A WORLDWIDE INITIATIVE OF INDEPENDENT EXPERTS Family governance | Transfer of family business | Structuring the business | Family charter | Information and influence of family members | Control and finance of family assets | Estate planning | Inheritance tax |...
How Individuals Can Import and Export Art Object in/out of Russia?
Procedures of import and export of Art Object by individuals may be really simple or quiet difficult depending on whether Art Object qualified as cultural value or not. Some Art Objects cannot be imported or exported in/out of Russia. For more details please follow…...
What Are the Restrictions for Foreign Accounts of Individuals?
Russian law establishes special regulation for individuals’ foreign accounts. Individuals (Russian currency residents) cannot receive on their foreign accounts the majority of funds transfers. Spending of funds is less problematic, however subject to certain...
Inherit Business Assets in Russia: Problems and Risks
Russian legislation does not provide any specific regulations to protect business assets after the death of testator which leads to impossibility to inherit business as a whole complex. There are risks of losing the business till the heirs accept the inheritance. For...
Succession in Russia: General Terms
Succession in Russia is possible by will and operation of law. The freedom of will is limited. To acquire the estate the heirs shall accept it. Succession in Russia is the only way to transfer property in case of death. The only way to change the order of succession...
