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The Ministry of Digital Development of the Russian Federation has taken the initiative to oblige foreign IT-companies to pay personal income tax on the salaries of staff members employed in Russia. This measure is proposed as a way to equalize the business conditions of Russian and foreign companies. It is…
Any contract, as a legal form of agreement on the main points of the transaction, is concluded (in most cases) between the two parties. It contains a list of the rights and obligations of the participants, which begin to take effect from the moment of mutual approval by signatures.
From March 1, 2021, legislative amendments in the field of advocacy come into force, according to which lawyers who are deprived of their status for certain reasons will not be able to represent the interests of their clients in court. This will apply to the situations when the status of…
Simplified procedure for accreditation of foreign companies’ subsidiaries and representative offices The relevant law was adopted in its final form on February 24, 2021 and will enter into force on August 23, 2021. What changes does the law provide for? The duration of accreditation procedure has been reduced – now…
The Ministry of Economic Development has prepared a draft law which should expand the possibilities for insuring the civil liability of top managers for economic damage to their companies and third parties as a result of decisions made within the scope of their official duties. Currently, the Russian Civil Code…
The Government of the Russian Federation proposes to oblige all foreign citizens coming from the EAEU countries for the purpose of carrying out work activities in Russia to undergo a number of the following procedures: fingerprint registration; photography; biometric identification; medical examination. All labor migrants staying on the territory of…
Temporary identity card (TIC) of stateless persons is a novelty of the Russian legislation. TIC is a document that is issued to a stateless person to confirm his identity and temporary stay on the territory of the Russian Federation. A stateless person will be able to apply for the specified…
The spread of the pandemic and the adoption in this regard by state authorities of several restrictive and stimulating measures has left its mark on almost all spheres of public life. Relationships that arise when dealing with distressed assets are no exception. How did the life associated with work with…
The Government of the Russian Federation has taken the initiative to tighten the legislation in the field of liability for criminal bankruptcy, which includes the following actions: illegal actions in bankruptcy; deliberate bankruptcy. Provisions of draft law provide for tougher measures of liability in relation to the beneficiaries and managers…
The Ministry of Economic Development of the Russian Federation is preparing to launch an ecosystem within which a digital platform functions, combining all services for medium and small businesses. The ecosystem will allow you to select targeted tools to support business entities. 197 services are currently available to entrepreneurs- the…
The Ministry of Foreign Affairs of the Russian Federation has declared that issuance of electronic visas for foreign citizens has been suspended due to the spread of coronavirus infection. It was earlier reported that issuance of electronic visas would have begun on January 1, 2021. The new procedure of issuing…
With the appearance of the Law on Combating Money Laundering and the Financing of Terrorism, each legal entity is obliged to provide information about its beneficial owners * at the request of the authorized body (Financial Intelligence Unit) or tax authorities. * Beneficial owner is an individual who directly or…
The Decree of the Russian President dd. December 15, 2020 No. 791 on the extension of validity period of all permission documents for foreign citizens during a pandemic has been recently published. Thus, the term has been extended until June 15, 2021. The decree also provides that the extension of…
The Ministry of economic development of the Russian Federation has taken initiative to amend the Federal laws on joint-stock companies (JSC) and limited liability companies (LLC) in order to fix in these legislative acts the provision on reorganization of business entities with simultaneous combination of its various forms. It should…
Making an invitation for a Russian visa is a rather time-consuming procedure that requires preparation. If you are planning to make an invitation for visa to Russia to a business partner, friend or relative, first you need to determine exactly the following: time of the trip; where the foreigner will…
