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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.

Russian companies are increasingly developing business ties with BRICS countries. While expanding cooperation opens up new markets and opportunities, it also creates significant risks ranging from legal differences and weak judicial practice to sanctions, restrictions and cultural barriers in negotiations. To minimise potential problems, it is necessary to conduct a…

The contract of sale is a document that certifies in writing the transfer of ownership from the seller to the buyer. This type of transaction implies that the seller assumes the obligation to transfer the goods to the buyer together with all accessories and documents within the prescribed period. And the buyer promises to accept this product and pay a certain amount for it.

The civil legislation of the Russian Federation means by a contract an agreement between two or more parties. This agreement creates, modifies or terminates the respective rights and obligations of the contracting parties.

A corporate dispute is a disagreement arising within a certain company and related to its creation, management, reorganization, profit distribution or liquidation. A conflict may arise between shareholders, legal entities, sole proprietors, commercial and non-profit organizations, as well as affect the interests of small firms and large-scale corporations.