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17Jan

Putin the Pontiff – Bridge Maker

Updated: 17.01.2019 The word pontiff derives from the Latin pontifex, which in itself is the combination of pons for bridge and fex (facere) meaning to make. Probably building bridges was the most high-tech activity in the Roman times and therefore it found its way to denote the most prominent priests in ancient Rome. Later the […]
14Jan

Scheduled inspections for Russian businesses in 2019

Every year the Prosecutor General’s Office of the Russian Federation publishes a list of companies that are subject for scheduled state inspections. You can find the inspection plan for 2019 here. Please also note that apart from the official plan, a number of unscheduled spot checks (e.g. a tax inspection) may be initiated by the state […]
26Dec

Offshore Zones Will Tighten Control over Tax Residents

Offshore zones ― including popular jurisdictions such as the Cayman Islands, Bermuda, the Isle of Man, Guernsey and Jersey ― are establishing new requirements for residents: companies will be required to open real offices and hire employees. As a result, the costs of an offshore company will be comparable that of a European one. The […]
28Nov

Don’t Lose Revenue in 2019 Because of a New VAT Rate

Due to Inaccurate Specification of Prices in Contracts Your Revenue Could Be at Risk. Check the Terms of Pricing in Your Agreements in the Context of Increasing the Tax Rate of VAT up to 20% Starting from January 1, 2019, the VAT rate will be set at 20% instead of 18%.[1] The new rate applies […]
07Nov

Questions to Consider When Financing a Russian Company (Business Operation)

This article discusses issues which should be taken into consideration when planning the financing of a Russian business. In the long-run, the financing would certainly have to happen through profitable operations, but here we present other options until that point is reached. LIST OF CONTENTS: Financing through share capital injections Contributions to assets Interest on […]
05Nov

Russia has risen 4 places in the ranking of Doing Business

In the World Bank’s Doing Business 2019 ranking, Russia is rated 31 out of 190, which is 4 places higher than last year. Russia did not succeed in achieving the goal set by Vladimir Putin in 2012 to enter the top 20 countries by 2018; nevertheless our country is showing a positive trend every year: […]
31Oct

Special Offer for Recruitment

For all Awara clients, we are offering a reduced rate for recruitment services – 16% of the candidate’s annual compensation Awara finds truly valuable employees for you. We specialize in search and selection of top and middle managers, as well as highly qualified specialists. Starting November 1, we are reducing the rate on all recruitment […]
22Oct

The Government Is Preparing a Series of Measures to Improve Business Climate

Doing business in Russia will become easier: the Ministry of Economic Development, with the participation of entrepreneurs, has prepared a set of measures within the framework of the Transformation of Business Climate Plan (TBC). This project is not temporary: every six months the list will be updated with new initiatives. Already the first package of […]