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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 in our interview with lawyer Anja Andrić from our partner Legal Eagles in Serbia how to open a bank account in Serbia and what the benefits are. What […]
  • Posted by Awara
  • On October 16, 2022
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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
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13Sep

Western Sanctions and Retaliatory Restrictions by Russia

We have prepared an overview of the most important legislative changes that affect foreign companies and their operations in Russia. We conduct daily monitoring of changes in Russian legislation in order to provide you with the latest information to make timely decisions. 13.09.2022 Foreigners From Unfriendly Countries Will Be Able to Buy or Sell Stakes […]
  • Posted by Awara
  • On September 13, 2022
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31Aug

From September 1, 2022, the Procedure for Working With Personal Data of Individuals Will Change

From September 1, 2022, amendments to the current legislation in the field of personal data protection will come into force: the circle of persons who need to transmit information to the Federal Service for Supervision of Communications, Information Technology and Mass Communications (Roskomnadzor) about their intention to process personal data is expanded, a number of […]
  • Posted by Awara
  • On August 31, 2022
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01Aug

Awara Guide on Opening a Bank Account in Reliable Jurisdictions to Support Your Russian Business. Chapter 1: China.

Differences, Features, Tips, Pitfalls, and Best Chinese Banks for Russian Companies With a majority of Russian banks being currently disconnected from the SWIFT system, transfers to and from the EU and the US becoming difficult or impossible. US and EU sanctions further impede business transactions between companies of these regions and Russia. How to secure […]
  • Posted by Awara
  • On August 1, 2022
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18May

Reminder: Notification on the Membership in a Multinational Enterprise Groups and Country-By-Country Data

In the beginning of 2018 Russia began automatic exchange of tax information under the OECD Convention (Organization for Economic Co-Operation and Development) and introduced new reporting requirements for members of multinational enterprise (MNE) groups. What companies does the law apply to? The reporting must be filed by MNE groups with consolidated revenue over RUB 50 […]
07Feb

Foreign Workers Do Not Have to Undergo Medical Examinations Every 3 Months — Explains the Ministry of Health of the Russian Federation

Earlier, foreign business associations opposed the new rules for medical examination of foreign specialists and their family members above the age of 7. The Ministry of Health reported that their order was misunderstood: the 3 months mentioned in the order do not relate to the frequency of medical checks, but only to the validity period […]
  • Posted by Awara
  • On February 7, 2022
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31Jan

New Obligations for Companies With More Than 25 Employees

Amendments1 affecting organizations with more than 25 employees took effect in January 2022. Such employers have a number of new obligations. 1) To post the following information on the “Work in Russia” portal: about vacant jobs and vacant positions, about the liquidation of the organization, about the reduction of headcount or staff, and possible termination […]
  • Posted by Awara
  • On January 31, 2022
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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
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