Transfer pricing, Benefits for SME, Labor Costs Optimization & Risks of Terminating Business in Russia
Details
Date and time
June 9, 2022, from 15:00 to 16:30
Admission
Free
Language
Russian
Platform
MS Teams
Speakers and topics
Olga Mazina
Actual issues of transfer pricing for foreign companies
- Legislative norms 2021-2022, latest changes
- Reporting of international groups of companies
- Eliminate transfer pricing risks
Evgeniy Sumin
Small and medium-sized business entity status for companies with foreign participation
- Procedure for inclusion in the register of SMEs, practical aspects
- Benefits and preferences for SMEs in 2022
Anna Reznikova
Options to reduce financial costs for staff in the current economic situation
- Change of work schedule
- Increasing labor productivity
- Staff optimization
- Grant of leave
- Reducing other expenses
- Savings on fines
Valentin Orlov
Risks arising for company and its management in case of terminating business in Russia
- Violation of public obligations
- Violation of obligations to contractors and employees of organization
- Subsidiary liability of controlling persons for organization debts
- Risk mitigation options for foreign management of companies in Russia
Related content
Nothing found.
Konsu is back in Russia
Accountor Russia LLC was acquired on April 1, 2022 by two experienced Finnish businessmen who previously held senior management positions at the company. As initially announced, rebranding and name change has gone hand in hand with this change of company ownership, and it is now time to reveal the company’s new name: Konsu.Read more
STET Rus
STET Rus
Stet Rus contacted Konsu in 2017 immediately after the opening of our company’s Russian division. Konsu has been efficiently providing us with accounting, payroll and HR recordkeeping services ever since. We have also requested Konsu's assistance numerous times in connection with taxation and legislation issues.
Konsu specialists have proven to be professionals with great expertise, able to quickly respond to queries and offer customized solutions. We therefore look forward to continuing working together and are pleased to recommend Konsu to our partners as an experienced and competent company, able to advise and support foreign businesses in Russia.
Sergey Voychik
General director
STET Rus
About STET Rus
STET Rus was founded in 2017, as a 100% daughter of STET Holland B.V. - leading international company in seed potatoes.
STET Rus is active in all segments of the potato market. Together with partners in the processing industry, they produce and sell excellent varieties for crispy crisps and french fries.
Nordic Council of Ministers
Nordic Council of Ministers
Nordic Council of Ministers Information office in St. Petersburg has been working with Konsu since 2004. The company Konsu provided with audit services as well as legal and tax consultations.
We express our full gratitude to Nordic Advisors, which is a part of Konsu, for particular flexibility when it comes to the timeframe agreements and scrupulous and in-depth analysis in concern to the variety of the office activities.
Nordic Advisors has been Information office’s auditor for many years conducting audit at both our offices in St. Petersburg and Kaliningrad. The auditors promptly responded to any complex and contentious issues when they arise. The Nordic Advisors recommendations were always useful and relevant, and the audit reports were in compliance with the Russian accounting standards.
The Nordic Advisors not only audited the office, but had also been consulting the Nordic Council of Ministers Information office project managers and advisers, who had questions on proper reporting while meeting with partners and undertaking negotiations with the Nordic and Russian stakeholders on overall project management.
Nordic Advisors had been asked as well to ensure that the accounting was in accordance with the standards of the Nordic Council of Ministers, and the company conclusions and judgements were fully satisfactory for the headquarters. The company had been involved in the control of maintaining accurate and up to date records from the Russian bookkeeping system as well as over the development and run of the Microsoft Business Solutions Navision system in application to the office activities. Assurance of the proper run and use of the various software applications helped the office in fulfilment of the local and international requirements.
Possessing an ability to handle confidential information, Nordic Advisors responsibly performed their work in а sensitive and tactful manner, which was of high importance for both the Information office and project partners.
Given our long-standing positive experience we are pleased to recommend Nordic Advisors and Konsu at large as а true partner capable of providing quality services to companies operating at international level.
About Nordic Council of Ministers
The Nordic Council of Ministers is the official body for inter-governmental co-operation in the Nordic Region. The Prime Ministers’ vision is that the Nordic region will become the most sustainable and integrated region in the world by 2030. The co-operation in the Nordic Council of Ministers must serve this purpose.
Services
HZPC Sadokas
HZPC Sadokas
HZPC Sadokas has been working with Konsu since 2010. We have experienced together periods of growth as well as "periods of financial difficulties which required difficult management decisions and throughout Konsu has been a reliable partner fulfilling its obligations in a timely and efficient manner.
Konsu provides us with accounting, payroll and HR record keeping services and does so to the highest standards. It also provides us with tax and legal advice as well as transfer pricing support
We look forward to many more years of fruitful cooperation and are happy to recommend Konsu to our partners as a trustworthy company"
Galyna Peiponen-Tiainen
Financial Manager
HZPC Sadokas
About HZPC
Founded in 1898 and rooted in The Netherlands, HZPC has grown to become global market leader in seed potato trading, innovative breeding and concept development.
We offers innovative potato varieties that are optimized for local growing conditions. They share knowledge and serve solutions. With around 400 employees across 19 countries, and exports to over 90 countries, HZPC contributes to the availability of responsible food for the well-being of millions of people worldwide.
Services
HL Display
HL Display
"HL Display has been working with Konsu since August 2018, and even over this is short period the company has already demonstrated a high standard of professionalism.
Konsu provides us with accounting and payroll services as well as legal advice and IT support. The company’s specialists present high quality services in a timely manner, so we do not need to worry about accounting and documents.
We would also like to take this opportunity to thank Konsu for having developed a solution for uploading data from our warehouse program to 1C. This has allowed us minimizing errors and keeping accurate records of goods.
We look forward to further working together."
Barys Rasinski
General Director
HL Display
About HL Display
HL Display is a global supplier of products and solutions that create a better shopping experience.
From store communication, merchandising and secondary displays to bespoke design and services, we are experts in improving the shopping experience whilst increasing cost efficiency and maintaining environmental sustainability.
Services
Fosun
Fosun
"After Konsu acted as agent to register Fosun Eurasia in Russia in 2015, we concluded a services contract for ongoing business support services in accounting, tax, payroll and HR recordkeeping services. In our experience, Konsu has provided us highly skilled professionals who are consistent in providing detailed and accurate advice and who have successfully assisted us for more than four years now.
Given our positive experience with Konsu, I can recommend them as a responsible and professional business partner."
Tanya Landwehr
General Director
Fosun Eurasia Capital LLC
About Fosun
Fosun Eurasia is an investment advisory boutique focusing on the markets of Russia and the former Soviet Union as well as neighbouring regions in North Africa and MENA.
The company works to assess high quality investment opportunities across all sectors including natural resources, consumer goods, manufacturing, high tech, healthcare, pharmaceuticals, real estate and others.
Skaala
Skaala
"Reliability has been of utmost importance to us in our Russian business and Konsu has been a reliable partner for us".
ADB Safegate
ADB Safegate
"ADB Safegate Russia would like to thank Konsu for providing us with excellent accounting, legal and migration support services. The documentation provided by the company is not only in compliance with the requirements of the Russian law but is also prepared efficiently and on time.
We would also like to note the great professionalism, competence and friendliness of Konsu staff in Russia in general and of our key account manager Elena Kulikova in particular. Elena always responds promtly, gives detailed advice on all issues and finds original solutions.
We are pleased to recommend Konsu as a partner who is able to provide comprehensive business support!"
Kari Virtanen
General Director
ADB Safegate Russia
About ADB Safegate
ADB SAFEGATE is a leading provider of solutions that boost efficiency, improve safety, raise environmental sustainability and reduce operational costs for airports and airlines worldwide. With intelligent solutions spanning the airside for gate, airfield, tower and service, the company partners with airports and airlines worldwide to increase airport performance, from approach to departure.
Abloy
Abloy
One of the largest suppliers of door opening solutions, has recently become our client, and the transition from their previous accounting provider went so smoothly that their group-level managers did not even notice that they had changed provider.
Matti Heikkilä, General Director, Abloy Russia:
For us it was a bit of a pressure because we have ongoing operation, weekly deliveries from Finland and deliveries somewhere throughout Russia and operation is continuing.
Changing accounting HR & payroll service provider it is always a risk and that how we also considered it. And that’s the reason why we made a very good and thorough planning how to do it so there would be no stops in the processes. That was very-very critical because in our case we are a part of an international group. For us one of the major-major points and things was that our international group reporting would not be delayed because of the transition period.
IFRS reporting standards and deadlines are very strict. In international group where over 250 companies are reporting at the same time to the same base delays are not allowed, there are no excuses whatsoever.
But at the end of the day because of the well-planned transition it worked well.
To be honest if I didn’t tell back at home that we were changing our service provider they wouldn’t have noticed.