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How Individuals Can Import and Export Art Object in/out of Russia?

by Kira Egorova | Jul 28, 2014 | • Estate planning, • Tax planning (estate taxes and duties)

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?

by Kira Egorova | Jul 28, 2014 | • Family business; Managing, structuring, involvement

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

by Kira Egorova | Jul 28, 2014 | • Residency; consequences, double nationality, cross border estate planning, • The will or testament

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

by Kira Egorova | Jul 28, 2014 | • The will or testament, • Transfer to the Next Generation

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...

Categories

  • • Charities, philanthropy and gifts
  • • Education, Training, Preparation of next generation
  • • Emergency measures; who decides and who will be(come) responsible
  • • Estate planning
  • • Family assets; art collection, portfolio, real properties
  • • Family business; Managing, structuring, involvement
  • • Family Disputes & Solutions
  • • Family Governance and Family Charter
  • • Family Integrity & Organization
  • • Family Offices; role, duties and responsibilities
  • • Foundations and trusts; structures to hold, control, protect and manage family wealth
  • • Living will
  • • Marriage contracts, nuptial agreements and family law
  • • Residency; consequences, double nationality, cross border estate planning
  • • Tax planning (corporate income tax)
  • • Tax planning (estate taxes and duties)
  • • Tax planning (personal income tax)
  • • The will or testament
  • • Transfer to the Next Generation