KEY ASPECTS OF DOING BUSINESS IN RUSSIA 2020

Does your company consider to expand to Russia, or already operate on the Russian Market?

Please feel free to use our English-language Guide KEY ASPECTS OF DOING BUSINESS IN RUSSIA 2020.

It presents a brief overview of the main aspects of the Russian legal and tax system as of 2020.

Please fill out your personal data below and we will send you our Guide for free.

Table of Contents

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Russia – Overview

Geography and Population

Political System

Economy 

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Foreign Investment in Russia

Legal Framework for Foreign Investment

Main Incentives to Foreign Investment in Russia

Restrictions on Foreign Investment in Russia

Sanctions

International Sanctions against Russia

Complying with International Sanctions

Penalties for Not Complying with the Sanctions

The Russian Response to the Sanctions

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Legal presence in Russia

The Most Common Legal Forms in Russia

Representative Office or Branch of a Foreign Legal Entity

Russian Legal Entity

Main Differences between an LLC and a Branch of a Foreign Legal Entity

Taxation

Main Legislative Act on Tax Law

Types of Taxes 

Tax Audits

Transfer Pricing

Corporate Profit Tax

Dividend Income Tax

Thin Capitalization Rule

VAT

Corporate Property Tax

Social Taxes

Individual Income Tax

Transport Tax

Сustoms

Customs Legislation

Declarant (Importer of Record)

Customs Payments

Customs duties

Import VAT

Import excise taxes

Utilization and Ecological fees

Customs Control

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Currency Control

Currencies which can be used for settlements in Russia

Transactions subject to Currency Control

Repatriation Requirements

Currency Control of Transactions between Russian and foreign companies

Penalties for Violating Russian Currency Control Regulations

Labor Relations

Labor Legislation

Local labor acts

Employment Agreement

Termination of Employment Agreement

Frequency of Salary Payments

Working hours and Public holidays 

Vacation

Sick leaves and Maternity leaves

General Procedure of Employment of Foreigners

Simplified Procedure of Employment of Foreigners

Penalties for non-compliance with the Migration Requirements

Personal Data Protection

Basic Requirements of Data Processing

Penalties for non-compliance with the Requirements of Data Processing