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Russian law defines a contract as an agreement between two or more parties. This agreement necessarily creates, transforms or cancels the rights and obligations between those who signed the contract. In other words, a contract is a type of civil transaction.
Russia has one of the largest economies in the world as well as a significant domestic market. Foreign investors interested in establishing a business in the nation are drawn to the country’s economic potential. The nation has many special economic zones that attract investment in industries like industrial production, research and development, logistics, and tourism.
In recent years, Russian companies have been actively expanding their operations in the Middle East and North Africa. The United Arab Emirates and Saudi Arabia, as well as Egypt and Qatar, remain the most popular destinations. The region offers favorable conditions for developing trade, services, and technology projects, but requires…
Kazakhstan is one of the most popular destinations for relocating your own business from Russia to another country. Recently, such a step has become especially relevant for companies working in the field of international trade – exporting and importing goods from or to the Russian Federation, as well as looking for a reliable territory for transit.
Moscow, April 13. – The Russian government has submitted to the State Duma a draft law on the ratification of the Agreement on Economic Partnership between the Eurasian Economic Union (EAEU), its member states, and the United Arab Emirates. The corresponding document (No. 1205740-8) was posted in the legislative activity database…
The Russian government has submitted a package of bills to the State Duma aimed at regulating digital currencies and digital rights. The documents, among other things, introduce strict requirements for crypto market intermediaries and limits for non-qualified investors. Key Provisions of the New Regulation Intermediaries – Licensed Only. Only brokers who…
The issue of advertising on digital platforms with limited access has finally entered the realm of practical application. Following the first cases involving advertising on Telegram and YouTube, the antimonopoly authority reaffirmed the general ban on advertising on such platforms, while simultaneously granting market participants a transition period until the…
The initiative to limit the influence of marketplaces on product prices is no longer just a topic of market debate and is gradually taking shape as a systemic concept for trade reform. The draft new national trade model proposes enshrining the principle that determining the price of goods should remain…
Contents: The Rationale Behind a Dubai Bank Account Establishing an Account in Dubai: A Step-by-Step Guide Step 1: Ascertain the Appropriate Account Typology Step 2: Compile the Requisite Documentation Step 3: Substantiate the Provenance of Funds Step 4: Undertake a Personal Visitation to Dubai Step 5: Await the Adjudication Step…
Since March 2022, foreign companies and large corporations have begun to leave the Russian market. According to experts’ preliminary estimates, more than 250 companies have left the domestic business market. However, not everyone is leaving Russia. For many brands, our country remains a large and reliable market for their products and services. However, for some companies, the form of presence in our country is changing and transforming. In this article, we will explain in detail whether foreign companies are operating in Russia, and how this is structured?
Escalating geopolitical tensions in the Middle East are having a systemic impact on international trade, logistics, financial transactions, and corporate resilience. Restrictions on shipping through strategic routes, disruptions to banking infrastructure, and increasing sanctions pressure are creating a complex set of risks that require companies not only to respond quickly…
Valen Group recently brought together entrepreneurs and business representatives from around the world for a webinar dedicated to the practical aspects of entering the Russian market. Participants learned about opportunities, key steps, and real challenges that companies face when starting operations in one of the most dynamically developing economies. The…
As part of the policy to increase economic transparency, a bill to establish a national system for confirming pending delivery of goods (SPOT) has been approved. The proposed mechanism establishes a new model for monitoring the import of goods from Eurasian Economic Union member states and is aimed at systematically…
Amendments tightening requirements for the use of Russian in public information will take effect on March 1. These amendments affect a wide range of businesses, from retail and service providers to developers. This is not a complete ban on foreign languages, but it does establish the priority of the Russian…
