Blog

Vacation and pandemic

The pandemic played a huge role in the usual work schedule. Constantly imposed restrictive measures forced companies to learn how to function in new circumstances. Amid all the changes, employees began to change their perspective on the work process. A significant role in employee attitudes toward work and vacations was…

Aug, 11 2021
Major companies are interested in moving to Russian offshore

Major companies are interested in moving to Russian offshore Business representatives propose that the government should expand the opportunities for exemption from Russian profits tax on income from foreign production companies operating in the format of a production sharing agreement, reduce requirements for the minimum amount of investment, the number…

Jul, 28 2021
Ask a lawyer

Foreign citizen wants set up company. There are the most popular questions about that topic… ▪️Question: What legal forms of companies can non-residents open? Answer: Foreign citizens can open companies with any organizational-legal form, as they have the same rights in this sphere of life as residents. ▪️Question: Are there…

Jul, 21 2021
The Ministry of Internal Affairs proposes to introduce 3 new legal regimes of foreign citizens’ stay in the Russian Federation

The Ministry of Internal Affairs of the Russian Federation has prepared a draft law, which proposes to cancel temporary residence permits, as well as to introduce 3 new legal regimes of foreigners’ stay in Russia. In addition, it is proposed to simplify the process of permanent residence permit obtaining. The…

Jul, 14 2021
From July 1, the procedure for notarization of the decision of the legal entity’s sole participant to increase the amount of authorized capital has been changed

The Federal Law “On Limited Liability Companies” has been clarified, according to which the decision of a legal entity’s sole participant to increase the amount of company’s authorized capital is subject to notarization. Performance of the relevant notarial action by a notary is confirmed by the issuance of a certificate…

Jul, 07 2021
New in legislation – June 2021.

Simplification of the procedure for IT-companies’ state accreditation From August 1, 2021, IT-companies will be able to apply for state accreditation through Public Services website. The current need to send a relevant application to the Ministry of Digital Development will not be any more necessary to be complied with. The…

Jun, 30 2021
The terms of foreign citizens’ stay in Russia have been extended till September 30

The President of Russia has signed Decree No. 364 of 15.06.2021 “On temporary measures to regulate the legal status of foreign citizens and stateless persons in the Russian Federation during the period of overcoming the consequences of the spread of the new coronavirus infection (COVID-19)”, which extends the period of…

Jun, 16 2021
Important business innovations in Russian legislation for may 2021

The draft of the Federal law «On amendments to part two of the Tax code of the Russian Federation and certain legislative acts of the Russian Federation» (hereinafter referred to as the Draft law) provides in particular: 1. Changes concerning the calculation and payment of value added tax. The Draft…

Jun, 01 2021
A draft law on subsidiaries of foreign IT-companies has been introduced to the State Duma

A draft law has been introduced to the State Duma requiring foreign companies operating in the field of information technologies to open representative offices on the territory of the Russian Federation if the number of Russian users of an information resource exceeds 500,000 per day. Besides a representative office, a…

May, 26 2021
From July 2022, it will be possible to affix an electronic apostille on the documents

The Ministry of Justice has prepared a draft legal act that establishes the ability to affix an apostille on the necessary documents in electronic form. According to the draft Resolution, the following innovations are proposed: to provide an opportunity to send an application for apostille affixing in electronic form, that…

May, 19 2021
From July 1, a pre-trial appeal of supervisory authorities’ decisions will be mandatory

The Prime minister of the Russian Federation has signed Regulation No. 663 of April 28, 2021, which establishes mandatory compliance with the pre-trial procedure for appealing decisions of a certain list of state bodies, including the Federal Tax Service, Federal Service for Labor and Employment and so on. It is…

May, 12 2021
It will become easier to submit documents for state registration of a company through a notary

In accordance with the draft No. 1021318-7 of the Federal Law “On Amendments to the Federal Law “On State Registration of Legal Entities and Sole Proprietors” and Article 80 of the Fundamentals of the Legislation of the Russian Federation on Notaries”, it is proposed to legally fix the following: notaries…

May, 05 2021
New rules in the legislation on investment activity: “golden” passports, protection of novice investors, state information system.

Foreign investors will be able to apply for permanent residence permit in a simplified manner Foreign investors who invest assets in the Russian economy, as well as their family members, will be able to obtain a permanent residence permit without the necessity to obtain a temporary one first of all….

Apr, 28 2021
Meetings of shareholders, the board of directors, and creditors will be held online

The draft law that will allow to hold meetings of shareholders, the board of directors, and creditors remotely has been introduced to the State Duma. Should the draft law be adopted, the relevant amendments will be made to the Civil Code of the Russian Federation. Nowadays, when holding a meeting…

Apr, 28 2021
The Ministry of Digital Development proposes to create a specialized court for economic disputes in the field of information technologies

According to the Ministry of Digital Development, the judicial authorities do not have enough competence in the matter of considering disputes related to information technologies at the moment. In this regard, the ministry proposes to create a specialized judicial body authorized to consider cases involving IT companies. A profile court…

Apr, 21 2021
The requirements for the Articles of Association of joint-stock companies will be optimized

The State Duma has adopted in the first reading legislative amendments in the field of corporate law, which contain requirements for the Articles of Association of a joint-stock company. The adoption of the relevant amendments is caused by the analysis of law enforcement practice and the need to optimize the…

Apr, 14 2021