Relocation Advice - Moscow
AP Executive offers recruitmetn services in Moscow, for Moscow Jobs please do not hesitate to contact our experienced consultants.
Overview:
Moscow is the capital of Russia and home to some 11 million inhabitants. It is the most populated city in Russia, Continental Europe and the seventh most populous in the world. Furthermore, Russia hosts 79 billionaires and has recently claimed top position over New York for this statistic.
Why choose Moscow:
Moscow is a city packed full of history and culture. There are many misconceptions about Moscow, many of which are false; an example of this would be the food. Many think that Russian food is stodgy and not very pleasant. This is not so, there are various local restaurants that cater to all tastes, it just takes a bit of "trying out" to find what you like.
When it comes to tax, Moscow proves attractive to potential employees wanting to relocate to the capital. Personal income tax in Moscow is levied upon individuals at a flat rate of 13% (providing you are resident and/or work in the country more than 183 days a year). Furthermore, employees in Russia do not have to file a tax return; it is automatically deducted by the company the individual if working for. If one is working in Moscow for less thank 183 days a year, then the tax rate jumps to 30%. The corporate profit tax in Moscow is 20% of pre-tax profits, although dividends paid to shareholders are only subject a to a 9% tax. There is a special tax in Russia on gambling and lottery wins, this is capped at 35%.
There are various arms of international businesses in Moscow, this includes; Private Banks, asset management companies, trusts and investment banks.
Relocating to Moscow:
If you want to work in Russia, you will need to be registered and
get a work permit. The work permit is an official document in the
form of a plastic card which can be obtained by applying to the
Federal Migration Service. The application takes about 10 days to
be processed. If the permit is given, you can legally be employed
in Russia by a company, or you can become self-employed. The cost
of a work permit is 1,000 rubles which is approximately 25 Euros.
There are also temporary permits.
Foreign citizens living in Moscow who have a temporary or full
residence permit do not need to get a separate work permit. There
are also some other special categories of people who do not need a
work permit.
Once the work permit is issued, you should find gainful employed within 90 days, otherwise you will be expected to leave Russia. If you are working, but you have to leave Russia temporarily, you do not have to apply for another permit: the work permit will stay valid for the period of time for which it was issued.[1]
Career Opportunities:
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Private Banking
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Trusts
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Wealth Management
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Legal Positions
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Accountancy/Credit/Audit
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Investment Banking
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Asset Management
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Real Estate
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Insurance/Reinsurance
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IT
[1] Expatica.ru
