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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…
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…
When launching a new business, one of the pivotal initial steps is to establish a business bank account. This might seem like an additional bureaucratic hurdle, but the benefits and safeguards it provides far outweigh any initial setup effort.
Anti-sanctions legislation is a key aspect in structuring corporate transactions and a priority point of legal review of assets with a foreign component. The application of this legislation affects the timing of transactions, the amount of additional financial expenses of the parties and, in certain cases, the legality of ownership…
When choosing between establishing a subsidiary and a branch in the Russian Federation for export, it is recommended to give preference to the establishment of a subsidiary. Branches of foreign companies in the Russian Federation have corresponding financial obligations as well as Russian organisations, subject to appropriate conditions. This includes…
If the buyer of shares or shares in Russian organizations in the form of an LLC or JSC is a person from an unfriendly state, it is necessary to follow a special procedure defined in Presidential Decrees No. 81, 618 and 737. According to the above-mentioned decrees, in order to…
The State Duma has passed in the first reading a bill on the creation of new economic zones in the Belgorod, Kursk and Bryansk regions. Entrepreneurs will receive the same privileges as in the Donetsk and Lugansk People’s Republics, Zaporozhye and Kherson regions. The Russian Ministry of Economic Development will…
In today’s fast-paced business landscape, companies are constantly seeking innovative ways to drive growth and expand their market reach. One strategy that has gained significant traction in recent years is business development outsourcing. This comprehensive guide explores the ins and outs of business development outsourcing, its benefits, challenges, and how companies can leverage this strategy to achieve their growth objectives.
In today’s complex business landscape, organizations are constantly seeking ways to enhance efficiency and streamline operations. One strategy that has gained traction in recent years is internal audit outsourcing. This approach involves partnering with third-party firms to conduct internal audit activities, ranging from risk assessment to compliance monitoring.
Outsourcing has long been a topic of debate, with proponents praising its cost-saving benefits and efficiency improvements, while critics argue it leads to job loss and quality concerns. In this article, we delve into the complexities of outsourcing to determine whether it’s ultimately good or bad for businesses and economies.
The Russian government is considering simplifying entry conditions for foreign investors willing to invest in projects from 50 million roubles. This initiative is aimed at attracting investment from friendly countries. The possible interest of foreigners will be determined by specific projects available for investment. For whom visas will be simplified…
