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 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.
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?
I 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
Despite 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 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
And How Alinga Consulting Group Can Help
By Peter Arnett
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
When outsourcing accounting services, foreign companies working in Russia often choose foreign service providers. Alexey Spirikhin, Director, Alinga Consulting, offers seven reasons to support this decision.
The article is offered in Russian here.