Many foreign corporations and individuals that have planned to start businesses in Finland have considered the process for opening a bank account in a local bank overly complicated and time consuming. This is mainly because the Finnish banks have presented numerous questions concerning the company’s business...
To work in Russia, a foreigner is required to obtain a work permit from the Ministry of Inferior Affairs. The Russian law, i,e, the Federal Law No. 115-FZ of 25 July 2012 on the Legal Status of Foreign Citizens in the Russian Federation, provides for different...
Karoliina Kaihlanen joined our team 2.9.2015. Karoliina has completed her LL.M degree at the University of Helsinki and she has also been an exchange student at the Masaryk University in Czech. Prior to joining MK-Law, Karoliina gained work experience at other Finnish law firm specialized...
We are happy to inform that we have found a new office in St. Petersburg on the Moika Embankment. The address of the office is: Moika Embankment 58, lit. A, of. 408 190 000 St. Petersburg Russia The office is in the very center of the city just a...
Today, president Vladimir Putin of Russia signed a decree ”on application of certain economic measures for the purpose of ensuring the security of the Russian Federation”. The decree, which entered into force upon its signing, prohibits international commercial transactions related to import of agricultural products, raw...
A typical way to carry out business in another country or within another geographical territory is through so-called agents or distributors. By concluding an Agency Agreement (also referred to as Representation Agreements / Contracts) or a Distribution Agreement (also referred to as Reseller Agreements /...
An employment relationship can end in different ways: a fixed-term employment contract normally ends at the end of the fixed period or on completion of the agreed job, whereas an indefinitely valid employment contract (permanent contract) ends when it is terminated by either party. Both...
Subject As any other supply contracts, also supply contracts entered into with Russian buyers should thoroughly define both the goods that the agreement concerns, as well as the quantity and quality of the goods that the supplier shall deliver to the buyer under the supply contract....
The most common type of legal entity used by businesses in Finland is the limited liability company. Foreign companies may alternatively establish a Finnish branch. Registration Documents needed for the registration of a limited liability company in Finland comprise: The founding agreement The articles of association Protocol of the board...
Today, the Finnish government published a report on the government’s decisions on spending limits and state finances, including certain decisions on taxation. One of the major decisions made by government concerns the Finnish corporate tax rate, which currently stands at a rate of 24,5 %. According...
