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Credinform Russia

Russian Risk Climate: Due Diligence Highly Recommended

Russian Tax Authorities recommend conducting due diligence when contracting with new counterparties Corporations and proprietors are often faced with additional VAT and income tax charges due to insufficient Due Diligence when dealing with fraudulent companies (in Russia, ‘fly-by-night’ is a common term used for such entities). Many such entities are involved in tax scams, which prompted the Russian tax authorities ... Read More »

Anti-Money Laundering: Russian Tax Authorities to Access EU Country Central Registers

Russian Tax Authorities will get access to an EU Central Register of ultimate “beneficial” owners of corporate and other legal entities, as well as trusts.   A “beneficial” owner is defined as a person who actually owns or controls a company and its activities and ultimately authorizes transactions, whether such ownership is exercised directly or by a proxy. Russia has joined the ... Read More »

Credinform Russia Announces Educational Initiatives in 2015

Entering into new partnerships is one of development strategies of Credinform (Russia) in 2015. Constructive relationships with High schools and educational centers were established for further training to bring comprehensive practical knowledge about credit risk mitigation to young and experienced professionals in Russia starting at the North-West region. St. Petersburg’s leading universities and educational centers welcomed the idea of Credinform ... Read More »

Credit Information Regulations in Russia:  Who has the Right to See a Credit History?

Russian citizens, as well as companies residing in the Russian Federation have the right to view their own credit history.  However if somebody wants to review credit history of a third person (company or consumer), prior consent is required in writing authorizing access to their credit records.  The Term “credit history” has only appeared in Russia since 2005. Since that ... Read More »

Credinform (Russia) Expands Data Coverage

BIIA Member Credinform (Russia) has expanded coverage of company records in its Information and Analytical System GLOBAS-i®: In addition to company records in its Russian database (data on 9 million companies + 7 million individual entrepreneurs), Kazakhstan and Ukraine, it has added company records from Belarus.  The data is now available online. Over 150 000 Belarus company records were added to ... Read More »

Country Risk Climate Russia: Report on Effect of Sanctions

BIIA member Credinform (Russia) provided the following assessment: Did the sanctions give a new impulse to industry? In spite of the sanctions war between Russia and Western countries concerning the situation in Ukraine, the dynamics of industrial production shows as good an indicator as any.  In the third quarter the growth amounted to 1,5% against 0,6% in the previous year. ... Read More »

BIIA Welcomes Credinform Rus, OOO as a Full Member

Information Agency Credinform (http://www.credinform.ru/en-US) is one of the leading business information providers in Russia. Since 1994 we have been offering risk management solutions on a local, national and international level assisting our clients – domestic and foreign – to check creditworthiness of their customers or suppliers, mitigate risks and make smarter business decisions. We focus on Business Credit Reports: off-line ... Read More »