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Trademark registration is a complicated process that requires significant time and knowledge of various aspects of the registration process. To ensure successful registration, it is essential to verify the uniqueness and compliance of a proposed trademark with legal requirements. A preliminary check of a trademark can help save time and…

The Ministry of Finance has proposed a tax reform to change the method of VAT payment. According to this proposal, organizations and individual entrepreneurs operating under the simplified tax system (STS) will be required to pay VAT on revenue exceeding 60 million rubles per annum. Under current legislation, entrepreneurs whose…

Affiliated individuals are those who have the potential to influence the activities of other organizations or individuals. These can include major transactions, changes in personnel, or the development of a strategic plan. The term “affiliation” originated in Russia in 1991 with the enactment of the “Competition Law,” which was subsequently…

The US Department of the Treasury has extended the validity of the document allowing payments to be made in favor of the Russian Federation. Such an extension may be the last due to the imminent entry into force of the Decree of the President of the Russian Federation on the…

Since 2022, the Russian Federation has had a temporary restriction on planned and unscheduled inspections of businesses. This measure was necessary to stimulate the economy during the pandemic. This moratorium had a positive impact on business, which sparked a discussion on the abolition of inspections. The moratorium on inspections was…

On July 1, 2024, Federal Law N 100-FZ entered into force, which amends the Tax Code of the Russian Federation. A significant part of it is dedicated to the regulation of trade among sellers from EEU countries via electronic trading platforms. The main changes within the framework of this law…

Since 2022, it has been established that it is necessary to obtain a permit for transactions with a resident of an “unfriendly” country. The types of transactions that need to be authorized before they are made are specified in special presidential decrees. Which operations are subject to restrictions Several transactions…

The Federal Tax Service (FTS) plans to introduce an automated system to determine the tax residency of individuals by 2025. The new system will be based on data on foreign passports and movement across the border, as opposed to the current method of determining status by stamps in passports. According…

Limited Liability Companies (LLCs) have become a preferred choice for many entrepreneurs and small business owners due to their flexible structure and favorable tax treatment.

No business owner wants to experience a loss, but when they do occur, understanding how to claim a business loss on taxes can turn a negative situation into a more manageable one.

Tax depreciation is a critical aspect of financial management for businesses, offering opportunities to offset taxable income by accounting for the depreciation of assets used in income-generating activities.

When pondering the path of entrepreneurship, the mind inevitably turns toward expansion—reaching beyond borders and venturing into the vast realm of international business.

Ladies and gentlemen of the jury, today we dive into a question that’s been buzzing in the minds of entrepreneurs and business enthusiasts alike: can you register a company in a different country?

When you hear joint venture, you might picture two companies shaking hands, ready to take on the world together, and, honestly, you wouldn’t be far off.

Business practices in Russia can feel like stepping into a world where the rules are familiar, but the game is played a little differently.

Exchange trading and settlements in dollars (US and Hong Kong dollars) and euros are suspended at Moscow Exchange following the introduction of a new package of sanctions by the US on 13 June.  The government spokesman said the situation is under control – the government and the Bank of Russia…