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Company Presentation



Company Presentation

Company Presentation



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Company Presentation Company Presentation Presentation Transcript

  • Your Western One-Stop-Shop in the CIS
  • About Us Since 2003 we have been supporting Western companies in business set-up and expansion in the CIS. With our offices in Moscow, St. Petersburg, Minsk, Kiev, Almaty and Hamburg, we support our clients as they enter the Russian, Belarusian, Ukrainian and Kazakhstani markets. In our 6 offices we have about 200 experts. We are a professional adviser of Western companies, with experience and a presence in Russia, Belarus, Ukraine and Kazakhstan – your expert in the fields of business consulting with a focus on market entry, enterprise foundation, interim-management, accounting and taxation as well as IT-support and recruitment. We do business in English, German, Russian, Belarusian, Ukrainian and Kazakh.
  • Content • Our competences • Our management • Setting up your business in the CIS • References • Memberships • Contacts
  • Our Competences: Setting Up Your Business in the CIS Accounting, Bookkeeping and Reporting Market Entry Consulting • Taking care of your Russian, Belorussian, Ukrainian or • Market studies Kazakhstani accounting • Business plans • Preparing your financial statements and tax returns • Fact finding tours • Tax consulting • IFRS and US-GAAP transformation IT-Consulting • Management reporting according to your requirements • System administration • Financial due diligence / tax due diligence • Automation of accounting system • Internal audit Recruitment/Competence Test in Accounting Interim-Management • Finance Directors • Accounting and finance • Chief Accountants • General Director function • Accountants • Financial Controllers Addresses and Office Space • Administrative staff • Business and legal addresses • Subleasing Outstaffing • Your employee employed by us Legal Services • Work Permit • Visa Support • Other Basic Legal Support
  • Our Management (1/3) Our management team consists of experienced professionals, who have been active in market entry consulting, tax consulting and management consulting in the CIS countries for years. Company Group RUSSIA CONSULTING BELARUS CONSULTING UKRAINE CONSULTING KAZAKHSTAN CONSULTING GERMANY CONSULTING Ulf Schneider (Founder and Managing Director of the Company Group)
  • Our Management (2/3) Moscow Office St. Petersburg Office Ulf Schneider Andreas Bitzi (Founder and Managing Director of the (Director) Company Group) Rainer Stawinoga (Tax Consultant and Financial Auditor; Director and Partner) Lars Flottrong (Director and Partner)
  • Our Management (3/3) BELARUS CONSULTING UKRAINE CONSULTING Minsk Office and Kiev Office: Sven Henniger (Director) KAZAKHSTAN CONSULTING Almaty Office: Severin Wilson (Director) GERMANY CONSULTING Hamburg Office: Hartwig Goessler (Partner )
  • Your Business Set-up in Russia, Belarus, Ukraine or Kazakhstan Market and Industry Analysis We help you to build up contacts with potential partners in Russia, Belarus, Ukraine or Kazakhstan. We do research for you regarding potential clients, suppliers and distributors. We check if those companies are registered in the local Commercial Registry and analyse their latest annual reports. If we believe that a company is viable, we get in contact with their key decision makers. In this way, we closely observe your potential competitors and analyse their business activities. Within the framework of our market and industry analysis, we also inform you about other aspects of business, such as the availability of qualified personnel, opportunities in real estate, financial planning and the volume of investments. We also explain existing legal and business-specific hurdles in a specific market segment to you. We provide you with a well-founded overview of the developments in your branch so that you can make a well informed decision about your upcoming business activities.
  • Fact Finding Tours We organise business trips to the CIS countries. Our consultants accompany you and take care of all of the organisational issues during your stay in Russia, Belarus, Ukraine or Kazakhstan. We familiarise you with all important sectors of the economy and introduce you to important individuals and relevant local business associations. Your market targeting trip to Russia, Belarus, Ukraine or Kazakhstan could include the following parts: • Market analysis of your sector • Meetings with potential customers or partners as well as with banks and business associations (for example the German Business Association or the Association of European Businesses) • Cultural programmes (for example visits to the Bolshoi Theatre, the Tretyakov Gallery or the Hermitage Museum) We can also organise your trip to the regions outside of the Russian metropolises, Belarus, Ukraine and Kazakhstan.
  • Your Legal Address in Russia, Belarus, Ukraine or Kazakhstan For the registration of a representation or a subsidiary company, a legal address in a CIS country is essential. As a rule, by the moment of registration, our clients do not have an office, since most of them choose to sign a lease agreement only after registering a representation or a subsidiary company. We can provide you with our legal address and inform you about all of the incoming correspondence from the local authorities. Office & Infrastructure We offer our fully equipped office units in Russia, Belarus, Ukraine or Kazakhstan which feature ready to use workplaces. Also our efficient infrastructure is available for your business use. In this way you can immediately concentrate on building up your business, without dealing with any related bureaucratic hurdles and costs.
  • Your Immediate Business Address in the CIS We are happy to provide you with one of our modern offices as a business address for your company. Our companies are located in the best parts of Moscow, St. Petersburg, Minsk, Kiev and Almaty, directly in the city center. Airports and train stations can also be reached easily from our offices. This is an easy and cost-efficient solution if you want to begin immediately in the CIS market right away, without the tiresome formalities related to the foundation of your company. We will put your company sign at the office entrance, make the informational material about your company available and personally greet your business partners in our office and inform them about your activities. Our receptionists answer the phone in German, English and Russian and can forward your incoming calls to any number that you prefer. Of course you will be informed about all activities. Your business address in our office is an ideal starting point for any further business activities in Russia, Belarus, Ukraine or Kazakhstan. Thus you are can demonstrate your presence in this important emerging market. At the same time, you have us as your partner that accompanies you professionally from the first step onwards. Finally, you can avoid all the extra hassles associated with the dealing with the local authorities on your own.
  • Legal services With regard to legal matters we offer for instance the following services: • Application for Work Permit • Visa-Support • Check of labor agreements from accounting and tax point of view • Preparation of agreements for Inter-Company financing with focus on tax matters • Preparation of Inter-Company Service Agreements with focus on tax matters • Re-registration of Legal Addresses • Liquidation of Russian legal entities and Representative Offices We would like to underline that we are not attorneys at law, but refer in more complex cases to professional law firms.
  • Tax Consulting / Tax Compliance Many Western companies underestimate the seriousness of tax consequences during the initial stage of the business set-up that takes place in the CIS countries. Once a decision is taken, it is very difficult to have it reversed. Therefore, comprehensive advising prior to the company registration in the CIS states is crucial. We consult you in the following areas: - Tax advisory related to the foundation of your company - Preparation and submission of your legal closings and income tax reports to the authorities - Tax due diligence, tax accounting policies - Tax optimisation for cross-border business activities Besides the local experts, who are proficient in Russian, Belarusian, Ukrainian and Kazakh tax laws and financial accounting, we also have German tax advisers and accountants. This is how we can provide you with a first-class consulting, especially in the cases of cross-border business activities.
  • Outsourcing of Accounting of Your CIS Subsidiary Companies The accounting system in the former Soviet states is based less on commercial principles and more on extremely formal, documentation-specific fiscal regulations. If the correct documents are missing, the finalised business transactions will not be processed, which can lead to a disruption of business activities for your company. In addition, you are obliged to file and submit your company’s balance sheet, profit and loss statement and tax returns on a quarterly basis to the local tax authorities. This has to be done irrespective of the size of your company. Due to the above-mentioned factors, accounting in Russia, Belarus, Ukraine or Kazakhstan involves a significantly higher time and labour investment than in countries with Western reporting regulations. Since the foundation of our company in 2003, we have specialised in the outsourcing of accounting for our clients’ subsidiary companies in the CIS. We carefully prepare numerous reports that are required on a quarterly basis. We submit your documentation to the local tax and statistical authorities and can respond to their further inquiries, in case this is necessary.
  • Payroll Accounting Many Western companies underestimate the complexity of payroll accounting in the CIS countires. Unlike Western payrolls, a massive amount of personnel administration documentation, such as overviews of working hours and internal directives, known as “Prikaz”, have to be submitted in local payroll accounting. Payroll calculations in the CIS are significally more complicated than in the Western countries. For example, during a paid vacation employees do not receive a regular salary but rather an average of the salary for the past 12 months. The vacation remuneration is calculated based on the number of calendar days, not working days, which further complicates the salary calculation. We would be happy to take over the entire payroll accounting of your company within the scope of our accounting services.
  • Transformation to IFRS and US-GAAP Based on the reports prepared for the local tax authorities by a common accounting department in a CIS country it is impossible to perform a financial analysis which would produce an accurate overview of the economic situation of your CIS subsidiary. For example, cost unit calculations are practically unknown in an accounting system in a CIS country. Even the display of a cost type in the profit-and-loss statement is not typical. For this reason we produce additional reports for our clients based on the requirements of the Western financial accounting (such as IFRS or US-GAAP), which we can prepare either in German or in English. Our financial experts transform Russian, Belarusian, Ukrainian or Kazakh accounting into the Western financial reporting. This is useful for you when it comes to consolidation. In addition, our financial and tax experts make sure that your financial statements do not contain any irregularities, which could lead to the troubles in the future. Thus you can continuously observe the financial situation of your subsidiary in Russia, Belarus, Ukraine or Kazakhstan and concentrate on your primary business, rather than waste time dealing with bureaucratic issues.
  • Automation of the Accounting System (ERP) The accounting programme 1S (1C in Russian) has been developed by the company of the same name, and represents the CIS fiscal requirements very accurately. Therefore 1C enjoys a de-facto monopoly position in the CIS. Unfortunately the standard version of this programme is not prepared for the Western-style financial analysis. Our IT specialists have expanded the functional capacity of this programme. Thanks to the additional functions, 1C can be integrated into your Western reporting system. Furthermore, you can tie in the accounts structure, specified by the tax authorities with your internal accounts structure. Due to the targeted creation of the standardising entries, you will receive the automatic, economically comprehensive values in your Western reporting system. Owing to the implementation of additional interfaces in 1C we can connect it to other applications, such as your corporate ERP-system. Therewith you can connect Russian, Belarusian, Ukrainian or Kazakh business reality with your Western management requirements.
  • Internal Audit of Your CIS Subsidiary Company We can also support you in performing internal audits of your CIS subsidiary. We consult you during the preparation and actively support you during implementation. Our consulting is focused on adapting your internal regulations to the accounting requirements which have to be met in Russia, Belarus, Ukraine or Kazakhstan.
  • Financial and Tax Due Diligence When you are considering the acquisition of a company it is usually rather difficult to know in advance what kind of company you are buying and what kind of risk you might face. That is why due diligence is definitely crucial for Western companies. For the following reasons due diligence is extremely important in the CIS: • Provisions are not usually formed and expenses are often booked later • Profits are often deducted through a related or affiliated company • Ownership situations are sometimes unclear We conduct due diligence practically and quickly in all regions of Russia, Belarus, Ukraine and Kazakhstan and give you a most accurate overview of the actual situation of the object. Furthermore we give practical advice for purchasing a company and for solving the problems that may possibly arise.
  • We have the expertise to advise and support you by solving organisational problems, restructuring or tax, accounting and personnel issues after the acquisition. Our due diligence can also be conducted on a smaller scale and it can be limited to auditing.
  • Recruitment: Finances, Taxation and Accounting Our consultants are not only experts in Russian, Belarusian, Ukrainian and Kazakh accounting but also in IFRS and US-GAAP. Therefore we are the right partner when it comes to recruiting for your chief accountants, tax experts, IFRS or US-GAAP experts, financial controllers or finance directors in addition to office managers, administration directors, assistants and secretaries. Unfortunately, as our experience has shown, the qualifications mentioned in the CVs of applicants do not necessarily match the skills that they really possess. Therefore, we have prepared a two-hour long special test for our applicants in the areas of finance, taxation and accounting. Only a small percentage of our applicants pass this test. We also use this test in order to thoroughly review the applicants to our clients. Thus you can be sure that only the most qualified and professional applicants are selected.
  • Interim-Management: Accounting and Finances Accounting and reporting play a much more important role in Russia, Belarus, Ukraine and Kazakhstan than in Western countries. Many Western companies are confronted with a very difficult situation in the CIS countries, when a chief accountant leaves the company, since the notice period is only two weeks and the local labour market is thin. It is a challenge to find a competent candidate for a replacement. We can not only assist you with a personnel search but also we can temporarily fill the position with our interim management. Our accountants will take over the tasks in your company until a replacement has been found.
  • Interim-Management: General Director Function According to the local corporate law, a local General Director has significantly more power and control than a Managing Director of a Western company. For example it is not possible to transfer a signature authority to two managing directors together: the General Director always has the right to sign by alone. Because of this, many companies designate a representative of the parent company, who is not present in the respective CIS country physically, as General Director. However a foreigner needs a work permit for this position. A work permit can only be applied for after the legal entity was registered. In order to solve this problem, we take over the General Director function. We can sign documents for your CIS subsidiary after your written permit. Thus you can ensure a smooth flow of the documentation.
  • Outstaffing: Your Employee Employed by Us It often takes a lot of time to register your own subsidiary company or a representative office. If you have already found your first local employee, you can not officially hire him. We can offer you our service of hiring this person in our company. Then we will charge you the expenses which include the administrative bid. After your subsidiary company or representative office is registered, you will hire your employees with your new legal entity.
  • Referenzen Basalt AG ECE Projektmanagement Yamaha Musical instruments Warner Bros. Neumann Esser Vorwerk International Lorenz Snack World Holding Company Thyssen Schachtbau Bauer Spezialtiefbau
  • Mitgliedschaften Representation of French Businesses European Business in the Russian Federation Association in the Ukraine Deutsch-Belarussischer Association of European Businesses Wirtschaftsclub in the Russian Federation
  • Kontakt Ulf Schneider, Rainer Stawinoga Sven Henniger Ulf Schneider Lars Flottrong Sven Henniger ul. Bakhrushina 32/1 vul. Shovkovychna 42-44 ul. Surganova 29 115054 Moskow, Russia 01601 Kiev, Ukraine 220012 Minsk, Belarus Tel.:+7 / 495 / 956 55 57 Tel.: +380 / 44 / 490 55 28 Tel.: +375 / 17 / 290 25 57 info@russia-consulting.eu info@ukraine-consulting.eu info@belarus-consulting.eu www.russia-consulting.eu www.ukraine-consulting.eu www.belarus-consulting.eu Andreas Bitzi Ulf Schneider Ulf Schneider Severin Wilson Hartwig Goessler Finlyandskiy pr. 4a ul. Zheltoksan 111 A Neue Rabenstraße 3 194044 St. Petersburg, Russia 050000 Almaty, Kazakhstan 20354 Hamburg, Germany Tel.: +7 / 812 / 458 58 00 Tel.: +7 / 727 / 333 44 48 Tel.: +49 / (0)40 / 605 366 13 info@russia-consulting.eu info@kazakhstan-consulting.eu hamburg@russia-consulting.eu www.russia-consulting.eu www.kazakhstan-consulting.eu www.germany-consulting.de W1B3AL London 75004 Paris 1050 Vienna 8001 Zurich 288 Regent Street 12, rue Pernelle Wiedner Hauptstrasse 135 Bahnhofplatz 4 Tel.: +44 / (0) 207 58 00 6 33 Tel.: +33 / 1 / 45 08 82 90 Tel.: +43 (0)1 301 00 30 Tel.: +41 (0)44 213 20 18 london@russia-consulting.eu paris@russia-consulting.eu wien@russia-consulting.eu zuerich@russia-consulting.eu