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How to Set Up a Branch Office in Russia

03Apr

Current Situation in Russia in Connection with Covid-19

By morning April 3, Russia’s daily corona infections dropped to 601 from 771 the previous day, bringing the total up to 4,149. Moscow’s new case count was 448, down from 595, total 2,923. Moscow still 75% of all new cases in the country, means rest of Russia also down. Only 153 new cases in not […]
  • Posted by Awara
  • On April 3, 2020
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01Apr

Is the Coronavirus Pandemic Force Majeure?

What is force majeure The COVID-19 pandemic and government efforts to curb its spread are challenging for businesses. Companies lose revenue, subcontractors spend a whole week on mandatory leave, there is not enough money to rent space, pay off loans, or pay salaries. Because of these problems companies would be happy to deny contractual obligations. Agreements […]
  • Posted by Awara
  • On April 1, 2020
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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 […]
  • Posted by Eugene Isaev
  • On November 7, 2018
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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: […]
  • Posted by Awara
  • On November 5, 2018
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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 […]
  • Posted by Awara
  • On October 22, 2018
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24Jul

Doing Business in Russia: Russian Financial System

Who Controls the Currency? According to Russian currency control legislation, residents are generally not allowed to buy or sell goods or services in any other currency than the Ruble. Transactions between a Russian resident and a non-Russian resident may be done in any world currency, as long as Russian currency control legislation is followed. When […]
  • Posted by Eugene Isaev
  • On July 24, 2017
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