Blog
To protect confidential data, companies use various tools, such as non-disclosure agreements (NDAs) and trade secret regimes. However, experts emphasize that legal measures alone are not enough. A comprehensive approach is required, which includes not only legal but also technical protection measures, employee training, and clear processes for handling confidential…
Under the constraints of currency legislation, many companies face difficulties in settling payments with foreign partners. However, halting imports or exports is not an option, so companies are seeking alternative legal and low-risk methods for mutual settlements. 1. Barter Transactions Barter is the exchange of goods or services without the…
Russia’s digital marketplace ecosystem is experiencing explosive growth, with online sales projected to reach $70B by 2026 (Statista, 2024). Fueled by a tech-savvy population of 110 million internet users and post-pandemic shifts in consumer behavior, platforms like Wildberries, Ozon, and Yandex.
Unlocking the OZON Marketplace: A Strategic Guide for Foreign Entrepreneurs
The Russian e-commerce landscape is experiencing exponential growth, driven by a tech-savvy population and rising consumer demand for convenience.
Lately, there has been increasing discussion about the possibility of foreign companies returning to the Russian market. Many brands that were once market leaders now want to regain their positions. However, the process is accompanied by numerous challenges related to legal, financial, and administrative issues: 1. Permission of governmental commission…
Given the dynamic changes in legislation in Russia, especially in the areas of business and corporate governance, it is important to keep up-to-date explanations from government agencies. One of these documents is Decree №618 of the President of the Russian Federation dated September 8, 2022, which regulates the procedure for…
From January 1st, 2025, all dealings with shares were changed by Tax Regulations. New rules will be applied for both: owners who want to sell their shares and clients who are going to purchase them. The rules before January 1st, 2025: Sellers: Payed the taxes for personal income from selling…
For foreign enterprises operating in Russia, commercial disputes in Russia are not a matter of if but when. The confluence of stringent regulatory frameworks, cultural nuances, and geopolitical dynamics renders the Russian market a fertile ground for conflicts. Missteps in resolving business disputes in Russia can result in financial hemorrhage, operational paralysis, or even market exit.
For foreign enterprises venturing into the Russian market, proficiency in Russian employment law transcends mere regulatory adherence — it is a cornerstone of operational viability. The jurisdiction’s labor framework, characterized by Byzantine statutes and cultural idiosyncrasies, demands meticulous navigation.
From 2025, new VAT rules will come into force for companies selling goods via marketplaces in Russia. These changes will affect both Russian and foreign sellers from the Eurasian Economic Union (Armenia, Belarus, Kazakhstan, Kyrgyzstan). The legislative changes make significant adjustments to the procedure for calculating and paying VAT, requiring…
Despite the misconception of many people, it is not only citizens of the Russian Federation who may engage in entrepreneurial activity as an individual entrepreneur. Foreign nationals have the right to register as an IE on the territory of the Russian Federation on an equal basis with Russian citizens. The…
One of the ways to protect a business and its reputation is to create a trademark. In legal practice, this term refers to the method of individualization of goods or companies and individual entrepreneurs. The presence of a registered trademark will allow you to prohibit or allow business rivals, as well as partners, to use a similar brand or a similar designation. Unauthorized use of someone else’s trademark can lead to civil, administrative and even criminal liability. From June 29, 2023, the self-employed, as well as foreigners, will be able to register trademarks without confirming the status of an individual entrepreneur, if they conduct entrepreneurial activities.
The law requires to record and systemize information about the objects of business activity – this is what accounting is particularly involved in. It implies that professionals will form financial reports on the main document flow basis of the company which will help internal and external users to assess the company’s activity.
