German Business Group in Russia

Our German Business Group in Russia predominantly provides services to our German-speaking clients from Austria, Germany, Switzerland and other countries with significant German-speaking populations.  These services are accessible both in Russia and in the clients’ home countries. We are distinguished by a cross-disciplinary approach that not only renders expert legal, audit and tax services to our clients, but also provides them with intercultural understanding and language support.

Our auditors, lawyers and tax advisers work in conjunction with German specialists, making it possible to provide our clients with one-stop-shop services. We support German companies planning to launch operations in Russia as well as Russian companies planning to enter the German market. All of our clients have permanent access to a personal adviser.

Audit services

  • Russian statutory audits
  • Reviews required for capital market transactions (e.g. due diligence)
  • Audits of HGB (German Commercial Code), BilMoG (Law on Financial Reporting Reform), IFRS and US GAAP financial statements
  • Accounting system design and internal control reviews
  • Forecast analysis and reviews
  • Process audits
  • Advice on IFRS applications

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Advisory services

Financial and economic consultancy services covering different areas of corporate operations, including:

  • M&As
  • Due diligence, raising capital and attracting investors
  • Business valuations
  • SME issues
  • Reorganisations and restructurings
  • Forensic investigations
  • Business process optimisation, management and control improvement, IT systems, risk identification and internal audit
  • Real estate management
  • Risk management
  • Compliance with the US Sarbanes-Oxley Act

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Tax advice

Making investments in Russia—from launching a permanent establishment to financing subsidiaries—can raise a number of tax issues. We would be delighted to help you solve these and other challenges. We provide the following advisory services:

  • Tax consultations on planning and executing investments, including advice on opportunities in special economic zones and on the use of new financial instruments, such as special investment agreements
  • Development of effective solutions for typical tax issues faced by Austrian and German investors in Russia
  • Formulation of effective tax strategies for entities undergoing financial or legal restructuring
  • Calculation of profit/corporate taxes, personal income taxes, VAT, or withholding and other taxes
  • Accounting, assistance in drafting or reviewing tax returns, payroll calculations and other administrative services (e.g. registration of legal entities for tax purposes)
  • Client representation and support during due diligence projects, including on tax issues
  • Customs advice
  • Development of employment and compensation schemes in Russia for expatriates from German-speaking countries
  • Assistance in obtaining Russian work permits
  • Trainings and workshops

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Legal advice

The Russian market continues to be an attractive destination for companies from German-speaking countries. This is all the more reason why projects in Russia must be carefully planned, including a thorough assessment of the Russian legal and regulatory landscape.

Launching and operating a company in Russia can give rise to range of legal issues, including setting up branches and subsidiaries; structuring cross-border arrangements; registering Russian real estate; and obtaining necessary permits (construction, procurement, work and residence), to name a few. Our experts will be happy to assist you in addressing such issues as:

  • Drafting contracts (e.g. cross-border delivery contracts, service or licence agreements)
  • Setting up branches, subsidiaries and joint ventures
  • Conducting due diligence
  • Other corporate or civil law matters
  • Complicated areas of antitrust and competition law
  • Compliance with labour law and secondment arrangements
  • Complex real estate issues

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Contact us

Olaf Preller
Partner, Head of Foreign Business Groups, PwC Russia
Tel: +7 (495) 223 5013
Email

Tanja Galander
Senior Manager, Russian Business Group, PwC Germany
Tel: +49 30 2636-5483
Email

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