Indeed, Russian legislation is complex, with a high degree of volatility and renewal. Even Russian entrepreneurs do not always have time to adapt to its changes, what can we say about foreign residents, whose activities, among other things, are complicated by the language barrier.
Nevertheless, for many entrepreneurs, the Russian market is still an attractive direction, which provides great opportunities for investment, business development and expansion.
The Russian market has always had a higher risk compared to Europe or the United States, but the profit margin is much higher here. Profitability of 15-25% is normal for a number of industries.
To secure your business and investments in Russia, foreign companies need legal support from experienced lawyers and tax consultants both at the stage of registration of a branch, representative office or subsidiary, and doing business.
What problems can a competent lawyer solve?
- Drawing-up contracts. As a rule, entrepreneurs cannot independently draw up contracts, the content of which will not only protect their interests, but also fully meet the requirements of Russian legislation. Vague formulations can lead not only to disputes between the parties, but also to claims from the tax authorities.
- Tax optimization. Modern tax legislation is one of the most variable Russian law branches, which complicates its application due to the need to constantly monitor the changes. A lawyer will help you develop an optimal taxation system and get all available government benefits.
- Solving current problems. During commercial activities, one way or another, it becomes necessary to conclude additional agreements, check contractors' documentation, resolve disputes, draw up requests and claims, etc.
- Obtaining government support. Despite the fact that Russian support programs for business and foreign investment are quite broad and have existed for several years, many companies still do not know how to obtain them. A competent lawyer will help you determine the most relevant support measures for your business and collect a complete package of documents for filing an application.
- Solving problems with regulatory authorities. Owners of absolutely any business cannot avoid checks by state authorities. These can be tax, sanitary, labor and other inspections, which are carried out both planned and unscheduled. There are legends about the captiousness of Russian regulatory authorities. To avoid unnecessary problems, you will need the advice of a specialized lawyer who understands the specific requirements.
- Reduction of fines. Unfortunately, no one is safe from accounting errors: confused the deadline for sending the accounting statements, rushed to send the declaration + often there are technical problems on the electronic platforms. As a result - untimely filing of reports and unpaid taxes on time. A competent lawyer is able to identify errors in tax payment and correct them. And in case of fines imposition resolve the arisen problems with minimal costs.
If you need expert advice, you can leave a request through the feedback form on the website ("ask a question" on the right side of the page) or by the contacts below:
Maxim Kuznetsov - vice-president of the RAUIE
investment@raspp.ru
WeChat: maximkuznetsov