25.08.2018
In July and August 2018, the Federal Laws were signed aimed to expand:
- measures of property support for small and medium businesses;
- criteria to qualify as small and medium business entities.
- measures of property support for small and medium businesses;
- criteria to qualify as small and medium business entities.
International companies: a new
way of doing business in Russia
The Federal Law dated 03 August 2018 No. 290-FZ “On International Companies” (“Law No. 290-FZ”) defines the legal status of international companies - an economic organisation with the status of an international company registered in the Unified State Register of Legal Entities (USRLE) in connection with the change of a personal law by a foreign legal entity by way of redomiciliation, specific features of its activities, reorganisation and liquidation, as well as the recording and exercising of rights to its securities.
'Offshore zones' for international
companies in the Kaliningrad
region and Primorsky krai
Federal Law No. 291-FZ dated 3 August 2018 (Law No. 291-FZ) provides for the establishment and operation of special administrative districts in the territories of the Russian Island (Primorsky Krai) and Oktyabrsky Island (Kaliningrad Region) to form an investment-attractive environment for Russian and foreign investors.
Recognition and enforcement of
foreign judgements in the territoryof Russia
Stable international cooperation in the area of trade and civil turnover is only possible where foreign counterparties and businessmen are confident about protection of their rights in the territory of a foreign state.
Consent to personal data
processing: practice of
Roskomnadzor and Russian courts
On 31 July 2018, the Federal Service for Supervision in the area of communications, information technology and mass communications (Roskomnadzor) held a traditional Open Day coincided to the anniversary of adoption of the Federal Law No. 152-FZ 'On Personal Data' ('Personal Data Law').
Changes in the Russian Currency
Law: Repatriation of Currency
Proceeds
On 29 July 2018 several Federals Laws were signed off amending the Federal Law 'On Currency Regulation and Currency Control' as follows:
Registration of Medical Devices in Russia: Recent Changes
The Government of the Russian Federation by its Resolution No. 633, dated 31 May 2018 introduced changes to the Rules for the State Registration of Medical Devices approved by Resolution of the Government No. 1416, dated 27 December 2012 (hereinafter - the 'Registration Rules').
Common market of medicines in
the Eurasian Economic Union:
clinical trials
On 17 July 2018, the Board of the Eurasian Economic Commission (EEС) adopted the following acts aimed at regulation of the general market of medicines in the Eurasian Economic Union (EAEU)
Cancellation of duties for state
registration of legal entities and
individual entrepreneurs
Federal Law No. 234-FZ of July 29, 2013 amended the Tax Code of the Russian Federation providing for the cancellation of the state duties for state registration of:
Customs duties for certain goods
originating from the United States are increased in Russia
On 23 March 2018, the United States of America introduced a special protective measure in the form of increased customs duties on imports for steel and aluminium products, including those originating from the Russian Federation.