Chapter about Russia in The Private Wealth and Private Client Review by ALRUD Law Firm experts
Kira Egorova, Of Counsel, Ekaterina Vasina, Senior Attorney, and Elena Golovina, Attorney, analyzed the current situation in the field of the Wealth Management in Russia and prepared an overview for the third edition of the Private Wealth and Private Client Review.
The authors note the changes in the private Wealth Management regulation in the country, as well as the growth of the proposals of Wealth Management among private and state banks. At the same time, according to the experts’ opinion, the Russian inheritance law is obsolete and needs to be changed.
Experts give the detailed description of the taxation rules, the succession, wealth structuring and regulation. In accordance with authors review, the area of Russian private wealth is one of the fastest growing in the world, as well as attractive for the private clients practice.