14Feb

Transfer Pricing Documentation & Reports

We would like to remind you that all Russian companies which performed controlled transactions in the 2022 calendar year must notify the tax authorities by submitting transfer pricing reports by May 22, 2023. Starting from June 1, 2022, tax authorities may request companies to provide the relevant transfer pricing documentation that confirms the transfer prices […]

Posted by Sergey Minyailo
On February 14, 2023

08Feb

Annual General Meetings of a Russian Subsidiary in 2023

Remember to Properly Hold and Document the Annual General Meeting of Shareholders of Your Russian Firm This time of the year all Russian companies should hold Annual Shareholders Meetings. Even when a formal meeting is not held it is important to make proper records and documentation of all shareholders’ decisions. Unfortunately, corporations frequently fail to […]

Posted by Eugene Isaev
On February 8, 2023

02Feb

How to Get a Serbian Residency

This is an article in our series on doing business and living in reliable jurisdictions. Bojan Timotijević from “Welcome to Serbia” Association – our partner company from Belgrade – talks about the ways to obtain a Serbian Residency through opening a company and buying real estate. Key Points: Serbian Residency No requirement to speak the Serbian […]

Posted by Awara
On February 2, 2023

20Jan

How to Open a Bank Account in Türkiye. Awara Guide.

This is an article in our series on opening bank accounts in reliable jurisdictions. Find out in the interview with our Ankara and Istanbul partner how to open a bank account in Türkiye. 1. What is the standard procedure for opening a bank account in Türkiye? Whether individual or company is opening an account a potential […]

Posted by Awara
On January 20, 2023

18Jan

Russian Statutory Audit: Criteria, Characteristics, and Penalties in 2022

We want to remind you that every company is required under Russian law to conduct statutory audits of 2022 in cases when: indicators in financial statements of the company for 2021 exceed the following limits: revenue is more than 800 million rubles, or the amount of the balance sheet assets exceeds 400 million rubles; the […]

Posted by Sergey Minyailo
On January 18, 2023

12Jan

Individual’s Cash Flow Statement (CFS) on Foreign Account

If you live in Russia for most of the year (i.e., you are a resident) and you have an account (bank or brokerage) outside of Russia, you may have to send a cash flow statement to the tax authorities. When you don’t have to do anything You don’t have to file a CFS if two […]

Posted by Awara
On January 12, 2023

01Nov

Awara Guide on Set Up Business in Armenia: Documents & Taxes

We continue our series of articles about doing busiess in trusted jurisdictions. Read about opening a company in Armenia with help from our local partner in Yerevan ArmGate Advisers. What documents are required to open a legal entity The company name, which should be provided in Russian and in English (note that you have to […]

Posted by Awara
On November 1, 2022

16Oct

Awara Guide on Opening a Bank Account in Reliable Jurisdictions to Support Your Russian Business. Chapter 4: Serbia.

Differences, Features, Tips, Pitfalls, and Best Serbian Banks for Russian Companies This is the third article in our series on opening bank accounts in reliable jurisdictions. Find out in our interview with lawyer Anja Andrić from our partner Legal Eagles in Serbia how to open a bank account in Serbia and what the benefits are. What […]

Posted by Awara
On October 16, 2022

25Sep

Awara Guide on Opening Bank Accounts in Reliable Jurisdictions. Chapter 3: Armenia.

We continue our series on opening bank accounts in trusted jurisdictions. Read about opening a bank account in Armenia with help from Yeghiazaryan & Partners Law Firm — our local Yerevan based partner. 1. How to open a bank account in Armenia. First steps. The procedure of opening a bank account in Armenia depends on […]

Posted by Awara
On September 25, 2022

13Sep

Western Sanctions and Retaliatory Restrictions by Russia

We have prepared an overview of the most important legislative changes that affect foreign companies and their operations in Russia. We conduct daily monitoring of changes in Russian legislation in order to provide you with the latest information to make timely decisions. 13.09.2022 Foreigners From Unfriendly Countries Will Be Able to Buy or Sell Stakes […]

Posted by Awara
On September 13, 2022

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