In Russia, a fiscal representative is not compulsory when a local or foreign company registers for the payment of taxes. Even so, it is recommended for a tax representative to be in charge of the collaboration between companies and the tax authorities in Russia. In the following lines, you can…
Special Economic Zones in Russia(SEZ) are designated areas within the country that offer favorable conditions for investment and economic development. These areas offer foreign investors certain advantages such as: tax breaks, customs exemptions, and streamlined regulatory procedures for businesses operating within SEZ. If you are interested in opening a company in…
Gambling activities in Russia, with some exceptions, have been prohibited since 2009, according to the federal laws for gaming. Regions like Kaliningrad, Primorsky, Sochi, and Altai are considered legal gambling zones in Russia where foreign investors can set up their casinos for gaming purposes. Knowing the specific requirements for opening a company in the…
There are no specific rules for setting up a trust in Russia, although several attempts to change succession rules and introduce more flexible succession tools have been made by the local government. Our experts in company formation in Russia can give you extensive details about the rules and regulations concerning the procedure of…
A merchant account in Russia is a type of bank account that is used by businesses that perform debit and credit transactions. Investors who want to open a company in Russia will require a merchant account, especially if they carry out their business operations through a website. When setting up a merchant account in Russia, the investors may choose from…
Foreign investors can register a general partnership in Russia. Such structure can be incorporated under three types of business forms, each one of them offering different advantages and obligations to its investors. Businessmen who want to open a company in Russia as a general partnership should know that the local legislation allows both natural persons and legal entities…
Joint stock companies and limited liability companies are the two most common types of legal corporate entities under the Russian corporation laws. Under the current legislation, joint stock companies can be further divided into two kinds - public and non-public. Our company formation representatives in Russia are at your service if you would like to set…
Foreigners who want to set up a foundation in Russia are invited to discuss all the formalities with one of our company formation representatives. With vast experience in this field, our local agents can properly manage the procedures and guide entrepreneurs throughout this process. In the following lines, you can discover…
Foreign investors who are operating a company in Russia are entitled to benefit from the provisions of the double taxation treaties signed by the representatives of the state. Russia signed several treaties for the avoidance of double taxation with various countries worldwide. The main aspects of a double taxation agreement (DTA) refer to various tax reductions or exemptions applicable to companies or natural…
According to the Russian legislation, all companies incorporated here must register their daily accounting activities and respect the Russian law with the help of our accountants in Russia. The fiscal and commercial law requires companies to submit their accounting documents once in a financial year, which corresponds to the calendar year. If you want…
