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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…

China and Russia are strengthening their strategic partnership to counter U.S. sanctions and balance NATO’s actions in the region. On 16 May 2024, the leaders of both countries expressed their determination to deepen military, economic and technological cooperation.  An analysis of the documents shows that China is a strategic competitor…

Are you ready to dive into the business world and turn your entrepreneurial dreams into reality?

When starting a new business, understanding the legal structure that best suits your needs is crucial. Two common business entities are the Limited Liability Company (LLC) and the Limited Liability Partnership (LLP).

Since the beginning of the Special Military Operation and the introduction of many sanctions against the Russian Federation, foreign businesses have faced a number of difficulties, primarily forced pressure from their own governments, in order to leave the Russian market and comply with sanctions policies. At the same time, the…