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⍰ ASK What role does due diligence play in the establishment of offshore companies in Russia?

Conducting thorough due diligence is crucial when setting up offshore companies in Russia. It helps manage risks and ensures compliance with local laws.

Firstly it assesses Russias legal and regulatory landscape, covering tax obligations, licensing, and corporate governance. Additionaly due diligence is vital for vetting potential local business partners, ensuring credibility and legitimacy.

Knowing their reputation is key for navigating the business environment effectively and it helps avoid potential pitfalls.
 

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