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Recently, the business ombudsman’s office discussed with its participants at a round table on “Monitoring of control and supervisory activities. Interim results and current tasks” the idea of replacing traditional inspections with preventive visits. This approach involves a transition from punitive measures to preventive ones, which will reduce administrative pressure…
On November 8, 2023, a decree was signed on the exchange of blocked Russian assets abroad for assets of foreign investors in Russia. This document introduced significant changes to the rules for handling blocked assets of Russian investors, especially those who own small portfolios. Since the beginning of 2022, Russian…
On August 19, a decree was adopted according to which foreign citizens who disagree with the moral policy of their countries will be able to obtain a temporary residence permit (TRP) in a simplified manner. Citizens of countries that pursue policies that contradict traditional Russian spiritual and moral values have…
An option is a financial instrument that grants the right, but not the obligation, to buy or sell a certain asset (for example, a share in a business) in the future at a predetermined price. This is a kind of contractual insurance that allows you to protect your interests in…
The digital ruble is a digital currency issued by the Central Bank of Russia (or the Central Securities Exchange). It is an electronic equivalent of cash and money held in bank accounts, represented by a unique digital code stored in an electronic wallet hosted on a dedicated platform operated by…
Trademark registration is a complicated process that requires significant time and knowledge of various aspects of the registration process. To ensure successful registration, it is essential to verify the uniqueness and compliance of a proposed trademark with legal requirements. A preliminary check of a trademark can help save time and…
The Ministry of Finance has proposed a tax reform to change the method of VAT payment. According to this proposal, organizations and individual entrepreneurs operating under the simplified tax system (STS) will be required to pay VAT on revenue exceeding 60 million rubles per annum. Under current legislation, entrepreneurs whose…
Affiliated individuals are those who have the potential to influence the activities of other organizations or individuals. These can include major transactions, changes in personnel, or the development of a strategic plan. The term “affiliation” originated in Russia in 1991 with the enactment of the “Competition Law,” which was subsequently…
The US Department of the Treasury has extended the validity of the document allowing payments to be made in favor of the Russian Federation. Such an extension may be the last due to the imminent entry into force of the Decree of the President of the Russian Federation on the…
Which projects have received maximum development? The most promising areas for cooperation Main conclusions China is one of Russia’s strategic international partners on the world stage. According to statistics, over 10 years the trade turnover between the countries has grown by 116%, which is a record. The states cooperate in…
Since 2022, the Russian Federation has had a temporary restriction on planned and unscheduled inspections of businesses. This measure was necessary to stimulate the economy during the pandemic. This moratorium had a positive impact on business, which sparked a discussion on the abolition of inspections. The moratorium on inspections was…
Despite the current global crisis, Chinese companies are increasing their presence in the Russian market. The emergence of business relations between the countries began almost 30 years ago and the pace of the presence of Chinese companies is only increasing. Thus, the presence of the Chinese in the Russian market becomes significant.
On July 1, 2024, Federal Law N 100-FZ entered into force, which amends the Tax Code of the Russian Federation. A significant part of it is dedicated to the regulation of trade among sellers from EEU countries via electronic trading platforms. The main changes within the framework of this law…
Since 2022, it has been established that it is necessary to obtain a permit for transactions with a resident of an “unfriendly” country. The types of transactions that need to be authorized before they are made are specified in special presidential decrees. Which operations are subject to restrictions Several transactions…
