02Feb

How to Get a Serbian Residency

This is an article in our series on doing business and living in reliable jurisdictions. Bojan Timotijević from “Welcome to Serbia” Association – our partner company from Belgrade – talks about the ways to obtain a Serbian Residency through opening a company and buying real estate. Key Points: Serbian Residency No requirement to speak the Serbian […]

Posted by Awara
On February 2, 2023

20Jan

How to Open a Bank Account in Türkiye. Awara Guide.

This is an article in our series on opening bank accounts in reliable jurisdictions. Find out in the interview with our Ankara and Istanbul partner how to open a bank account in Türkiye. 1. What is the standard procedure for opening a bank account in Türkiye? Whether individual or company is opening an account a potential […]

Posted by Awara
On January 20, 2023

01Nov

Awara Guide on Set Up Business in Armenia: Documents & Taxes

We continue our series of articles about doing busiess in trusted jurisdictions. Read about opening a company in Armenia with help from our local partner in Yerevan ArmGate Advisers. What documents are required to open a legal entity The company name, which should be provided in Russian and in English (note that you have to […]

Posted by Awara
On November 1, 2022

16Oct

Awara Guide on Opening a Bank Account in Reliable Jurisdictions to Support Your Russian Business. Chapter 4: Serbia.

Differences, Features, Tips, Pitfalls, and Best Serbian Banks for Russian Companies This is the third article in our series on opening bank accounts in reliable jurisdictions. Find out how to open a bank account in Serbia and what the benefits are. What is the standard procedure for opening a bank account in Serbia? Note that procedure […]

Posted by Awara
On October 16, 2022

25Sep

Awara Guide on Opening Bank Accounts in Reliable Jurisdictions. Chapter 3: Armenia.

We continue our series on opening bank accounts in trusted jurisdictions. Read about opening a bank account in Armenia with help from Yeghiazaryan & Partners Law Firm — our local Yerevan based partner. 1. How to open a bank account in Armenia. First steps. The procedure of opening a bank account in Armenia depends on […]

Posted by Awara
On September 25, 2022

26Dec

Offshore Zones Will Tighten Control over Tax Residents

Offshore zones ― including popular jurisdictions such as the Cayman Islands, Bermuda, the Isle of Man, Guernsey and Jersey ― are establishing new requirements for residents: companies will be required to open real offices and hire employees. As a result, the costs of an offshore company will be comparable that of a European one. The […]

Posted by Awara
On December 26, 2018

02Nov

Doing business is getting easier: Russia climbed 5 positions in World Bank’s ranking

Russia continues its efforts to improve its business climate: this year the country has advanced to 35th position of 190 countries in ‘Doing Business’ ranking by the World Bank (note that only six years ago Russia was ranked 120th). This position can be considered rather decent: Russia’s nearest competitors are Japan, Switzerland, the Netherlands, and […]

Posted by Awara
On November 2, 2017

22Sep

Simple Tips That Will Help You Choose the Best Accounting Company in Russia

While doing business in Russia, you might have already learned the easy or the hard way that local accounting principles significantly differ from Western practices due to requirements of Russian law. As a way to save yourself from drowning in dozens of regulations and requirements, which can be confusing and time-consuming for ambitious business operations, […]

Posted by Awara
On September 22, 2017

20Jan

When Audit Is Just a Meaningless Corporate Procedure

What prompted me to set up Awara Audit together with my Russian colleagues, was the experience I had retained as a representative for clients, which were subject to Big 4 audits. I came to realize that in most cases the audits had metamorphosed into meaningless corporate procedures, which did not bring any real value to […]

Posted by Jon Hellevig
On January 20, 2017

12Oct

Personal Data Protection Law: New Challenges in Russia for Storing ERP Database

More than a year has passed since this law entered into force and it is interesting as nobody yet understands how to apply that. Regardless numerous discussions, at the date this blog article is published, there are still unclear topics and no court practice in Russia. Awara IT Solutions, being a part of Awara, is […]

Posted by Alexander Ermakov
On October 12, 2016

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