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Banks & Finances - Russia Vibes Guide 2025
Managing finances in Russia is straightforward with a wide range of banking services available to both locals and visitors. Major Russian banks like Sberbank, VTB, and Gazprombank offer international and domestic banking services, including savings accounts, credit cards, loans, and foreign exchange. ATMs are widely available, and many accept international cards. For ease of transactions, mobile banking apps are popular and provide quick access to services. While Russia has a modern financial infrastructure, it’s important to stay informed about local regulations and ensure your bank offers the services you need for a smooth financial experience while traveling.
How to Structure Offshore Investments While Living in Russia
As Russia's financial and regulatory environment has evolved, many residents and foreign nationals living in the country have begun to explore offshore investments to diversify their portfolios, minimize taxes, and access international markets.
Promsvyazbank (Промсвязьбанк) in Russia: A Leading Financial Institution with a Focus on Service and Innovation
Promsvyazbank (PSB) is one of Russia’s leading private financial institutions. Founded in 1995, Promsvyazbank has become a prominent player in Russia’s banking sector, offering a wide range of services to both individual and corporate clients.
The Best Ways to Save Money on Banking Fees in Russia
Managing banking fees effectively is an important aspect of personal finance for expats and locals alike in Russia.
How to Plan Your Estate and Will as a Foreigner in Russia
Estate planning is a crucial process for securing your assets and ensuring your wishes are respected after your passing.
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Understanding Russia’s Currency Exchange Rules for Expats
As an expat living or working in Russia, navigating the country’s currency exchange rules is essential to manage your finances effectively.
How to Navigate Russian Bureaucracy When Setting Up a Business
Setting up a business in Russia can be a lucrative opportunity, but it is also associated with navigating complex bureaucratic processes.
The Legal Process for Hiring Employees as a Foreign Business Owner in Russia
Hiring employees in Russia as a foreign business owner involves a series of legal steps and compliance with local labor laws.
Understanding Russia’s VAT System for Foreign Entrepreneurs
Russia’s Value-Added Tax (VAT) system is a crucial aspect of the country’s taxation system, and understanding how it works is vital for foreign entrepreneurs and businesses operating in Russia.
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How to Get a Tax Identification Number (TIN) in Russia
A Tax Identification Number (TIN) is a unique number assigned to individuals and entities in Russia for the purpose of taxation.
Understanding Russia’s Anti-Money Laundering Laws
Russia has established a set of comprehensive Anti-Money Laundering (AML) laws designed to combat money laundering, terrorist financing, and other financial crimes.