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Foreign business leaders, as well as residents of the Russian Federation, use EDS when interacting with tax authorities and signing contracts with clients. Foreigners have the right to receive an EDS by virtue of the provisions of Article 18 “On electronic signature”. What functions does the EDS perform? A foreign…
If the debtor organization cannot meet its obligations, then the persons exercising control over the company may bear subsidiary responsibility. The amount of subsidiary liability is the amount of creditors’ claims. The person controlling the debtor organization is considered to be a legal entity or an individual who has the…
There are fewer suitable options left for moving a business to another country. The UAE is one of the most popular business destinations. Consider the pros and cons of relocating a business to this country. Positive: – There are no taxes on capital gains, wages and profits. VAT in case…
Question: If a person works in an accredited IT company, is it important what his specialty is by education? Answer: To apply for a deferral, a specialty from the list is needed. The Ministry of Finance has identified a list of specialties and areas of training for representatives of IT…
In the future, in 2023, scheduled inspections will be carried out only in relation to organizations whose activities belong to the extremely high and high-risk categories. Also included in the inspection are hazardous production facilities of hazard class II and hydraulic structures of class II. Please note that these checks…
The CEO of the company is the executive body and the main representative of the company. In his absence in the country, the company’s activities often become impossible – he is the only person entitled to act on behalf of the company without a power of attorney and, as a…
The Russian authorities may grant businesses the right to conduct international operations with cryptocurrency in 2023. The main information about the innovations is still unknown, for example, it is not clear whether the concept of cryptocurrency will be included in Civil legislation. This definition would be able to distinguish cryptocurrency…
Valen Managing Partner will host a webinar at 18.30 оn October 4. The topic of the webinar: Sales to foreign clients in 2022 During the webinar we will discuss: – What has changed in such sales – everything? Or is it still not? – Have foreign clients and the foreigners…
The government offers a list of measures to support both existing and long-established businesses. Assistance from the state is as follows: Support for travel companies in 2022. The government allocates funds to travel companies, which can be spent on the development (development) of tourist routes, the construction of eco-hotels and…
Advertising on the Internet Amendments have been made to the law on advertising. From the first of September, the user is obliged to notify Roskomnadzor about the placement of advertising on the Internet. Otherwise, he faces a fine. Consumer protection The law on consumer Protection has been changed, now the…
The Government of the Russian Federation has introduced a bill that simplifies the process of closing a business – it will be enough to apply then the company will be liquidated by the tax inspectorate. The purpose of the law is to free the owners of an inactive business from…
On August 22, the Commission of the Government of the Russian Federation for the control of Foreign Investments decided to remove the restriction on the crediting of dividends or the distribution of profits by shares and shares in Russian LLC and JSC, cooperatives to the settlement accounts of foreign banks….
Now, as before, our clients can pay with their foreign bank card. After confirming scope of work, we will send you a link for payment. You will be charged the amount in the currency of your card at the exchange rate of the US dollar of the card issuing bank….
The concept of NFT may soon appear in the law. Such a measure will protect the rights of holders of non–interchangeable tokens – NFT. An NFT (non-fungible token) is a non-interchangeable or unique digital accounting unit for a unique object. Such a token can be assigned to an image, video,…
Business leaves Russia mainly through the conclusion of mergers or acquisitions of companies. Many companies announced in March their desire to reduce investments in the Russian Federation, at the same time, the actual projects implemented are no more than 50 percent of the announced ones. This trend shows that many…
