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.
As this publication is going to print, a new law, which comes into force on the first of September, 2015, will mandate that the personal data (PD) of Russian citizens be stored only in Russia. Or maybe it doesn’t. Or maybe it does, but not only in Russia. Or maybe not stored. Let’s try to understand.
The law was passed unexpectedly. Further, it was approved not in a version that matches the opinion of Russia’s relevant agencies and its business community. According to some unofficial comments, the Act targeted major Internet companies, such as large social networks and search engines, who hold and own a vast array of information about Russia’s citizens. Initially the law’s purpose, as announced, sounded quite noble and necessary – to ensure that every citizen of Russia, in providing their personal data, would be able to demand the data’s deletion. To do this, every citizen must be able to call upon the controller of the personal data, and so this data should be in Russia and there should be a Russian address to which a request for deletion can be made. Continue Reading
- New regulations for signing employment agreements with foreign workers
- Foreign citizens’ documents for signing an employment agreement
- Special conditions of employment agreements
- Sanctions for workers who violate migration and labor legislation
Federal Law № 242-FZ dated 21.07.2014
“On Changes to Russian Legislation Regarding Adjusting the Procedure for Processing Personal Data in Information and Telecommunications Networks”