14Apr

Putin Spectacularly Warned Already in 2002 That Russian Offshore Funds Risked Being Expropriated

It has emerged that Russian President Vladimir Putin already 19 June 2002 in a televised meeting with leading Russian businessmen warned that there was a very real risk that their offshore funds could be expropriated by Western governments. Putin assured that the money would be far more secure back in Russia. Many regret now not […]

Posted by Jon Hellevig
On April 14, 2013

22Mar

Quota Proposal 2013

Awara Assists with Work Permit Quotas Don’t Miss to Apply for Quotas for 2014 and Extra Quotas for 2013 Please be advised that firms employing expats have to apply for quota for year 2014 to be able to receive work permits in 2014. The Russian migration authorities require that companies annually apply in advance for […]

Posted by Awara
On March 22, 2013

18Dec

Now is the Best Moment to Invest in Real Estate in Greece

Real estate market in Greece appears to offer opportunities for international investors! Property prices which have fallen sharply during the last two years due to the deep economic crisis that shook Greece have made real estate investments in Greece, highly attractive at this moment. So, turn the crisis into an opportunity as many say! In […]

Posted by Eugene Isaev
On December 18, 2012

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

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