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IN FEW YEARS, HALF OF THE COMPANIES WILL BE REGISTERED ONLINE

Federal tax service plans to increase amount of companies registered via the Internet up to 50%. At the present time, online-registration is used only by 10% of companies.Now online-registration more available for companies. Thus, it is allowed to use online-registration for companies with more than one founder, if founders of…

Apr, 28 2017
HOW TO ORGANIZE BUSINESS TRIP IN 2017?

Documents required to organize business tripOrganization of business trip requires preparation of assignment letter and business trip order. It is important to specify the purpose of business trip within these documents.Business trip certificate is not required.2. Payment for business tripFor each day spent in business trip employee shall receive payment…

Apr, 28 2017
AMENDMENTS TO THE NOTARY LAW SET NEW ORDER FOR USING POWERS OF ATTORNEY

Several amendments to the Notary law came into force and made some significant changes in rules of operations with powers of attorney (POA).Particularly, the changes have affected the procedure for the revocation of POA. Previously, forms of notification of revocation was not specified by law, therefore even notarized POA could…

Apr, 28 2017
LEGAL ALERT – NEW STATE FEE PAYMENT DETAILS FOR WORK PERMITS AND VISAS

State fee payment details for obtaining work permits and invitation for visas have changed.New payment details are:Beneficiary: УФК по г. Москве (ГУ МВД России по г. Москве л/с 04731399310)Beneficiary Bank: ГУ Банка России по ЦФОINN: 7707089101KPP: 770701001Beneficiary account # 40101 810 0 452500 1 0041OKTMO: 45382000BIC: 044525000

Apr, 28 2017
OVER 654,000 COMPANIES WERE LIQUIDATED BY THE DECISION OF THE TAX AUTHORITIES

During 2016 the tax authorities removed more than 654 thousand companies from the Unified Register of Legal Entities (the Register). It is 84% of the total number of companies liquidated in 2016. Such activity of tax service is related to the campaign against „short-lived“ companies launched early last year. In…

Apr, 28 2017
THE FIRST COMPANY WAS FINED FOR BREACHING THE CONTROLLED FOREIGN COMPANIES’ LAW

ince 1 January 2015, Controlled foreign companies’ law came into force. Under the law Russian tax residents and interested persons, that owns a big share of stock (more than 10 percent) of the foreign companies, or that have separated units located abroad (without creating of legal entity) are obliged to…

Apr, 28 2017
SINCE DECEMBER, 21 2016 COMPANIES WILL BE OBLIGED TO DISCLOSE INFORMATION ON BENEFICIAL OWNERS

On  June, 07 State Duma has adopted the law, that oblige companies to disclose information about its beneficial owners. Under beneficial owner is  an individual that directly or indirectly owns more than 25% of the charter capital of the company is meant. According to the amendments, the companies are obliged…

Apr, 28 2017
NEW FEDERAL LAW ESTABLISHES THE TERMS FOR SALARY PAYMENT

On 3 October, new Federal law dated 3 July 2016 will come into force. This law make amendments to the Russian Labor Code estimating the new terms for salary payments.After 3 October, the monthly salary shall be paid not later than 15th day of the month following the payment month….

Apr, 28 2017
LEGAL ALERT – NEW STATE FEE PAYMENT DETAILS

Please, be aware that the state fee payment details for obtaining work permits have changed.Receipts for payment of the state fee with Federal migration service (further FMS) as recipient will be accepted until 10 September if the payment was made before the 1 September.Receipts paid after 1 September with the…

Apr, 28 2017