Country News

The special regulation approved by the Ministry of Finance for transactions with offshore jurisdictions will have a number of implications in the area of compliance, notification procedures, relations with companies and preparation of justifications.

The new law raises the minimum salary for foreign highly qualified specialists, regulates the timeframe for issuing work permits and regulates other important aspects of HQS labour activity in Russia.

New presidential decree institutionalises the possibility of temporary management of assets of persons from "unfriendly" countries.

A new initiative by Russia's foreign and finance ministries to suspend double tax treaties with "unfriendly" countries might affect preferential rates and exemptions.

The Grand Opening of the new office in the capital of the Republic of Georgia took place on 15 February. This is a further milestone in the development of the SCHNEIDER GROUP network in the Caucasus region, after establishing an office in Yerevan in neighbouring Armenia, in 2018 and in Baku, Azerbaijan in 2022.