Blog

Most companies attract independent auditors from time to time, because this is required by law. The cost of audit services is quite high, and it needs to be carried out through accounting, properly taken into account in the balance sheet. According to the laws of the Russian Federation, specialized companies and individual specialists who are included in the register of one of the self-regulating specialized organizations can be engaged in auditing. Accounting of audit services assumes that the company invites independent specialists from outside. Even if there are qualified auditors in the company’s staff, you cannot attract them, because you will not be able to observe the principle of independence and impartiality.

A lease agreement is a civil law document drawn up voluntarily between the owner of an asset and a person wishing to lease this property. The document is the basis for the transfer by the owner of the residential premises to the tenant for a certain fee for temporary use.

Cooperation with foreign partners is a valuable resource for business, which can bring new prospects, customers, and opportunities for development. However, successful cooperation requires a deep understanding of the legislative framework, the specifics of document management and handling of various types of foreign partners. In this article, we will pick apart the key aspects of business with foreign partners, as well as how to work effectively with them.

Since August 2025, foreign investors have been able to legally transfer funds abroad using special new “In” accounts. This became possible after the entry into force of a new mechanism introduced by Presidential Decree No. 436 of July 1, 2025, and the Decision of the Board of Directors of the…

Russian law does not provide an unambiguous definition of consulting services. However, art. 148 of the Russian Tax Code provides a list of such intangible services along with its description. It also includes legal consultation.

Usually, a license agreement is concluded when the parties “share” certain rights, for example, the author of a technical project or industrial model – transfers the rights to use the results of his intellectual activity to others in exchange for a certain reward.

A construction contract is an agreement that is concluded between the main customer and the contractor for construction, installation or repair work. The contract most often involves the achievement of the intended goals by the contractor for a certain time and payment for the work performed by the customer in full and within the terms established by the terms of the contract.

During tax audits, inspectors draw attention to all non-gratuitous services, including consulting, marketing and legal services. Therefore, it is important to correctly conduct accounting of legal services. Moreover, in relation to this type of services, the problem of proving compliance with the legislation requirements may arise. This mainly concerns its inclusion in the structure of expenses for income tax and for VAT deduction.

Conducting tax audit in respect to legal entity, special attention is paid to compliance with legal requirements for accountancy of provided services. Due to active development of information technology, business entities provide customers with online services which have several advantages with increasing frequency. In this regard, question of the correct…

Non-resident is an individual who lives in the country for at least 183 days a year but is not a citizen. As a rule, these are foreigners, sometimes we are talking about stateless people. The basic law that governs the activities of non-residents is Federal law «Concerning the Legal Status of Foreign Citizens in the Russian Federation». It does not provide for significant restrictions on entrepreneurship.

Foreign citizens who want to stay in Russia for long period of time should obtain some necessary documents. In some cases, they can apply for permanent residence permit straight away which allows to stay in the country unlimited period of time, work and do business there. However, most migrants can usually apply only for temporary residence permit first of all.

From September 15, 2025, the People’s Republic of China (PRC) will introduce a visa-free regime for citizens of the Russian Federation: In accordance with the new rules, Russian citizens will be able to stay in China without a visa for up to 30 calendar days. This regime will be in…

The results of intellectual activity are objects of exclusive, as well as other rights that are protected by the state. The protected list of such objects includes a wide list of names, including scientific and artistic works, photo and video images, software, databases, television messages, inventions, breeding achievements, developed technologies, trademarks and commercial designations.

A joint venture is an arrangement between two or more business entities or individuals that agreed to start a new business activity. Each entity contributes assets to the joint venture and agrees on how to distribute income and expenses.

Before conducting a comparative analysis of an employment and civil law contract, it is necessary to understand what each of them represents. The concept and their main features are given in the legislation of the Russian Federation.

In the intricate world of business, various corporate structures and strategies exist, each tailored to meet specific objectives and goals. Among these structures, the concept of a “wholly owned subsidiary company” stands as a compelling example, representing a unique approach to corporate ownership and expansion.