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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.

Registration of a limited liability company is the creation of a new legal entity, which is associated with the collection and registration of the necessary documents and the deposit of the authorized capital to the settlement account. You can register an LLC either personally or with the participation of a third party. In this case, the applicant will need a power of attorney.

In the intricate landscape of corporate finance, the seamless transfer of money between a parent company and its subsidiary is a critical maneuver that demands strategic planning, precision, and a deep understanding of the intricacies involved. These intercompany fund transfers come in various forms and serve different purposes, but they all share a common thread: the movement of capital within an organization’s internal structure.

A joint venture with a foreign participant is a legal entity formed by merging the capitals of a Russian legal person and a representative of another country. The incorporation of such company is traditionally viewed in a positive way, as it allows attracting foreign capital and foreign technologies to Russia.

When starting a business, any company must choose a taxation system. There are currently two main systems: General system Simplified system The general system usually involves – Value added tax (VAT) 20% + income tax 25% The simplified system has two options: 6% of income 15% of income minus expenses…

Modern business is unimaginable without partnerships. Companies are constantly entering into new agreements, expanding their supply geography, and at times venturing into international markets.