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?
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
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”