In autumn, potential changes began to shape up, and by the end of the year the State Duma received the draft law On Amendments to the Federal Law on Foreign Exchange Regulation. The key interest of these amendments was the status of the foreign exchange resident and the expanded [...]
Korpus Prava Private Wealth
For some time now legislators have tried to attract personal savings to the securities market. It may be explained by the fact that Russian companies desperately need financial injections, but many of them have no access to the market of cheap foreign credits.
Modern civil law system provides two options of transfer of property of the deceased owner to his/her heirs. If the person has not made any will, his/her property will be transferred to his/her heirs in the manner provided for inheritance by law.
For the owners of foreign companies 2015 became crucial. President Vladimir Putin’s statement on the need to pay taxes from offshore companies slowly, but steadily comes true, and now the country is going through the so-called transition period, when everyone learns to live and pay taxes according to new [...]