SCHNEIDER GROUP News

On July 31, 2020 the amendments to Federal Law No. 115-FZ entered into force. In 2020 these amendments allow Russian LLCs to hold annual shareholders’ meetings in form of remote voting, on which the yearly reports and balance sheets must be confirmed.

If you plan to start a business in Belarus, you should consider the changes in the issues of approving the names of legal entities, state registration, termination of activities of legal entities and individual entrepreneurs, maintaining the Unified State Register of Legal Entities and Individual Entrepreneurs of the Republic of Belarus (hereinafter – “EGR”), provided for by the Resolution No. 96 of the Ministry of Justice of the Republic of Belarus, dated June 18, 2020 (hereinafter – the “Resolution”).

Welcome to our newsletter with a selection of news and the most important regional updates for Russia & the CIS for August 2020. Hope you will find our news useful for your business!

On March 25, during a televised address Russian President Vladimir Putin mentioned that a revision with the Double Taxation Treaties (hereinafter – the “Treatу / Treaties”) with those jurisdictions would be required which are used for the inadequate transfer of income from Russia.

Even before the disorder began, Belarus was considered an unattractive place for foreign companies’ business. This is unreasonable, says Ulf Schneider, who helps companies to enter the Belarusian market, in a conversation about Belarusian business culture.