Subsidiary in Russia

Russia

Russia is the fifth-largest European economy, making it a global hotspot for companies looking to enter Russian markets. Despite the ongoing political turbulence, businesses looking to harness international opportunities realize the immense potential that Russia offers. This is why many foreign companies continue to choose to open subsidiaries in Russia.  While the Russian market is […]

Employment Act and Labor Laws in Russia

Russia

Introduction Russia is a federative state with 85 constituent areas (federal cities, republics, regions, and other territorial administrative components) with specific legislative rights. Employment concerns fall under the Federation’s and its constituent parts’ joint competence. The Russian Federation’s Labour Code, which is applicable throughout the country, controls employment rights in Russia. Who is covered by […]

Payroll in Russia

Russia

Ever since the downfall of communism about three decades ago, Russia has slowly become synonymous with relative economic stability. Such stability has helped make this country a high-priority target for various industries and sectors looking to expand and influence international markets. One factor equally instrumental in shaping the Russian economy is its foolproof payroll system. […]

Benefits And Compensation in Russia

Russia

What are Employee Benefits? Employee benefits are non-monetary compensation granted to employees as a part of their employment contract. Employee benefits may vary as per law, the risk connected with the work or industry, or as per the regulations of the country where the employment is held or offered by the employer voluntarily. The employee […]

Sole Proprietorship In Russia

Russia

Sole proprietorship in Russia represents the most flexible type of legal entity that investors can establish in the country. The sole proprietorship in Russia is aimed at traders who want to launch small commercial activities where investors are self-employed. The sole proprietorship Russia tax system differs from the tax system that applies to other legal structures, even if […]

Starting A Business In Russia

Starting A Business In Russia

Business Opportunities in Russia Russia is the ninth largest country in the world, with a population of 145.8 billion (January 2022). The country registered a robust economic growth of 4.7% in 2021,  giving new businesses an explorative, promising avenue for doing business in Russia. With the country’s GDP accounting for 1.31% of the world economy, […]

Work Permit in Russia

Russia

Why is Work Permit Needed? The Russian government maintains a strict policy for foreigners visiting the Russian Federation. So, if you want to work from Russia, you need to have a Russia work permit visa. A valid Russian work permit authorizes your right to live and work in the world’s largest country.  About the Russia […]

Doing Business With Russian PEO/EOR

Russia

Russia, a country spanning Eastern Europe and Northern Asia, is the largest globally, marking its area covering 17 million square kilometers. With two of its cities being the largest and second-largest cities in the world –  Moscow (capital of Russia) and St. Petersburg, both are known to be economic hubs and the country’s cultural capitals. […]