Customs procedure under which goods are imported for use in the EACU customs territory permanently. 

Land and other immovable property (such as buildings, structures, as well as aircraft, space objects, sea and river vessels etc.)

Procedure whereby Russian courts recognise and enforce both, domestic and foreign arbitration awards in accordance with the New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards (1958).

Termination or alteration of a legal entity’s status, resulting in the succession of legal entities, thereby creating and terminating one or more new legal entities (e.g. merger, acquisition, break-up, spin-off, transformation).

Form of solitary subdivision of a legal entity(Head Office), which is not a separate legal entity (i.e. is considered part of the Head Office’s legal entity), its functions are limited to representing the Head Office, and it can only engage in commercial activities of auxiliary and preparatory nature, generally not treated as a permanent establishment from the tax viewpoint.

Currency resident’s obligation to collect all payments due under a foreign trade contract within a prescribed period. Non-compliance with the obligation may result in payment of an administrative fine.

Statement of fact made in order to induce another party to enter into, alter or terminate a contract. Provision of false information may entitle the other party to demand payment of damages, terminate the contract, or declare the contract void.

Limited proprietary right enjoyed by a state- or municipal-owned enterprise over property owned by the state or municipality.

Right to possess, use and dispose of land plots. Right of ownership in land by foreigners is restricted.

Right to use a land plot granted to state and municipal institutions, federal treasury-owned enterprises, and state and local authorities. 

An individual who is physically present in Russia for at least 183 calendar days during 12 consecutive months.