The goal of this article is to outline the most important payroll regulations in Russia, including calculation and payment of salaries, social benefits, and other expenses. The following information will primarily serve as a guide for companies which recently established or plan to start their business in Russia. You can also find key facts in […]

Branch of a Foreign Company and Limited Liability Company (Subsidiary Founded by а Foreign Company) in Russia: Pros and Cons. Main Differences. The two most common methods for foreign legal entities to operate in the Russian Federation are branches and limited liability companies. Representative offices are less common, as their main goal is to ensure […]

Registration and the Worst Case Scenarios: Liquidation / Insolvency / BANKRUPTCY!? Who is liable? According to Russian company law, there are two different sorts of liabilities – parent liabilities and controller liabilities. Although the company’s capital is usually the shareholder’s sole liability (including amounts to be paid), should the company go bankrupt, the shareholders may […]

A branch (”filial” in Russian) is a company’s separate subdivision located outside the company’s place of residence. A branch does not constitute a separate legal entity, but it may represent the company and carry on business on behalf of the company. As a rule, a branch has an individual balance sheet and bank account for […]

A limited liability company (in Russian OOO) is a legal entity with its share capital divided into shares; participants do not, as a rule, bear personal responsibility for the company’s liabilities but take on the risk of possible loss up to the value of their equity shares. The minimum share capital is RUB 10,000. The […]