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
Russia – Overview
Geography and Population
Political System
Economy
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
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
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