Business EAST

Expertise for Eastern Europe, Caucasus and Central Asia. Since 2003

18 offices
15 countries
1 team

Ulf Schneider President & Founder

Ekaterina Kvaskova Partner CIA, Internal Controls and Audit, Moscow

Dr. Thomas Mundry Partner Legal, Tax, Moscow

Alexey Kozlov Partner Accounting and Financial Management, Moscow, Russia

Natalia Wilke Partner Legal, General Director, St. Petersburg

Christopher Schagerl Partner Interim Management, Moscow, Russia

Natalia Shulzhenko Partner Belarus

Kirill Afanasyev Partner Kazakhstan, Kyrgyzstan

Ludmila Malsagova Partner (Finance & Accounting) Kazakhstan, Kyrgystan

Nodir Ayupov Partner Uzbekistan

Yeva Voskanyan Partner Armenia

Bayram Rahimov Head of Office Azerbaijan

Anuki Okromchedlishvili Head of Office Georgia

Jolita Lieparskiene Head of Office Lithuania

Andrej Steiner Head of Office Serbia

Aurelia Jarcov Head of Office Moldova

News

RUSSIA

15/07/2024

Tax Reform in the Russian Federation

From 2025, businesses will face an increase in income tax from 20% to 25% and changes to taxes for certain branches. Further notable changes include, among other things, the introduction of a five-stage progressive personal income tax scale and implementation of VAT for a segment of small businesses.

KAZAKHSTAN

10/07/2024

Important changes in tax law of Republic Kazakhstan

Amendments to the tax legislation include exclusion of the Principality of Liechtenstein from the list of offshore zones, changes on transfer pricing, exemption from the obligation to submit income tax returns.

ARMENIA

08/07/2024

Crypto Regulation Bill: Objectives and Perspectives

The Armenian Cryptocurrency Regulation Bill aims to ensure customer protection, prevent illegal activity and encourage innovation.

All news

Events

Online Event

10/07/2024

Ban on foreign ERP in Russia: Second Wave of Sanctions

During our Online Event, SCHNEIDER GROUP experts will provide insights into compliant software solutions and guide you through the necessary steps to migrate your operations to Russian-made software.

Business Meetup

27/06/2024

Unlock Your Business Growth in Eurasia

Serbia is developing into an increasingly important strategic trading partner for the EU, China and Russia as an economic driver, nearshoring market and regional hub in the Western Balkans. Join our Business Meeting in Belgrade and gain in-depth market insights for the Eurasian region from leading international experts.

ONLINE EVENT

20/06/2024

Crisis Communication and Business Resilience: Strategies for Operating on the Russian Market

The current economic and geopolitical situation has triggered significant changes in the corporate structures of many companies, as well as to restructuring of core business processes, supply chains and cash flow routes.

All events

Success stories

THYSSEN SCHACHTBAU

Backoffice 24х7х365

More than 40 SCHNEIDER GROUP employees complement the THYSSEN SCHACHTBAU team. Since 2007, SCHNEIDER GROUP has provided high-quality bookkeeping, tax accounting and legal support, 24/7/365. SCHNEIDER GROUP is also responsible for payroll calculation for 1000+ employees, preparation of reports, implementation of automation projects and interaction with government agencies on behalf of the customer.

Automotive components manufacturer

Accounting switch to 1C:ERP

We migrated the customer's accounts to 1C:ERP and added two enhancements: one that enables detailed analysis of deviations in component prices used in finished product manufacturing, and another that enables analysis of deviations in the cost of finished goods.

Doppelmayr

Subsidiary incorporation

SCHNEIDER GROUP registered a Russian subsidiary for Doppelmayr and provided an interim General Director for the purpose of company incorporation and administrating in accordance with head office’s instructions. The interim General Director represented the customer before public authorities and managed customs and tax declarations in close collaboration with the parent company.

International logistics company

Audit of risks during accounting transfer from Russia to Poland

The customer planned a partial transfer of accounting from Russia to a shared service centre in Poland. SCHNEIDER GROUP consultants identified the risks arising from the transfer and developed recommendations for restructuring internal policies to minimise them.

Manufacturer of innovative printing solutions

Audit of payments to ensure compliance with Russian legislation

Due to significant business growth in Russia, the customer was faced with the challenge of consistently applying corporate payment policies in their Russian subdivision. SCHNEIDER GROUP consultants conducted an independent payments audit to assess compliance with Russian legal requirements and corporate group standards.

WELEDA

Switching to electronic document management

We implemented electronic data exchange and electronic document management at WELEDA. We also assisted in setting up data exchange with a major retailer, an online store and a premium supermarket chain.

International FMCG company

Importing and selling goods in Russia

We collaborated with the customer to carry out market research, develop a detailed product assessment and plan promotional activities. We also helped them find would-be distributors and negotiate contract terms.

Pharmaceutical manufacturer

Expanding into new markets

We assisted a German pharmaceutical company in establishing a subsidiary in Russia, including opening bank accounts, hiring four employees, subleasing fully equipped office space and providing a temporary General Director, among other tasks.

DEBAG

Accounting outsourcing

We set up a subsidiary for DEBAG, handled all of their bookkeeping, acted as an interim administrator and prepared tax returns.

Machine manufacturer

Russian office business process assessment

SCHNEIDER GROUP’s suggestions for improvements in procurement, sales, HR, currency and financial control processes have helped employees save time and achieve a faster turnaround time for orders.

Perfume exporter

Keeping the supply to Russia flowing smoothly

Upon learning that a breakdown in relations with the company's distributor had rendered its products unavailable for import into Russia, our specialists quickly issued the necessary certificates to facilitate supply while also taking on the risk of any potential consumer complaints.

German pharmaceutical manufacturer

Interim administration of Russian representative office

We completed tax due diligence on a German pharmaceutical manufacturer's representative office in Russia to identify accounting risks, took over management of the representative office until it was wound up, incorporated the office into a local subsidiary, formalised employee transfers from the representative office to the subsidiary and arranged the office’s winding-up process.

Food importer

Tax risk assessment

The customer’s new chief accountant hit some roadblocks in assessing tax and accounting practices due to the geographically distributed nature of the company, and decided to seek support from SCHNEIDER GROUP. Our review helped to identify irregularities and possible penalties, and our experts were able to develop principles for a systematic approach to risk management in finance and taxation.

Austrian laser technology company

IP rights protection

We developed a Trade Secrets Policy along with all the necessary legal documents for a laser manufacturer, including a list of confidential and proprietary information, a non-disclosure agreement and employee contract templates.

Bogner

Preparing complex export documentation

Since 2014, we have assisted Bogner in attaining conformity declarations and certificates for a variety of products, ranging from clothes to marketing materials.

Developer of thermal and acoustic insulation solutions

Accounting and tax review

A Russian manufacturer was to be bought out by a foreign company that already owned 50% of the shares. SCHNEIDER GROUP’s assessment of accounting and tax practices uncovered inconsistencies in the tax accounting and payroll processes, as well as drafting and contracting errors. Our report and the steps taken to mitigate these risks had a positive impact on the takeover process.

Mankenberg

From Employer of record to company incorporation

MANKENBERG aimed to expand to the Russian and CIS markets. To give MANKENBERG the opportunity to test the market without significant investment, we hired an employee on behalf of the company. The employee was provided with a fully-equipped workspace in our office with secretarial and administrative support.

Hoist machinery manufacturer

Logistics costs optimisation

When delivering construction machinery to the Siberian region, SCHNEIDER GROUP consultants recommended that the customer switch from air delivery to road delivery during the winter months. This resulted in the customer paying over 2.5x less in transportation costs on just this logistics leg.

All success stories

Build your path to success with SCHNEIDER GROUP

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