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On August 22, the Commission of the Government of the Russian Federation for the control of Foreign Investments decided to remove the restriction on the crediting of dividends or the distribution of profits by shares and shares in Russian LLC and JSC, cooperatives to the settlement accounts of foreign banks….

Now, as before, our clients can pay with their foreign bank card. After confirming scope of work, we will send you a link for payment. You will be charged the amount in the currency of your card at the exchange rate of the US dollar of the card issuing bank….

The concept of NFT may soon appear in the law. Such a measure will protect the rights of holders of non–interchangeable tokens – NFT. An NFT (non-fungible token) is a non-interchangeable or unique digital accounting unit for a unique object. Such a token can be assigned to an image, video,…

Business leaves Russia mainly through the conclusion of mergers or acquisitions of companies. Many companies announced in March their desire to reduce investments in the Russian Federation, at the same time, the actual projects implemented are no more than 50 percent of the announced ones. This trend shows that many…

The Ministry is going to amend the law to regulate the NFT (immutable token) in the regulatory process. At the moment, the current legislation does not contain the possibility of issuing NFT, regulation, turnover and protection of token buyers, as well as their attitude to intellectual property rights. It was…

The Ministry of Foreign Affairs has clarified the entry rules for foreigners in connection with the lifting of Covid restrictions. In addition to a passport and a valid visa, a PCR test with a negative result is also required. Now, from 07/15/2022, foreigners can enter Russia without additional restrictions on…

Let ‘s list a number of legislative innovations: 1. An online database of malicious traffic violators is launched. 2. Companies and individual entrepreneurs will be able to use the new procedure for paying taxes, fees, insurance premiums, penalties, fines by transferring a single tax payment to the state budget. Also,…

From July 15, 2022, all previously imposed restrictions on border crossing related to coronavirus will be lifted in Russia. Government Orders No. 635-r of March 16, 2020 and No. 763-r of March 27, 2020 are cancelled. Prior to that, on June 14, restrictions on the entry of foreigners into Russia…

The Ministry of Industry and Trade has compiled a list of goods that can be imported into the Russian Federation through parallel imports. Recently, retail has faced a shortage of brands, the import of which was banned in Russia. Many people are still mistaken that parallel and gray imports are…

The bill also provides for the possibility of VAT exemption for individuals. Deputies are considering a bill that will simplify the receipt of a tax deduction in the form of a zero VAT rate for exporters of Russian goods. A taxpayer who intends to receive zero export VAT is obliged…

The Parliament approved a draft law on simplified obtaining a residence permit for foreigners working in the field of information technology. This will affect employees of Russian companies accredited in the Ministry of Finance. To obtain a residence permit, such foreigners will not need to issue a temporary residence permit….

The Ministry of Finance has abolished the requirement to sell proceeds to raw materials and non-raw exports, as well as foreign exchange business contracts. The new rules come into force on June 10. Prior to that, on June 09, Russian President Vladimir Putin canceled the requirement for the sale of…

The Tax Service has extended the ban on blocking business accounts with arrears for one month. The moratorium is valid until July 1, after which debtors will be required to repay the tax debt within two weeks. The ban on blocking business accounts with debts to the budget was introduced…

The State Duma adopted in the first reading a bill on the management procedure in foreign companies, where the share of foreign business is more than 25 percent. It is permissible to introduce external management only in companies that intend to leave the Russian market. External administration can be introduced…

Russian business will get the right to purchase foreign companies that intend to leave the Russian market. The measures are aimed at adapting the Russian economy and preserving jobs. The government has approved 14 new measures to maintain the stability of the Russian economy in the face of sanctions. The…

Due to the coronavirus, there are restrictions on entry to Russia for foreigners. There is a list of countries whose citizens are allowed to enter Russia for tourist purposes. In this case, entry is allowed by air transport. To enter Russia, a negative PCR test in Russian or English will…