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List of jobs for foreign citizens who can be issued a work permit irrespective of the quota

On 22 December 2009 the Ministry of Public Health and Social Development ("MHSD") issued Order No. 1010n approving the list of jobs for foreign citizens who can be issued a work permit irrespective of the quota. The Order was registered with the Ministry of Justice on 29 December 2009. Foreign citizens, save for certain exceptions, may be employed in the Russian Federation provided they have obtained work permits within the annual quota set by the Government. However, according to the Federal Law on Foreigners, the quota does not apply to foreigners who are qualified specialists for the jobs included on a list approved by the MHSD. The Order now approves the list of jobs for 2010. For example, company directors, heads of representative offices, directors of divisions and departments may obtain work permits irrespective of the quota. The Order entered into force on 23 January 2010.

/ 19 March 2010 /

Russia is seventeenth biggest holder of US securities

Russia is the world’s seventeenth-biggest holder of US securities. As of end June last year the securities in question totalled some 150 billion dollars. This follows from the latest report that the US Department of the Treasury circulated yesterday. Accoridng to the report, Russia was unloading US securities in 2008 and 2009. In 2007 Russia was the thirteenth-biggest holder of US securities in the world, with overall investment standing at 223 billion dollars. According to the latest report, 9.7 trillion dollar worth of US securities were held the world over in the middle of last year, as against 10.3 trillion dollars, a year before. The ITAR-TASS news agency reports that the leading investors are China and Japan. Russia is seventeenth biggest holder of US securities.

/ 01 March 2010 /

You can also learn basics about incorporation in Russia here: russiainc.org

You can also learn basics about incorporation in Russia here: russiainc.org

/ 07 January 2010 /

St Kitts And Nevis Signs First OECD Model Treaty

St Kitts and Nevis’ government has announced the signing of its first convention for the avoidance of double taxation and fiscal evasion with respect to taxes, signed with Monaco. The agreement was signed by St Kitts and Nevis' Prime Minister Denzil Douglas and Monaco’s Ambassador to the United States, Gilles Noghes. “The signing between St Kitts and Nevis and Monaco is the first Double Taxation Treaty that we have signed with another country, in a step to ensuring that the financial services sector reaches the highest standard set by the international community,” said Douglas, adding that over the last several months, St Kitts and Nevis has been actively engaged in ensuring that the financial services sector is properly regulated, properly supervised and thus adheres to international standards. The agreement contains provisions for the exchange of information in tax matters in compliance with the OECD standard on transparency and information exchange. The territory must sign at least 12 agreements containing the internationally agreed standard in order to gain a place on the OECD’s "white list" of territories that have substantially implemented the standard.

/ 28 September 2009 /

Now you can contact us through Skype!

Contact us through Skype !

/ 12 March 2008 /

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