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Foreigners and foreign companies can conduct business in Russia in several ways: • registration of a legal entity (separate company); • buying a stake in a business or participating as a co-founder; • opening of a branch or representative office; • registration as an individual entrepreneur; • cooperation with distributors….
Business restructuring is a vital strategic process that companies undertake to adapt, optimize, and improve their operational and financial structures. Whether driven by financial challenges, market changes, mergers and acquisitions, or a desire to enhance competitiveness, restructuring plays a crucial role in reshaping organizations for long-term success.
Drafting an agreement contract is a crucial process that requires careful consideration and attention to detail. A well-drafted contract ensures clarity, mitigates disputes, and protects the interests of all parties involved. In this article, we will explore the key aspects of drafting an agreement contract, including its definition, essential components, and best practices.
In the realm of employment, one crucial document governs the relationship between employers and employees – the employment contract. Understanding the intricacies of employment contracts is essential for both employers and employees. This comprehensive guide will explore the key aspects of employment contracts, shed light on employment contract law, and provide valuable insights into their significance in the workplace.
When opening a company, the choice most often falls on a limited liability company (LLC). By opening an LLC, the founders are not responsible for the obligations of the company with their personal property, and it will be enough to deposit only 10,000 rubles as the authorized capital for the…
According to the new law, companies with the status of small and medium-sized enterprises will have the opportunity to liquidate by submitting just one application. In the application, it will be necessary to confirm that the legal entity has repaid all debts and submitted the necessary reports. Thus, it will…
Lawyers at the St. Petersburg International Legal Forum proposed that the law provide for the possibility of initiating bankruptcy proceedings for foreign companies. Within the framework of entrepreneurial activity, companies from Russia often concluded deals with foreign companies. At the moment, these countries are unfriendly. In case of signs of…
The Tax Inspectorate plans to develop and approve new formats of electronic documents in 2023. They are going to introduce new formats of such documents: a transfer act of fixed assets, an invoice for accounting for the movement of stocks, a complaint act, a specification. The use of these documents…
Since the introduction of the invalidity of transactions with foreign companies from unfriendly countries without obtaining the permission of the subcommision of the Ministry of Finance, the conditions for obtaining such permission are constantly updated, new conditions are introduced, or old ones are changed. Experts also note that when considering…
Currently, cryptocurrencies are becoming more and more popular. They represent a new payment method that has many advantages, including transaction speed and low fees. Their use will contribute to reducing the dependence of economic turnover participants on global financial institutions. Russian legislators are developing a legislative framework for mining digital…
The Ministry of Digital Development has published a draft law on a digital passport, it is planned that the digital version will be equal in legal force to the paper one. This initiative has been repeatedly put forward by various executive authorities, the introduction of this technology has been actively…
In April 2023, new features from Russian government agencies will get started, which we will express in more details below. Simplifications by the Federal Tax Service One of the areas that has received a lot of attention in recent years is facilitating the interaction of taxpayers with tax authorities. One…
Payment in the amount of 5% of the market value of the business must be made to the budget by foreign companies from unfriendly countries in the event of the sale of their assets in Russia. Prior to this change, it was necessary to make 10% of the transaction size….
The Federal Notary Chamber notes the growth of transactions made remotely with the participation of two or more notaries. At the beginning of 2023, more remote transactions were made than in the whole of 2021. This notarial action was introduced in 2021 and with its help it is possible to…
The Russian Ministry of Finance has come up with a proposal to suspend double tax treaties as a response to countries that have introduced unilateral economic measures against Russia, as well as to include Russia on the EU tax black list. Double taxation is a situation where income is taxed…
