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There are two main dispute resolution mechanisms in the Russian legal system. The main and most frequently used method is the judicial procedure for conflict resolution. However, the second method, the pre–trial dispute settlement procedure, is gaining popularity for various reasons.

The procedure for resolving tax disputes is regulated by law. The conflict can be settled in court and pre-trial, but conflicts over the calculation of taxes are associated with difficulties for one of the parties. After all, in fact, the dispute is between a citizen, a company and the state.

Contents: What steps are usually required to register an LLC in Russia? Requirements for the founder What documents do I need to collect? How to calculate taxes? Can a citizen of Kazakhstan open an LLC on the territory of the Russian Federation? This question is asked by many immigrants to…

Contents: Important legislative aspects Types of mergers and acquisitions The Russian aspect of mergers and acquisitions Disadvantages of mergers and acquisitions Procedure for conducting mergers and acquisitions Do I need to get permission for mergers and acquisitions? Results Mergers and acquisitions (M&A) are important strategic tools for the development and…

Since March 2022, foreign companies and large corporations have begun to leave the Russian market. According to experts’ preliminary estimates, more than 250 companies have left the domestic business market. However, not everyone is leaving Russia. For many brands, our country remains a large and reliable market for their products and services. However, for some companies, the form of presence in our country is changing and transforming. In this article, we will explain in detail whether foreign companies are operating in Russia, and how this is structured?

Opening a branch or representative office of a foreign company in Russia means transferring part of the ready-made business from abroad to Russia. In essence, the entrepreneur does not need to re-create the business structure in another country. It is enough to relocate a ready-made entrepreneurial project to another country and resolve a number of issues on the ground, for example…

Russian legislation provides a special procedure for the final termination of commercial activity, without transfer of rights and obligations. Each stage of legal entity’s termination is regulated by law. In case of law violation, the procedure may be delayed for a long time or come to a standstill, which is disadvantageous for company’s owner and threatens with large fines.

Russian legal system provides two main ways of dispute settlement. The main and most frequently used method is a trial settlement of conflicts. However, for a variety of reasons, the second method – pre-trial dispute settlement, is gaining increasing popularity. Its essence is in avoiding of lengthy litigation and related financial, opportunity and other costs.

Accounting – is a system of collection, registration, and analysis of data about company’s business activity in financial terms. Russian legislation requires all companies to keep accounting. Even sole proprietors must comply with these requirements. Accounting data help to assess conditions of company’s affairs, however accounting mistakes may lead to serious consequences such as gross fines from state authorities.

An association of companies is a form of economic activity that involves the presence of several organizations. The association is necessary to create a single organism for the coordination of their industrial, scientific and other activities, as well as to solve joint economic and social problems. In essence, this is what is called the joint activity of companies.

Liquidation of a foreign legal entity is a multistage procedure introduced by the state and resulting in cessation of operations by companies. After a company officially closes, these data are recorded in the corresponding register and the company is registered as liquidated. At the same time, all its subsidiary offices abroad should also commence the liquidation procedure according to the legislation.

According to art. 52 of the Civil Code of the Russian Federation, legal entities act on the basis of the articles of association (AoA), which shall be approved by their members. The AoA of commercial corporations (JSC or LLC) is the main document regulating their activities. Also, the AoA contains basic information about the company making possible its identification. Company members can also draw up a memorandum of association (MOA) governing the establishment of an enterprise.

Residence permit – is a document that grants foreign citizens the right to permanently live in Russia, do business, freely move from region to region as well as cross Russian borders. Residence permit grants a foreigner almost the same amount of rights as Russian citizens have and imposes very few restrictions.

Foreign citizens planning to move to one of Russian cities should obtain the document which is called residence permit. It gives them the same rights and obligations as Russian citizens have with few exceptions. Official status relieves foreigners from need to leave country from time to time or stay within the same region. Having a residence permit, a foreigner can freely travel within the country, move from region to region, change jobs, and cross the Russian border as many times a year, as necessary.

Registration of a company, namely a limited liability company, is not a complicated or labor-intensive procedure today. To do this, it is necessary to have one or more founders, an authorized capital of more than 10,000 rubles, a charter, a protocol on the establishment of an LLC and an agreement if there are several founders. The latter document performs a rather important function – it fixes the size, procedure and terms of payment of shares in the authorized capital for each of the founders in order to avoid a dispute.

Every labor relations participant has the right to protect their rights and freedoms, including with the support of the State. This is stipulated by the legislation of the Russian Federation. It follows that employees and employers can resolve labor disputes not only administratively, but also in court. According to the Labor Code of the Russian Federation, the resolution of labor disputes in court is the main way to protect the interests of the parties.