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Accounting in the service sector

The service sector is an industry with many components of the economy and management. Commercial companies, individual entrepreneurs, and businessmen carry out their activity in this area. New opportunities and forms of ownership appear: The Internet, network marketing etc. Therefore, accountants have many problematic situations.

Feb, 01 2023
Anti-crisis measures on foreign exchange transactions and corporate relations

In 2022, a decree was adopted prohibiting residents from paying shares, deposits and shares in the property of legal entities that are non-residents. This measure has been extended to 2024. Despite this, the Central Bank of the Russian Federation issues special individual permits for such operations. To obtain permission to…

Jan, 24 2023
Business News 2023

1. Business will pay taxes in a new way. The government is introducing a single tax account, where all commercial fees will be accumulated. Now the business will not need to search for the current budget classification code, it is enough to transfer the tax debt to a single account…

Jan, 18 2023
Relocation – features of remuneration for an employee working abroad.

In recent years, particularly during the coronavirus period, many have adapted and switched to remote working. In some cases, the specific of the employee’s work allows for remote working. Formalising the contractual relationship with the employee On the one hand, labour law allows for the remote working, however, according to…

Jan, 12 2023
The Russian Government has adopted the procedure for obtaining a residence permit for foreign investors

Since January 11, 2023, the criteria for obtaining a residence permit for foreigners investing in Russia have been approved. A foreigner must meet one of the following criteria: 1) Investment of at least 15 million rubles in projects of social significance over the past 3 years. 2) An investment of…

Jan, 09 2023
Renewal of registration in the Russian Federation

Migration registration includes state activities for collecting, storing, summarizing information about visitors. Registration in the migration authority is a mandatory procedure to every foreigner who comes to Russia, the exceptions are not provided. Unless for some categories of visitors there is a standard registration period of 7 working days, and for other categories the law provides for a longer period.

Jan, 04 2023
Business relocation and large capital management

At the moment, there is an amnesty of capital, which will help to amnesty foreign assets. If a citizen has not previously reported about his property, accounts, companies, then now he can submit information to the tax authorities and he will be released from any liability. This measure is a…

Dec, 28 2022
Blockchain and business: the order of interaction

Blockchain is an encrypted database containing information about all transactions of its participants. Contrary to popular belief, blockchain is not used only for conducting operations here and now. For example, the system can fix an obligation to transfer property or perform work in the future, that is, fix an option…

Dec, 21 2022
Changes in the regulation of cryptocurrency turnover

The demand for cryptocurrencies is growing and talks about regulating these assets continue. The central bank adheres to a conservative position on this issue and previously proposed to completely ban the circulation of cryptocurrencies in Russia, but later changed its position. In 2022, after the introduction of sanctions, disputes about…

Dec, 14 2022
Equity joint venture

An equity joint venture (EJV) is an agreement between two companies to enter into a separate business venture together. The business structure for an EJV is a separate limited liability company (LLC). This shields each partner and business from liability. Each partner participates in gains and losses according to the percentage equity ownership they have in the joint venture. The purpose of the EJV is to diversify risk, provide capital-raising opportunities, reduce barriers to entry and create economies of scale while establishing a definitive time the joint venture exists.

Dec, 13 2022
Cryptocurrency and marketplaces: new realities in the Russian Federation

Every year more and more Russians come to cryptocurrency. According to experts, by January 2022, the amount of assets of Russian citizens in the crypt amounted to about 2 trillion rubles. Such volumes obviously attract the attention of the Ministry of Finance and the Tax Service, but the law on…

Dec, 07 2022
The parliament is preparing a bill on the creation of a crypto exchange in Russia.

It is planned to create a document taking into account the opinions of market participants and submit it for discussion to the Cabinet of Ministers and the Central Bank. The parliament was engaged in the formation of draft amendments to the laws for the launch of the national crypto exchange…

Nov, 30 2022
Сonference «Law Firm Management»

On December 01, Valentina Khlavich, managing partner of Valen Group, will become a speaker at the conference «Law firm management». At the event, Valentina will talk about the strategy for solving operational issues in the field of marketing. Conference details here: Conference program Management of a law firm (arbitration.ru)

Nov, 23 2022
Business in the UAE: is it worth starting?

The United Arab Emirates market opens opportunities for entrepreneurs from all over the world who are not only doing business with the UAE but have relocated production to the country in full. In this article, we will look at the reasons for the UAE’s investment attractiveness. The first reason is…

Nov, 23 2022
How to Draft a Contract for Services

Before you start working with a customer, you should create a service agreement to ensure that you both have the same expectations regarding the work to be done, costs, and other aspects of your working relationship. When you wish to exchange something of value, such as services or intellectual property, for monetary or other payment, knowing how to construct a contract for services is critical. A service agreement is a written contract that is entered into between a service provider and a client. It specifies the work to be done as well as the roles and duties of both parties in having the task done and paid for. A service agreement provides time periods for commencing and completing the task, extra due dates if necessary, and other processes and details involved in the project.

Nov, 18 2022
Buy-Side and Sell-Side in M&A

A transaction always involves two parties: a buyer and a seller. Finance professionals commonly describe their positions as being on the buy and sell side of M&A. As with many finance languages, what this means depends on the situation. In the financial industry, these are referred to as the buy-side and sell-side, respectively. As an acquisition and mergers investment manager, you do 2 factors: one presents your bank to potential clients and earns business from them through buy or sell-side Mergers and acquisition, and the other executes the agreements offered by these customers. Let us examine the distinctions.

Nov, 18 2022