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According to the new rules adopted by the Ministry of Economic Development, participants in limited liability companies now have the right to sell a share based on a market valuation. Previously, the amount from the sale of a share directly depended on the book value, which was most often lower…
In 2022, restrictions were imposed on certain transactions (operations) to which residents of “unfriendly” countries are a party. For the first time, the concept of an “unfriendly country” appeared in 2018 with the approval of the federal law “On Measures to influence (counteract) unfriendly actions of the United States and…
The permission of the Government Commission to conduct transactions in the purchase and sale of shares in the authorized capital of an LLC, the purchase or sale of shares in a joint stock company or other transactions affecting the activities of such organizations is regulated by a special procedure established…
Opening a bank account in Russia can be a vital step for individuals and businesses seeking to engage in financial transactions within the country. With its unique banking system and regulatory environment, understanding the process and requirements for opening a bank account is crucial. In this guide, we’ll walk you through the necessary steps and considerations to successfully open a bank account in Russia.
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…
