Russia, the largest country in the world, covers more than one-eighth of the world’s inhabited land area and has a population of over 140 million people. It is a country has lots of traditions associated with over 160 different ethnic groups. The capital city of Moscow is the main economic, political, cultural and scientific centre of Russia and far Eastern Europe.
Rich on national parks, nature and biosphere reserves Russia has a very wide natural resource base, including timber, coal, natural gas, ores and other mineral resources.
The mineral and energy resources are estimated to be the largest in the world.
Russia, as one of the largest producers of oil globally, is focussed on developing its infrastructure to match the rest of the world.
CXC Global’s long established company and local expertise and knowledge of Russian labour and tax legislation, allows us to work closely with our clients, assist with Local Tax, Visa applications, sponsorship, company set-up, including preparation of a personal income tax returns at the end of the tax year. CXC also assists its contractors with local immigration and tax registration as well as assistance in opening bank accounts and assistance in self-employed solution set up if required.
Contracting in Russia is complex. Russia has a uniform income tax rate but it is higher for non-residents and is not very contractor friendly. Russian cities are recognised for having high living standards but are expensive for expats. For foreign national contract workers, contracting in Russia, it would be wise to consult with CXC Global on the best way to structure, and how best to balance taxation.
For MORE INFORMATION www.cxcglobal.com.ru