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A joint venture is an agreement between two or more companies that voluntarily create and manage a new business. Each organization invests its own resources and conducts its own expertise for the establishment and launch of a new company. Such a firm is usually called a joint venture.

The general director is the person responsible for managing the company. He/she represents the interests of the company in various relationships with government agencies, partners or third parties.

Registering the sale of a share in an LLC through a notary is a standard procedure for transferring ownership of a business to another person.

The Russian Union of Industrialists and Entrepreneurs (RSPP) is drafting comprehensive proposals for the conditions under which foreign companies may return to the Russian market. This initiative, launched at the request of the country’s leadership following an industry congress, aims to create a balanced mechanism that would attract foreign investment…

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.

In 2025, Russian authorities established a set of requirements for the potential return of Western companies that left the market after 2022. The government’s policy on this issue combines elements of pragmatism and the protection of national interests. 1. Individual Approach and Protection of National Interests Each decision regarding a…

As part of its strategy to develop inbound tourism and strengthen international ties, the Russian government is preparing a large-scale liberalization of its visa regime. The approved draft law significantly expands opportunities for foreign citizens visiting Russia on e-visas. Key changes include: increasing the validity period of e-visas from 60…

Reorganisation of a closed joint stock company or NPAO is a process in which the legal form, structure or ownership of the organisation is changed. This is necessary to optimise or change the direction of the business.

Transformation of a limited liability company (LLC) into a joint stock company (JSC) is a procedure for changing the legal form of a company. Thus, the new organization will fall under the law “On Joint Stock Companies”. In this article we will describe in detail how to correctly carry out such a reorganization.

The reporting of any joint-stock companies differs from the reporting of an LLC in a large set of forms and the requirement to conduct an audit. A number of joint-stock companies are required to submit reports to the supervisory authorities

Reorganisation of a joint stock company is an important stage in the conduct of business, which can occur for various reasons: from strategic changes in the company to economic necessity. The process affects changes in the management structure, legal status or even the form of ownership of the company. In this article, we will look in detail at the key aspects of changing the legal status of a JSC and the main steps that need to be taken to make the process successful.

In the spring of 2022, the decision by Western nations to disconnect key Russian financial institutions from the SWIFT system emerged as one of the most significant elements of sanctions pressure. This move substantially complicated international transactions for Russian businesses and citizens. However, recent geopolitical developments have shown signs of…

Significant amendments to the corporate legislation of the Russian Federation regarding the procedures for conducting annual general meetings of limited liability companies (LLCs) will come into force on March 1, 2025. These innovations require special attention from management and LLC participants as they substantially alter established corporate governance practices. I….

2024 has been a challenging year for Russian businesses. The escalation of sanctions has led to the disappearance of entire categories of goods, frozen investments, and increased import costs. Domestically, high inflation, an increase in the money supply, and rising wages have forced the regulator to maintain a high key…

Russia is a country with great opportunities for entrepreneurs, and in order to successfully start your way in the business world, it is important to know the key steps and implementation requirements.

PJSC (formerly OJSC) is a public joint-stock company, the shares of which are distributed among citizens and other companies. Public says that the shares are freely rotating on the stock market, which makes them available for purchase by any person.