners: a branch, a representative office, or a limited liability company. Each of them has its own characteristics, advantages, and limitations, so in certain situations, each of them may be the better choice.
Liquidation of a legal entity is a procedure provided for by law in order to terminate activities without transferring rights and obligations to other persons. Termination of the operation of an enterprise that is registered as a legal entity is a process, each stage of which is regulated by the legislation of the state. In case of its violation, the procedure may be delayed for a long time or come to a standstill, which is not beneficial for the owner of the company, and also threatens with various fines.
According to Russian legislation, both foreign legal entities and individuals can create limited liability companies on the territory of the Russian Federation. At the same time, an LLC may be established by a foreign citizen independently or jointly with citizens of the Russian Federation.
International tax planning helps to avoid tax payments to the state budget or to reduce their amount within the scope of law. These actions consist in the rational organization and conduct of business, so that there is no need to pay additional fees and taxes. Budget payments should be planned already at the stage of creating a commercial company or when it reaches the international level.
Protected Intellectual Property, a closed list of which is given in Article 1225 of the Civil Code of the Russian Federation, include objects of copyright. The objects of copyright are works of science, literature and art: literary, musical, audiovisual works, works of painting, sculpture, design, photography, maps, computer programmes, databases and many others. A detailed list of copyright objects is contained in the Berne Convention for the Protection of Literary and Artistic Works and is also enshrined in Article 1259 of the Civil Code of the Russian Federation and is open-ended.
Arbitration tribunals consider disputes related to business and economic activities. The parties in this case, as a rule, are commercial organisations, individual entrepreneurs, business leaders and responsible specialists. However, most companies do not have lawyers on staff, so they need to hire a lawyer if a dispute arises.
The parties to the agreement may be exclusively subjects of international law. A foreign organization must have the rights and legal obligations to enter into this type of contract. Powers include negotiating, accepting a text, expressing consent, and executing other acts.
A foreign citizen can stay in Russia only on the basis of particular documents. If visit to the country is short, a passport, migration card or visa is enough. But for a long stay, a temporary or permanent residence permit is required. Most foreigners who work in Russia tend to…
A corporate conflict in an organization arises against the background of a clash between two subjects of the workflow due to a violation of corporate relations within the team. As a rule, such a conflict always involves finding a way out of this situation in order to maintain a normal workflow.
Investments are cash, securities, real estate and rights to other property that are acquired to make a profit, preserve assets or other benefits of the investor. Accordingly, the process of acquiring assets can be called an investment activity.
In accordance with Russian legislation each company is required to maintain accounting records regardless of what industry the company operates in, how many full-time employees and subsidiaries it has. Some organizations are also legally bound to conduct an independent accounting assessment. This requirement is related to the specifics of economic activity.
Every firm from abroad that is going to start commerce in Russia is obliged to register its local office here. According to current legislation, foreign firm in Russia can register a branch, a representative office, or LTD. After it is registered, a foreign business can legally sell their goods or services here, as well as trade without intermediaries. Each of the above structures has its pros, cons, and limitations. Therefore, depending on the goals set, one of these forms may be preferable.
