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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…
Previous version of migration legislation provided for the possibility of extending permanent residence permit (PRP) of highly qualified specialists (HQS). Meanwhile, there was no need to go through the entire procedure of PRP obtaining once again. It was enough to submit a corresponding application to the migration authority. However, in…
Foreign citizens who want to stay in Russia on permanent basis need to obtain temporary residence permit (TRP). This document allows to stay in the country for three years, but in most cases TRP policy is issued for the purpose of obtaining permanent residence permit (PRP) in future. The thing…
Given the global digitalization and personal data protection, we would like to bring to your attention the main aspects of the Russian Law on Personal Data which any foreign business operating in Russia should take into consideration. What do foreign entrepreneurs need to know? “Localization” of data bases What does…
During pandemic, a growing number of companies are forced to transfer employees to remote work. This led to a lot of misunderstandings arisen in the relationship between employer and employee. To clarify the situation, the Parliament members adopted in the third reading amendments to the Labor Code regulating remote work….
