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…...
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...
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...
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...
