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January 31, 2017

News brief: Doing Business in Russia Guide released by MGI GNK Group

By Stephanie Wix

MGI Worldwide member, MGI GNK Group, based in Moscow, has released a new version of their guide to Doing Business in Russia.

The guide provides an overview of those contemplating investing or doing business in Russia and includes details on business organisation, legal framework, tax system, business and accounting practices.

Key aspects of the guide include:

•   General business information – time zones, public holidays, local customs, typical business types

•   Details of the country's financial systems – currency control, anti-money laundering legislation

•   Taxation – Controlled Foreign Companies (CFC) rules, double taxation treaties, corporate profits tax, VAT, assets tax, individual income tax, social security contributions

•   Employment law

The guide can be accessed here by MGI members.

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