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The complexity of making transactions with foreigners in Russia has become a significant aspect of the business environment since the introduction of the requirement for coordination with the Cabinet of Ministers. Since that time, entrepreneurs have to face additional procedures and restrictions, especially in the case of transactions with persons…
By opening a foreign company or representative office, entrepreneurs can significantly save on logistics and taxes. They also provide the opportunity to obtain residence permits and access to foreign financial systems and banking procedures that are currently unavailable in Russia. Since 2022, Russian companies have opened more than 11 thousand…
The annual meeting in 2024 may be held in person, remotely or in absentia. In order to decide on the form of meeting that is suitable for society, you can evaluate their pros and cons with their risks. To this end, refer to the following criteria. Are special provisions needed…
Sometimes the founders of companies decide at the last moment to refuse to register a company. In this case, there is a procedure that allows you to do this even after sending the documents to the registration authority. The following steps must be taken to cancel registration: Form P11001 is…
The issue of simplifying the conditions necessary for registration of legal entities in the Russian Federation by foreigners from unfriendly states is being actively discussed. At the moment, such investors need to obtain a decision from the government commission. The authorities believe that the state needs to attract investments nowadays….
A bill on simplifying the process of legalizing foreign documents has been submitted to the State Duma. Thus, it will be possible to confirm the authenticity of documents in 40 more regions besides Moscow. Namely, where there are territorial divisions of the Ministry of Foreign Affairs. The new bill proposes…
The authorities are preparing amendments to the Arbitration Procedure Code and the Code of Administrative Offences to improve the work of the judicial system. After the discussions, the authorities unified all the collected proposals and sent them for further consideration. In addition, the authors will separately consider the possibility of…
Russian legislation offers two options for a simplified taxation system (STS) – 6 and 15 percent. USN is very convenient and beneficial for business: no need to pay VAT and income tax. accounting is reduced to a minimum. reporting once a year. In this article, we will take a closer…
In 2022, a moratorium on unscheduled inspections of businesses by supervisory authorities was introduced. The government has extended this measure for 2024 – inspections will be carried out on a reduced number of grounds. This norm is aimed at business development and overcoming anti-crisis measures. An unscheduled inspection can be…
The government has decided to extend the parallel import mechanism for the next 2024, however, the list of imported goods under it will be consistently reduced. The authorities report on perpetual work to adjust both manufacturers and nomenclature, according to which Russian legal entities reach the set amount and quality…
A number of amendments have been adopted to the migration legislation, which relate, in particular, to the regulation of the work of highly qualified foreign specialists (HQS). Thus, starting from March 1, 2024, the salary of a highly qualified specialist will be increased and calculated quarterly. Based on the amendments,…
In the intricate landscape of mergers and acquisitions (M&A), HR due diligence serves as the linchpin for informed decision-making. It goes beyond financial and legal evaluations, providing a comprehensive assessment of the human capital within both the acquiring and target companies.
