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CIT, VAT and withholding tax — filed right, and defended when the FTS asks.

  • CIT 25%
  • Treaties suspended
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Company registration

LLC, branch or representative office — registered and operational.

  • LLC in 3–5 days
  • Operational in 6–8 wks
  • 100% foreign-owned
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Transfer pricing

TP documentation, benchmarking and FTS audit defence.

  • Local file
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Legal & corporate

Corporate, commercial and regulatory legal support.

  • Contracts
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VAT compliance

Russian VAT for foreign companies — registration, returns and digital services.

  • VAT 22%
  • Digital services
  • Reverse charge
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Payroll & HR

Monthly payroll, NDFL and contributions — run properly, reported in English.

  • +30% employer cost
  • HQS exempt
  • Paid twice monthly
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Employment law

Contracts, dismissals, inspections and labour disputes.

  • Not at-will
  • Documentary compliance
  • Dismissal procedure
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NDFL agent duties

Foreign employers paying for work done through Russian systems.

  • In force since 2025
  • Register before first payment
  • Five-band scale
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Accounting (RAS)

RAS bookkeeping, statutory reporting and the numbers head office can use.

  • Dividends = RAS profit
  • 1C statutory
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Immigration · HQS

HQS work permits and mobility for foreign executives.

  • HQS permits
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Customs

Classification, customs value and clearance for foreign importers.

  • Duty 5–15%
  • Import VAT 22%
  • Related-party value
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Personal data · 152-FZ

Roskomnadzor registration, localisation and the 24-hour breach rule.

  • Register or be fined
  • Localisation architecture
  • 24h incident rule
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Exit & liquidation

Winding down, selling or restructuring a Russian entity.

  • Sub-Commission approval
  • Tax audit on liquidation
  • Getting the cash out
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Russian real estate

Buying, holding, letting and selling property — individuals and companies.

  • Property tax annually
  • Exempt after holding period
  • Currency control on exit
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Expertise → Market guides → Korea desk
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Korea desk · 한국

Korean groups in Russia
hold or exit

Korean business in Russia is usually described in one word — leaving. The actual picture is three situations at once: companies winding down and needing a clean, compliant exit; companies holding a frozen structure and waiting, with a dormant entity that still files and a Type-C account it cannot freely access; and a quiet few re-entering or expanding as the field of competitors thins. The suspension of the Russia–Korea tax treaty in 2023 reset the arithmetic for all three — dividends now face 15%, interest and royalties 20%, with no relief until it is restored — raising the cost of operating, holding and exiting alike. We work the situation you are actually in, not the one the headlines assume.

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Served in Korean, English and Russian · 한국어 지원
Suspended
the Russia–Korea DTT is suspended by Decree 585
Domestic rates
apply where treaty relief no longer does
Approval
disposals generally require Sub-Commission clearance
Sequencing
tax clearance, employees and cash, in order
Suspension changes withholding on dividends, interest and royalties — worth re-running against the existing structure.
01

What is specific to this corridor

Exit, hold or re-enter — each is a different plan. The suspended treaty raises the cost of all three.

01
Suspension changed the arithmetic

The Russia–Korea double tax treaty is suspended under Decree 585. Relief that an existing structure was built around may no longer be available, and the domestic rate applies instead — most visibly on dividends, interest and royalties to the parent.

02
Getting paid, and getting money out

This is where most groups from your region actually get stuck. Settlement routes are narrower, correspondent banking is cautious, and funds that reach a Russian account are subject to currency control and, for owners from designated jurisdictions, authorisation limits on the way out. The route has to be planned rather than assumed.

03
Presence and people

Where presence is being reduced, employment comes first in the sequence: the Labour Code sets the grounds and the procedure, and getting it wrong creates claims that survive the entity.

02

What we handle

Legal & corporate
Full service →

Corporate, commercial and regulatory support.

ContractsNamed adviserReported in English
Tax & compliance
Profit tax, VAT and withholding — filed right and defended.
CIT 25%
Accounting (RAS)
Statutory books head office can actually use.
1C statutory
Company registration
Entity form, registration and getting operational.
LLC in 3–5 days
Also: Currency control · Employment law · Exit & liquidation
Payments & treaty position
Holding is also a decision

An entity left dormant still files, still needs a director, and still costs more to unwind in two years than it does now. Worth deciding rather than drifting.

03

Selected work

Cases
See how we work with clients like you
04

Insights

Cross-border
Double tax treaties with Russia: suspended treaties, active DTTs and WHT rates 2026
Market focus
European Companies in Russia 2026: Operating
Market entry
Exiting Russia: A Guide for Companies from
05

Questions clients ask

We are exiting Russia — what does a compliant wind-down actually require? +

It is more than deregistering a company. A clean exit settles tax and reporting to the exit date, closes employment obligations correctly, handles the disposal or transfer of assets, and — where required — obtains the government commission approval for disposals involving parties from countries treated as unfriendly. Because the treaty is suspended, flows out to Korea are taxed without relief, so how the exit is structured and sequenced changes what you actually recover. We run it to close cleanly, without a residual tail of Russian obligations.

Our Russian subsidiary is dormant and its funds are frozen — is there ongoing compliance? +

Yes. A dormant entity still files statutory accounts and tax returns and stays on the register, and missed years build penalties that appear at exit or reactivation. Where cash sits in a Type-C account, access is restricted but reporting obligations continue regardless. We hold the structure compliant and low-cost, so it is ready to either exit or restart cleanly rather than needing a backlog cleared first.

Could re-entering while competitors leave make sense for us? +

In some sectors it does — the firms that stay or return compete for the same demand against a thinner field. The conditions differ from before 2022: CIT at 25%, a suspended treaty, and banking that needs planning. None of that is disqualifying with a structure built for the current rules. We set out the position candidly, downside included, so any re-entry is a considered decision rather than a bet.

Treaty positions and rates are confirmed per case before you rely on them.

Reviewing the Russian entity?

Hold, restructure or exit — different outcomes, different timelines. We model them against your actual position.

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