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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
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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
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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 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
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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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