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Foreigners who have obtained Russian residence permit, are allowed to cross the border. Against myths and fears, Russian law does not impose restrictions on travel, business and study trips or trips related to medical treatment. Similar to Russian citizens, foreigners with residence permit can travel abroad, travel purposes might be…
Cancellation of a residence permit is a problem that is often faced by foreigners living in Russia. Russian legislation provides for more than ten reasons why a foreign citizen may be deprived of residence permit. And some of them run the risk of being unexpected for unprepared person. Reasons for…
The procedure for obtaining a permanent residence permit takes several months. In this case, before the submission of the application and documents it may be required from the foreigner to first obtain a temporary residence permit. This is not so easy, since most migrants apply for it according to the…
The Federation Council is reviewing a draft law “On Specifics of Execution of Judicial Acts, Acts of Other Bodies and Officials, as well as of Overdue Debts Recovery during the Pandemic of the New Coronavirus Infection”. It is assumed that individual entrepreneurs, small- and medium-sized businesses of the most affected…
On June 23, Russian President Vladimir Putin addressed citizens and announced increase in the personal income tax rate to 15% starting January 2021. Such increase will affect individuals whose total annual income exceeds five million rubles and only in the part that exceeds this amount. For example, if a person’s…
Foreigners’ period of stay in Russia is suspended From March 15 till September 15, 2020 the term of the following permits will be automatically suspended: visa; migration card; registration at the place of arrival/residence; However, if foreigner changes place of temporary stay or place of residence, she or he should…
Since June 25, 2020, the highly qualified specialists (HQS) obtained the possibility of a single entry into Russia under the following conditions: • availability of a work permit; • staying abroad. This possibility is set forth in the Parliament’s Decree No. 1671-r dd. June 25, 2020. The following steps need…
The Russian Ministry of communications has proposed to conduct an experiment from July 1 to December 31, 2020 on using electronic passports instead of paper ones. It will be possible to use a specially designed app which is called «Mobile ID». The Ministry of communications will be responsible for designing…
A new Presidential decree amends some provisions regarding foreign citizens. The following permits, which expires from March 15 to September 15, 2020, are automatically prolongated: * Residence/place of stay registration; * Visa; * Migration card; * Temporary/permanent residence permit 2. From June 16 to September 15, 2020 inclusive: * Foreigners…
Time management is one of the top priorities at VALEN. When working on projects, you need 100% concentration and the ability to switch between tasks. At the same time, it is important for us that our colleagues don’t burn out emotionally and recharge their energy outside the office. What are…
Commercial companies usually offer customers and partners not just the products but services as well. It may be the main or associated company’s activity. In any case, if the company provides services, they are subject to accounting. According to the Tax Code a service is an activity, results of which…
Audit according to sectoral accounting standards is a mandatory procedure for companies which are legally bound to comply with sectoral accounting standards. This category includes non-credit financial and microfinance organizations, management companies, and other businesses. For such companies timely and careful reporting is essential part of business legitimacy. Sectoral accounting…
The Mayor of the city, Sergey Sobyanin, has declared that from the 9th of June the self-isolation regime in Moscow is canceled. It means that all citizens (including people who are older than 65 years old) can freely walk around the city without making digital passes. Also, the following restrictions…
Adoption of new Regulation is caused by legislative amendments in the sphere of issuing securities, which are aimed at simplification of that procedure. Legislative amendments significantly simplify the procedure of preparation documents necessary for emission, submission of documents mentioned for registration to the Central Bank and generally makes easier to…
According to legislation, a contract is an agreement of two or more persons include civil rights and responsibilities. Conclusion of contract entails to establishment of a legal connection between parties to agreement. Therefore, in contractual relationship, subjective rights and obligations of parties are realized. An agreement implies contractual obligations: one…
Professional accounting will allow business owners to make decisions without taking unnecessary risk and will protect them from penalties which may be imposed by tax and other inspection authorities. Accounting services imply several directions of work. The first one is reporting and taxation which includes the following tasks: Forming and…
