05Mar

Changes to the Salary Requirements for HQS

From March 1, 2024, the salary requirement for highly qualified foreign specialists (HQS) is changing: instead of 167,000 rubles per month, the value is set at 750,000 rubles (before taxation) per quarter (250,000 rubles per month or 3,000,000 rubles per year). There are few exceptions: they mainly concern medical, pedagogical and scientific workers, as well […]

Posted by Awara
On March 5, 2024

04Mar

Payroll Regulations in Russia in 2023

Posted by Awara
On March 4, 2023

19Jan

Go Virtual – Go Efficient

What’s your strategy for 2022? Is 2022 finally getting us back to some normality, or are we looking into an unknown future? While change isn’t all bad and adapting to new realities can create new opportunities for businesses, caution is key. An optimistic outlook and harvesting the benefits of remote work from the previous year […]

Posted by Awara
On January 19, 2022

22Mar

Driven into a virtual workspace? How did the Covid-19 pandemic influence virtual teams and remote work.

Introduction We at Awara follow the principles of efficiency and minimalism for many years. Resources should be used wisely and in a clever way. We advocate for a flat hierarchy and democratic approach in our corporate culture. We focus on fair remuneration for all our employees and our executives do not define themselves via status […]

Posted by Awara
On March 22, 2021

30Sep

How to Set Up a Branch Office in Russia

Posted by Awara
On September 30, 2020

17Aug

Branch VS LLC. What Form is Better for Your Business in Russia

Posted by Awara
On August 17, 2020

17Aug

How to Register a Limited Liability Company in Russia (LLC, OOO)

Posted by Awara
On August 17, 2020

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

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

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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