Corporate Debt Reaches Record Levels in Russia
High interest rates and shrinking profits drive companies to record debt levels.
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We provide tailored, compliant solutions for recruitment, financial transactions, corporate liquidation and asset structuring. These solutions are designed to support your strategic goals in a complex regulatory environment.
Our cross-border services provide access to the Russian market and other international jurisdictions. We offer precise and efficient strategic support, allowing you to focus on your core business. This helps you to navigate regulatory complexity and contributes to long-term operational stability.
We provide professional support to international companies operating in Russia and beyond.
An Employer of Record (EoR) is a service provider that enables companies to employ staff in another country without establishing a local entity. The EoR becomes the legal employer and handles payroll, accounting, tax, social security contributions, and compliance with local labor laws.
Cross-border payments enable international money transfers by overcoming the unwillingness of certain institutions to deal with the complicated compliance issues involved. Our solutions ensure compliance with local and international regulations, facilitate currency conversion and help to overcome banking reluctance. This is particularly relevant in complex regulatory environments, such as that in Russia. Typical use cases include salary payments, supplier settlements, tax obligations and intercompany transfers, such as loan and dividend payments.
In Russia, company liquidation refers to the formal legal process of closing down a business. This involves notifying the relevant authorities, settling any outstanding liabilities, managing remaining assets, preparing the final documentation and removing the registered business from the commercial register. The process is bureaucratic and time-consuming.
Services such as EoR, cross-border payments and liquidation are widely used across different legal jurisdictions. However, the legal requirements and practical implementation of these services differ significantly from country to country. For this reason, it is essential to seek local legal and tax advice.