Business EAST

Expertise for Eastern Europe, Caucasus and Central Asia. Since 2003

18 offices
15 countries
1 team

Ulf Schneider President & Founder

Ekaterina Kvaskova Partner CIA, Internal Controls and Audit, Moscow

Dr. Thomas Mundry Partner Legal, Tax, Moscow

Alexey Kozlov Partner Accounting and Financial Management, Moscow, Russia

Natalia Wilke Partner Legal, General Director, St. Petersburg

Christopher Schagerl Partner Interim Management, Austria

Natalia Shulzhenko Partner Belarus

Kirill Afanasyev Partner Kazakhstan, Kyrgyzstan

Ludmila Malsagova Partner (Finance & Accounting) Kazakhstan, Kyrgystan

Nodir Ayupov Partner Uzbekistan

Yeva Voskanyan Partner Armenia

Jolita Lieparskiene Head of Office Lithuania

Aurelia Jarcov Head of Office Moldova

Irakli Pipia Head of Office Georgia

Andrej Steiner Head of Office Serbia

News

ARMENIA

18/12/2024

New Legislative Framework to Boost Armenia's High-Tech Sector: Key Tax Incentives for 2025-2031

On January 1, 2025, Armenia's new legislative framework will come into force and provides significant incentives for the growth of Armenia's high-tech sector, especially in research, development and professional services.

NEWSFLASH

11/12/2024

Challenging Times for Cross-Border Payments for Foreign Business in Russia and Belarus

The situation with cross-border payments is deteriorating, companies are increasingly facing problems transferring funds to counterparties both from Russia and Belarus.

NEWSFLASH

04/12/2024

An Absolute Must Before Year-End: Inventory Taking

With the end of the year approaching, SCHNEIDER GROUP experts are providing companies with their useful guidelines for an efficient annual stocktaking.

All news

Events

12/12/2024

Closing the Financial Year: Key Banking and Financial Considerations in Russia

At our event, SCHNEIDER GROUP experts will provide information on the changes in the banking industry, focusing on their implications for financial activities at the end of the year.

ONLINE EVENT

10/12/2024

Liquidation of companies in Russia: practical obstacles and solutions

Our online event will provide insight into an effective liquidation process that will ensure a smoother transition.

07/11/2024

Qualified foreign specialists (HQS and other expatriates) in Russia: sanctions, migration and taxation

During the business breakfast we will discuss changes in migration legislation, taxation and EU sanctions that affect foreign specialists in Russia, and SCHNEIDER GROUP experts will offer strategies to mitigate risks and adapt to new conditions.

All events

Success stories

THYSSEN SCHACHTBAU

Backoffice 24х7х365

More than 40 SCHNEIDER GROUP employees complement the THYSSEN SCHACHTBAU team. Since 2007, SCHNEIDER GROUP has provided high-quality bookkeeping, tax accounting and legal support, 24/7/365. SCHNEIDER GROUP is also responsible for payroll calculation for 1000+ employees, preparation of reports, implementation of automation projects and interaction with government agencies on behalf of the customer.

Automotive components manufacturer

Accounting switch to 1C:ERP

We migrated the customer's accounts to 1C:ERP and added two enhancements: one that enables detailed analysis of deviations in component prices used in finished product manufacturing, and another that enables analysis of deviations in the cost of finished goods.

Doppelmayr

Subsidiary incorporation

SCHNEIDER GROUP registered a Russian subsidiary for Doppelmayr and provided an interim General Director for the purpose of company incorporation and administrating in accordance with head office’s instructions. The interim General Director represented the customer before public authorities and managed customs and tax declarations in close collaboration with the parent company.

International logistics company

Audit of risks during accounting transfer from Russia to Poland

The customer planned a partial transfer of accounting from Russia to a shared service centre in Poland. SCHNEIDER GROUP consultants identified the risks arising from the transfer and developed recommendations for restructuring internal policies to minimise them.

Manufacturer of innovative printing solutions

Audit of payments to ensure compliance with Russian legislation

Due to significant business growth in Russia, the customer was faced with the challenge of consistently applying corporate payment policies in their Russian subdivision. SCHNEIDER GROUP consultants conducted an independent payments audit to assess compliance with Russian legal requirements and corporate group standards.

WELEDA

Switching to electronic document management

We implemented electronic data exchange and electronic document management at WELEDA. We also assisted in setting up data exchange with a major retailer, an online store and a premium supermarket chain.

International FMCG company

Importing and selling goods in Russia

We collaborated with the customer to carry out market research, develop a detailed product assessment and plan promotional activities. We also helped them find would-be distributors and negotiate contract terms.

Pharmaceutical manufacturer

Expanding into new markets

We assisted a German pharmaceutical company in establishing a subsidiary in Russia, including opening bank accounts, hiring four employees, subleasing fully equipped office space and providing a temporary General Director, among other tasks.

DEBAG

Accounting outsourcing

We set up a subsidiary for DEBAG, handled all of their bookkeeping, acted as an interim administrator and prepared tax returns.

Machine manufacturer

Russian office business process assessment

SCHNEIDER GROUP’s suggestions for improvements in procurement, sales, HR, currency and financial control processes have helped employees save time and achieve a faster turnaround time for orders.

Perfume exporter

Keeping the supply to Russia flowing smoothly

Upon learning that a breakdown in relations with the company's distributor had rendered its products unavailable for import into Russia, our specialists quickly issued the necessary certificates to facilitate supply while also taking on the risk of any potential consumer complaints.

German pharmaceutical manufacturer

Interim administration of Russian representative office

We completed tax due diligence on a German pharmaceutical manufacturer's representative office in Russia to identify accounting risks, took over management of the representative office until it was wound up, incorporated the office into a local subsidiary, formalised employee transfers from the representative office to the subsidiary and arranged the office’s winding-up process.

Food importer

Tax risk assessment

The customer’s new chief accountant hit some roadblocks in assessing tax and accounting practices due to the geographically distributed nature of the company, and decided to seek support from SCHNEIDER GROUP. Our review helped to identify irregularities and possible penalties, and our experts were able to develop principles for a systematic approach to risk management in finance and taxation.

Austrian laser technology company

IP rights protection

We developed a Trade Secrets Policy along with all the necessary legal documents for a laser manufacturer, including a list of confidential and proprietary information, a non-disclosure agreement and employee contract templates.

Bogner

Preparing complex export documentation

Since 2014, we have assisted Bogner in attaining conformity declarations and certificates for a variety of products, ranging from clothes to marketing materials.

Developer of thermal and acoustic insulation solutions

Accounting and tax review

A Russian manufacturer was to be bought out by a foreign company that already owned 50% of the shares. SCHNEIDER GROUP’s assessment of accounting and tax practices uncovered inconsistencies in the tax accounting and payroll processes, as well as drafting and contracting errors. Our report and the steps taken to mitigate these risks had a positive impact on the takeover process.

Mankenberg

From Employer of record to company incorporation

MANKENBERG aimed to expand to the Russian and CIS markets. To give MANKENBERG the opportunity to test the market without significant investment, we hired an employee on behalf of the company. The employee was provided with a fully-equipped workspace in our office with secretarial and administrative support.

Hoist machinery manufacturer

Logistics costs optimisation

When delivering construction machinery to the Siberian region, SCHNEIDER GROUP consultants recommended that the customer switch from air delivery to road delivery during the winter months. This resulted in the customer paying over 2.5x less in transportation costs on just this logistics leg.

All success stories

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