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Starting Business In Russia

Opening a business in Russia by citizens of another country is possible in several ways.

Jan, 05 2024
Contract of assignment and commission: comparative legal analysis

To increase sales, commercial organizations use different types of mediation. Most often, entrepreneurs resort to an agency agreement or other types of cooperation. We will conduct a comparative legal analysis of contracts of assignment and commission in order to determine which mediation option is the most profitable in each case. We will determine what these forms have in common, how contracts differ and what legislative acts they rely on.

Jan, 05 2024
Accounting of electronic services

Conducting tax audit in respect to legal entity, special attention is paid to compliance with legal requirements for accountancy of provided services. Due to active development of information technology, business entities provide customers with online services which have several advantages with increasing frequency. In this regard, question of the correct…

Jan, 04 2024
Comparative analysis of the Collective agreement

A collective agreement is a document regulating business relations in various fields between an employer and an employee. The settlement procedure can take place both through an entrepreneur and through a legal organization. It is also possible otherwise when the contract is concluded between the collective representative and the trade union. An employment contract, unlike a collective one, has its own peculiarity: it is always individual despite the fact that it is based on the principles of collective.

Jan, 04 2024
Drawing up a contract for an auditing services provision

Auditing services are a diverse audit of financial and tax documents of an enterprise. It allows to identify errors and inaccuracies before the inspection of state bodies. In addition, the audit allows to optimise the internal document flow.

Jan, 04 2024
The term for registration of shareholders’ withdrawal from LLC

A limited liability company (LLC) is a popular form of business organization in Russia. During the company’s activity, there are many planned and unplanned situations, some of which lead to the withdrawal of one of the participants from the company.

Jan, 04 2024
Registration of LLC by proxy: procedure and features of the procedure.

Registration of a limited liability company is the creation of a new legal entity, which is associated with the collection and registration of the necessary documents and the deposit of the authorized capital to the settlement account. You can register an LLC either personally or with the participation of a third party. In this case, the applicant will need a power of attorney.

Jan, 04 2024
Creation of joint ventures: examples in real business

Joint ventures (JV) are a special form of ownership involving the creation of a common company by participants from two countries. Relationships are built on the basis of a unified management of property and other assets.

Jan, 04 2024
Compulsory liquidation of a legal entity by a tax authority. Grounds and procedure for compulsory liquidation.

There are many reasons for liquidating a commercial organization including decision of tax authority. Also, it can be referred to the voluntary liquidation of the company by decision of its members or management. The decision to terminate a business can be made because it has achieved its goal or the deadline for which it was founded has passed.

Jan, 04 2024
Due diligence of contracts

When two parties sign a contract, they both want to get some guarantees, but in practice, you can hardly exclude all risks, you can only minimize them, due diligence procedure was invented just for these purposes. It is performed to estimate all the possible problems with a counterparty or to minimize the risk of a contract being considered as invalid.

Jan, 04 2024
How can a citizen of Belarus open an LLC in Russia

Cooperation between Russia and Belarus is a long–term partnership that has allowed us to create an agreement on the avoidance of double taxation. According to it, citizens of Belarus often choose Russia for creating business.

Jan, 04 2024
Incorporation of a joint venture with a foreigner in Russia

A joint venture with a foreign participant is a legal entity formed by merging the capitals of a Russian legal person and a representative of another country. The incorporation of such company is traditionally viewed in a positive way, as it allows attracting foreign capital and foreign technologies to Russia.

Jan, 04 2024
Registration of a Limited Liability Company in the Republic of Belarus

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.

Jan, 04 2024
Legal examination of the delivery contract

A supply contract is a document that records agreements between economic entities. One party undertakes to deliver the goods of proper quality in the prescribed quantity within a certain time frame. The other party – the buyer – undertakes to accept and pay for this product in a timely manner. However, like any documents, this contract may require legal expertise designed to protect the interests of the parties.

Jan, 04 2024
Is it allowed to travel abroad or to another region of the Russian Federation with TRP

Temporary residence permit allows foreign citizen to live and work in Russia up to three years. The main advantage of TRP is right to stay in country on legal grounds, work officially and do business.

Jan, 03 2024
Legal analysis of the contract

Russian law defines a contract as an agreement between two or more parties. This agreement necessarily creates, transforms or cancels the rights and obligations between those who signed the contract. In other words, a contract is a type of civil transaction.

Jan, 03 2024