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The Tax Code of the Russian Federation guarantees the protection of taxpayers’ rights in court and the protection of their legitimate interests. That is, in case of infringement of rights and if there is a complaint from a person whose right has been violated, the court is obliged to open a case with the subsequent appointment of proceedings in accordance with the violation.
Despite the misconception of many people, it is not only citizens of the Russian Federation who may engage in entrepreneurial activity as an individual entrepreneur. Foreign nationals have the right to register as an IE on the territory of the Russian Federation on an equal basis with Russian citizens. The…
One of the ways to protect a business and its reputation is to create a trademark. In legal practice, this term refers to the method of individualization of goods or companies and individual entrepreneurs. The presence of a registered trademark will allow you to prohibit or allow business rivals, as well as partners, to use a similar brand or a similar designation. Unauthorized use of someone else’s trademark can lead to civil, administrative and even criminal liability. From June 29, 2023, the self-employed, as well as foreigners, will be able to register trademarks without confirming the status of an individual entrepreneur, if they conduct entrepreneurial activities.
A land lease agreement is a document that fixes the agreement between the landlord and the tenant. The first undertakes to provide the other party with temporary possession of land or part of it. Rent implies payment, as well as the purpose of the land, the need for the tenant to comply with urban planning laws and regulations.
Entrepreneurs sometimes conclude such a type of transaction as a takeover. At the same time, one party to the contract acquires more than 30% of the authorized capital or a controlling stake, and in the future joins the absorbed business to its own enterprise. It is good if this happens by mutual consent of the parties. But sometimes you have to deal with an unfriendly takeover of a company when the owners are actually forced into a deal.
The business is divided into several entities in order to apply special tax regimes, optimize processes and management. There is nothing illegal in the very concept of business separation, however, in some cases, government authorities may have claims against the company. Let’s take a closer look at how to correctly split a business, when necessary, what mistakes can be avoided.
Foreigners who plan to settle in the Russian Federation, issue a document such as a temporary residence permit. It allows you to live and work in the country for three years, freely cross the border at any time, and also apply for a residence permit. For many, the Temporary Residence Permit is not the main document, but only part of the procedure for obtaining citizenship or a residence permit. They live in Russia, using a permit, for only a year, after which they have the right to issue a residence permit. However, the Temporary Residence Permit itself has many advantages. In particular, entry to Russia with a Temporary Residence Permit is greatly simplified for citizens of a number of states. There is no need to apply for a visa, while the law does not restrict the foreigner in the number and frequency of entries and exits.
The law requires to record and systemize information about the objects of business activity – this is what accounting is particularly involved in. It implies that professionals will form financial reports on the main document flow basis of the company which will help internal and external users to assess the company’s activity.
Structuring business processes is one of the ways to optimize the business of a company. In a broad sense, structuring is understood as a change in the organization of a business, the creation of divisions, separate business units, between which assets and functions are distributed. This procedure is suitable not…
Unfriendly countries are foreign states that commit actions of an unfriendly nature against Russians and Russian companies. According to the state authorities of the Russian Federation, these actions consist in the introduction of economic and political sanctions, the expulsion of diplomats, the tightening of visas for Russian citizens and other prohibitive or restrictive measures.
A joint–stock company is an organizational and legal form of activity of an enterprise whose authorized capital is divided into a certain number of shares (shares). The owners of the shares, in turn, have the right to receive economic profit from the ownership of the asset (receiving dividends) and making decisions regarding the work of the company as a whole.
A joint venture with a foreign participant is a legal entity that is formed by means of a merger of capital between a Russian entity and a representative of another country. The establishment of such a company has traditionally been seen as positive because it allows the attraction of foreign capital and foreign technology into Russia.
M&A transactions (mergers and acquisitions) is the process of combining the capital and other assets of two or more companies to consolidate operations and conduct common activities. As a rule, such transactions allow companies to increase their profits by expanding spheres of influence and consolidating the market. Mergers and acquisitions are regulated by the law “On Joint Stock Companies”. A merger is the process of merging two or more companies that form a new legal entity. The newly created company receives all the rights and obligations of other organizations. In this case, liquidation can be implied with the subsequent transfer of assets.
There are two main dispute resolution mechanisms in the Russian legal system. The main and most frequently used method is the judicial procedure for conflict resolution. However, the second method, the pre–trial dispute settlement procedure, is gaining popularity for various reasons.
