12Sep

Electronic Signatures, Electronic VAT invoices & Source Documents

Following changes in the law you can now take the leap into the modern world of electronic (digital) document flow in Russia. Now the Russian law and practices will allow: electronic signatures; electronic VAT invoices; electronic accounting sources documents; electronic contracting; electronic document flow between companies and with state organs (such as the tax authority). […]

Posted by Eugene Isaev
On September 12, 2012

23Jul

Risks with Collecting & Processing Personal Data in Russia

Many activities require the processing of information about individuals and legal entities: security (background checks), due diligence on people, database creation, promotion of goods and services (marketing), and others. The federal law “On Personal Data,” passed last year (hereinafter the “Personal Data Law”), introduced some amendments that concern these procedures. With this law in mind, […]

Posted by Awara
On July 23, 2012

20Jul

Personal Data Protection in Ukraine

It has been more than a year now since the personal data protection law took effect in Ukraine. Another related law took effect on July 1, 2012 — that is the law providing for fines for failure to comply with the personal data protection law. The term “personal data” is understood to mean details of […]

Posted by Elena Mashkova
On July 20, 2012

21Jun

Ukranian Parliament Has Passed the Law on Industrial Parks

Many companies have anticipated this law, as its absence created a number of problems of a legal and other nature for effective economic activities in Ukraine. Furthermore, access to lands of an industrial assignation is a critical and important issue for business. According to the Law, an industrial park is understood to be a plot […]

Posted by Elena Mashkova
On June 21, 2012

30Mar

Confirmation of Legal Address of Ukrainian Companies

Lately tax authorities have been checking the legal address of companies. Ukrainian law distinguishes between the address of a legal entity (actual place of business) and its tax/legal address (address used for registration and recorded in the State Register). If before companies could register with a specific legal address and run their business without renting […]

Posted by Elena Mashkova
On March 30, 2012

21Mar

Quota for 2013 & Extra Quota for 2012

Dear Executives, Please be advised that firms employing expats have to apply for work permits urgently for year 2013 quota. According to the information at hand, the Russian migration authorities require that companies annually apply in advance for the rights to employ foreign nationals. In other words, every year companies must apply in advance for […]

Posted by Eugene Isaev
On March 21, 2012

25Nov

Change in Social Tax

Dear Executives, We would like to inform you that on November 23, 2011 the State Duma passed amendments to the laws governing employers’ social contributions (“social tax”). Rates & Scales According to these amendments, the rates and scales of the social contributions have changed. The maximum rate is lowered from 34% to 30% and will […]

Posted by Jon Hellevig
On November 25, 2011

21Nov

Awara Expanding in Ukraine

Awara expands further in Ukraine with acquisition of Smithbridge After one year of successful operations in Ukraine Awara (formerly known as Avenir) will expand in Ukraine by acquiring the business of Smithbridge, Kiev. Elena Mashkova will continue as the Managing Partner of the Ukrainian business. Managing Partner of Awara comments on the move: “We have known and […]

Posted by Jon Hellevig
On November 21, 2011

24Mar

Latest Amendments to Russian Migration Law

According to the amendments to immigration law, which came into effect in mid-February 2011, companies employing foreign nationals could no longer register their foreign employees at the company’s address. The owners of the apartments in which foreign employees actually reside are now responsible for such registration. These amendments have caused considerable difficulties for employers to […]

Posted by Eugene Isaev
On March 24, 2011

15Feb

Awara Presents its New Marketing Business Unit – Awara Marketing

With Russian business experiences strong growth, it opens up new interesting possibilities for companies seeking to strengthen their market position. Awara has set up a new business unit to assist companies in developing and expanding on the Russian market. To strengthen their position on the Russian market, companies should be aware of this ever-changing market environment, […]

Posted by Awara
On February 15, 2011

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