Chet Bowling: Secrets of successful start-ups

When starting a business in Russia, it is worth paying attention to the registration process, as mistakes made at this stage have the potential to negatively affect all further work. How can foreigners ensure that their business launches successfully in Russia? Chet Bowling, Founder and Managing Partner of Alinga Consulting, offers some advice. He has been advising foreigners in Russia for more than 20 years, with his company providing legal support and outsourced accounting and audit services since 1999. Continue Reading

Denis Vasiliev: The Law on Controlled Foreign Companies. A Common Sense Approach

Denis Vasilev, attorney, partner at Podolsky, Vasiliev & Klein. More than 20 years of experience working with major Russian and international companies on issues of corporate structuring, taxation, real estate, as well as contract and financial law.

A lawyer’s advice to Russian subsidiaries of foreign companies, foreign managers in Russia, and Russian businesses and individuals with foreign accounts and companies.

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Denis Vasiliev: How to choose a corporate lawyer in Russia?

How do you choose a lawyer to represent your interests in court, prepare contracts, verify the purity of transactions, and ensure compliance? What do you do if you need a trusted, competent firm, but the services of the Big Four are too expensive? Any company with an interest in quality legal support at a reasonable price asks itself these questions. We asked Denis Vasilev, partner at Podolsky Vasiliev Klein, to help us answer them. Vasilev has spent more than 20 years working with major Russian and international companies on issues of corporate restructuring, taxation, contract law and court representation.

What advice will we receive from an expert who has deep inside knowledge of how the legal system functions?

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Chet Bowling: “Customer outreach is about creating value”

IMG_13386I frequently talk to CEOs of foreign companies operating in Russia, and with increasing frequency, we discuss how to reduce the cost of attracting new customers and keep the loyalty of existing ones. In solving these issues for Alinga I have developed an approach that has proven results: a quarter of our potential customers become actual customers, and more than half of them come back to us again. So I often tell people what I’m about to tell you.

There are three rules to client outreach that I hold to and that I teach my team. Continue Reading

Chet Bowling: “Doing business in Russia: it’s important to understand how things work here”

IMG_13386 - compressedDespite the difficult political and economic situation, foreign companies are not losing interest in Russia. After all, the Russian market offers not only high risks, but also great rewards for those who succeed.

Chet Bowling, who has worked in Russia for many years and is managing partner and co-founder at Alinga Consulting Group, speaks about the peculiarities of doing business in Russia for foreign companies, taxation, and the market for outsourcing business processes. He also gives several valuable recommendations to foreign executives at Russian companies. Continue Reading

Due Diligence: A Service from Alinga Consulting Group

Due Diligence is an essential tool for checking the financial condition of a company and determining the degree of tax risks that it may carry. When a company is purchased, the purchaser becomes its legal successor. The purchaser may be held liable, even criminally liable, for any substantial obligations revealed by future audits.

When purchasing a company, a wise investor will evaluate the deal in terms of cost and risk, including financial and tax risks. Due Diligence is a tool that helps investors determine and assess these risks. Continue Reading

Deoffshorization


 

Deoffshorization

And How Alinga Consulting Group Can Help

By Peter Arnett
Partner

 

 

Russia’s new “deoffshorization” law is part of a concerted effort by governments around the world to regulate and tax the income and gains diverted to tax havens by businesses and individuals.

By 2018 Russian authorities could be receiving information, previously secret, about shareholdings and beneficial ownership in countries around the world, including from some of the favorite low-tax jurisdictions.

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Russia’s Foreign Workers

Even as a good number of westerners working in Russia’s financial markets are packing their bags and heading home as lay-offs sweep that industry, foreign workers as a whole make up a large percentage of the Russian work force and are likely to remain a strong presence in Russia due to demographic and economic pressures. Continue Reading

When Accounting Interferes With Getting the Job Done


When Accounting Interferes
With Getting the Job Done

By Yulia Mazur
Partner, Head of Accounting

 

 

Yulia Mazur holds a degree from the Ryazan State Radio Technical Academy in Accounting, Financial Control, and Business Analysis. She has advised the Ryazan Duma on tax legislation on several occasions.

With more than ten years experience, Yulia has worked as a chief accountant for construction, entertainment, and retail companies. She has been with Alinga for more than five years.

Ms. Mazur is a Certified Professional Accountant.

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