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The Ministry of economic development has taken the initiative to grant permanent residence permit to those foreign citizens who are willing to invest in the economy of the Russian Federation. Foreigners will be able to obtain permanent residence permit in Russia in simplified manner if certain legislative requirements are complied…

A draft law that will tighten control over foreign electronic wallets of Russian citizens has been introduced to the State Duma. What amendments does the daft law provide for? operations on foreign e-wallets will be equaled to transfers on accounts in foreign banks; Russian citizens will be bound to report…

A residence permit is a document that gives a foreigner the right to reside in Russia. The validity of a residence permit is unlimited if it is not revoked through the courts. The standard procedure for processing documents requires that a foreigner first obtain a temporary residence permit, then stay…

The claimant filed a claim on invalidation of a transaction which, in its opinion, was concluded by the previous management in order to give preference to a specific creditor in the bankruptcy procedure, what served as the ground for its challenge. It should be noted that in accordance with the…

The Law on Digital Financial Assets (DFA) was adopted at the end of August and will come into force on January 1, 2021. The law regulates digital rights, rules for their issuance and accounting, transactions and also indicates the concept of cryptocurrency and its status in the Russian market. The…

The President of the Russian Federation has signed the law, that relieves small and medium-sized businesses from paying taxes in 2020. This measure has been adopted in the framework of dealing with the consequences of coronavirus infection spread. What is required to be relieved from paying taxes? company shall be…

The Prime minister of the Russian Federation Mikhail Mishustin has signed the Government’s decree establishing the order of granting days off and non-working holidays in 2021. The number of public holidays in 2021 fall on Saturday and Sunday. Thus, it was decided to postpone them to other dates. In this…

Ministry of economic development of the Russian Federation has prepared a draft law that will allow foreign companies to obtain necessary license for doing business without setting up a legal entity. In accordance with current legislation a foreign company is bound to create legal entity in Russia – a subsidiary…

Joint venture agreement is one of the key documents that have a crucial meaning in building a joint venture. For this reason, to develop a draft which will protect your interests you should answer the questions and take into account the factors listed below. Who are your partners? The company…

The Government of the Russian Federation has prepared amendments to the federal migration legislation in terms of regulating the foreign citizens’ entry into the country. In accordance with prepared amendments it is proposed to simplify the procedure of obtaining ordinary private visas by foreign citizens who have close relatives –…

In accordance with the Decree of the President of the Russian Federation № 580 the validity term of permits for foreign citizens and stateless persons that allow them to legally stay in Russia has been extended till December 15, 2020. In particular, the following documents will be prolonged: visa; temporary…

A draft law providing for amendments of federal legislation regulating foreign investments in terms of accreditation procedure for branches and representative offices of foreign legal entities is introduced to the Russian Parliament. Therefore, which amendments does draft law provide for? accreditation procedure will be shortened by 10 days. Thus, the…

The term “mergers and acquisitions” (M&A) in international course of business usually means transactions that result in the transfer of property, possession, or rights of control in relation to business from one person to another on the basis of contract. It should be noted that the term “mergers and acquisitions”…

Authorities on submitting to Federal tax service an application for setting up a company or registering a natural person as sole proprietor may be delegated to notaries. It is proposed to impose on the notary duty not only to certify the authenticity of signature on the application for state registration…

Every year, many legal entities either appear or cease to exist on the business market. However, it quite often happens that this or that company wishes to expand its scope of activities, and in this regard, decides to “connect” with another company, pursuing various goals. This is why the role of the transactions known as “mergers and acquisitions” has become much more important recently. Below, we shall consider this phenomenon in detail.

In accordance with the draft Resolution of the Government of the Russian Federation, process of accreditation of companies from IT sphere will be significantly facilitated due to simplification of some mandatory procedures. The following changes are proposed: to introduce possibility of applying for accreditation through the Public services portal. At…