According to the amendments to immigration law, which came into effect in mid-February 2011, companies employing foreign nationals could no longer register their foreign employees at the company’s address. The owners of the apartments in which foreign employees actually reside are now responsible for such registration. These amendments have caused considerable difficulties for employers to […]

With Russian business experiences strong growth, it opens up new interesting possibilities for companies seeking to strengthen their market position. Awara has set up a new business unit to assist companies in developing and expanding on the Russian market. To strengthen their position on the Russian market, companies should be aware of this ever-changing market environment, […]

Amendments to Russian Migration Law will become effective as of 15.02.2011. The law “On migration registration” will be amended as follows: • Foreign nationals may be registered only at their place of residence (for instance, rented apartment, hotel, etc.) To register a foreign national’s address of residence, the following additional documents should be submitted in […]

Avenir Group, a leading business administration firm in Russia will start operations in Ukraine through an office in Kiev. The office in Kiev follows on Avenir’s expansion in Russia with offices in Moscow, St. Petersburg, Tver, and Yekaterinburg. Avenir is also present with an office in Helsinki. Jon Hellevig, Managing Partner, comments on the move: […]

The general rule is that starting with the second financial year the net assets shall always be higher than, or equal to, the company’s share capital. If, at the end of the second and each subsequent financial year of the company’s activity, net assets become less than the charter capital, the company will have to […]