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At the moment, the law obliges companies to pay only 10% of half of the market value of the company’s assets. Now the percentage will increase to 15%, which will complicate the exit procedure – the new law indicates that this percentage is paid from the full value of all…
New rules are being introduced on securities trading platforms – now violators may face criminal liability if violations are detected. The Moscow Exchange acted as an assistant to the Central Bank in regulating legal relations in the market. Most of the new sanctions that the authorities have developed against violators…
There are forms of two contracts for opening and maintaining an account in digital rubles. One of the agreements of the Central Bank, which is the operator of the platform, is concluded with users (natural persons, legal entities or sole proprietors). The second agreement is concluded with participants (credit institutions)….
The Parliament approved a draft law that changed the rules for opening accounts by foreigners in Russia. Amendments to the law allow Russian banks to identify foreign individuals and legal entities with the help of foreign banks. It is also allowed to open a bank account in the territory of…
Now it has become possible to open a company in just one day. To do this, you need to use the “State Online Business Registration” service and fulfill the following conditions: The action of the LLC is carried out on the basis of a standard charter. The applicant has an…
In the second quarter of 2023, the Supreme and Constitutional Courts of the Russian Federation adopted new resolutions in the areas of payment of corporate income taxes in bankruptcy. New laws and updates were posted on the official website of the Federal Tax Service of Russia. Some of them will…
The Cabinet of Ministers will reduce the terms of accreditation for business soon. Currently, accreditation takes 61 working days, but after consideration of the new terms, it will be reduced to 54. According to preliminary estimates, accreditation will now be carried out 11.5% faster. The new resolution has already been…
In the realm of corporate structures and business relationships, the concept of a subsidiary company holds significant importance. A subsidiary company is a cornerstone of corporate strategy, providing avenues for expansion, risk mitigation, and organizational diversification.
The Federal Law “On Electronic Signatures” has been amended and the rules for the use of electronic signatures have been updated. The use of qualified employee certificates by legal entities has been extended until August 31, 2024. However, since September 1, 2023, accredited certification centers cannot issue these certificates for…
Vladimir Putin has frozen almost half of the tax agreements currently in force. However, due to the partial nature of the cancellation of tax agreements, the consequences of these amendments will affect essentially only legal entities. In accordance with the adopted amendments, almost all payments in favor of foreign companies…
Our company was established in 2012, 8th August. We leaved behind 11 cool years – and more achievements and succsses lie ahead. Follow us in Instagram valen_group and in Telegram https://t.me/valengroup. There are many intresting facts about company life
From August 1, an electronic visa system for citizens from 55 countries of the world will start operating in Russia. An e-visa does not require invitations or confirmations from the host party, it is not necessary to be present in person, and the waiting period is up to 4 days….
In September 2023, a pilot project of online business registration will begin. The authors of the project are also considering the possibility to remotely select a bank for a corporate account and issue an EDS. The project will be until May 2025, after which, if it becomes successful, it will…
The President and the Government of the Russian Federation have decided to start issuing electronic visas for entry into Russia. Initially, the list of countries whose citizens will be able to apply for electronic visas was 52 countries: Andorra, Austria, Bahrain, Belgium, Bulgaria, Vatican City, Hungary, Germany, Greece, Denmark, India,…
The opening process of LLC for foreign citizens and companies in Russian Federation has always been possible. Nowadays they can act as founders in Russian companies without restrictions. However, persons from “unfriendly countries” are facing number of limitations. We have prepared short-list of the most important questions. Can a foreign…
