Your company is in good hands!

Your company is in good hands!

Fiduciary Management

We help to organize a secure transfer of the trusted company to the trustee or arrange a buyback option in a risk-free manner.

Due to the recent changes in legislation and the current economic situation the question of how to arrange fiduciary management becomes more and more urgent for shareholders of Russian foreign entities.

What is it?

Fiduciary management is the process of transferring the management of a company to a third party in order to ensure the effective management of assets.

A trustee is an individual or legal entity who, by decision and trust of the founder and / or shareholder, is entitled to perform any actions that fall within the competence of a shareholder, but is not entitled to dispose of shares in the authorized capital. That is, he/she owns the entire scope of the rights of the owner, except for the alienation of shares.

Types of fiduciary management:

  • Complete. Complete fiduciary management implies that a trustee fully manages the assets without the participation of the founder (shareholder).
  • By agreement. In this case, the trustee acts at his/her own discretion, but coordinates his/her actions with the founder (shareholder).
  • By order. The trustee acts according to the strict instructions of the founder (shareholder).
  • Buyback option. The trustee buys the shareholder’s stake, but he/she will have an opportunity to buy it back later, for example, when conditions are more favorable.

How it works?

In order to arrange fiduciary management, it is necessary to prepare an agreement between the trustee and shareholder/s, which will describe his/her powers, the type of fiduciary management, as well as the terms and conditions for termination, etc.

In general, under a fiduciary management agreement, the trustee undertakes to manage the property in the interests of the founder (shareholder) or the person specified by him/her.

The law does not prescribe the conclusion of a fiduciary management agreement in the presence of a notary, in case the shares are not alienated. Therefore, a simple written agreement will suffice.

At the same time, in order for the trustee to exercise his/her rights to participate in general meetings, it is necessary to draw up a notarized power of attorney.

It is necessary to inform the tax authority about the transfer of shares to the trustee within three working days from the date of conclusion of the fiduciary management agreement.

The shareholder is not required by law to notify the Legal entity, but it is recommended to do so in order to optimize management process.

Our services:

  • Drawing up a fiduciary management agreement
  • Registering the share sale with authorities
  • Arranging a buyback option
  • Informing tax authorities about the transfer of shares to the trustee
  • Rendering trustee services

FIDUCIARY MANAGEMENT

The cost of our services is determined individually after a free consultation with our specialists.
We support transparent pricing! We will offer you a package solution with a final price. No hidden fees and unforeseen expenses!

Fiduciary  management

  • ✓ Preparing a fiduciary management agreement
  • ✓ Registering a fiduciarymanagement agreement with the tax authorities
  • ✓ Providing a trustee services
  • ✓ Registering a share purchase and sale transaction with tax authorities
  • ✓ Arranging an option with a buyback possibility
  • ✓ Customer service in English

MAIN EXPERTS

Our key competitive advantage is a highly qualified management team with work experience in Russia, Western Europe and beyond.

BEN WAGNER

Founder

A dual German-British national fluent in Russian, Benedikt has studied at both Oxford and Harvard, gained valuable work experience at Deutsche Bank and asset management house Baillie Gifford ($170bn under management) and holds the CFA charter.

ANNA SHEREMETYEVA

CEO

Anna Sheremetyeva, CEO, is a tax expert certified by the Chamber of Tax Consultants of the Russian Federation. For 12 years, she has been working as a chief accountant and controller for foreign subsidiaries in Russia (both in-house and outsourcing).

IRINA LU

Marketing

Irina Lu graduated with distinction from the financial academy in Moscow and received her MBA from Doshisha University (Japan). She is an experienced project management professional and worked for over five years for a UAE exhibition company.

MAXIM LU

Operation

Maxim Lu has a strong academic and professional background in the field of engineering. He received his Masters Degree from the University of Edinburgh. Maxim has participated in several research projects and has multiple highly ranked scientific publications. He is responsible for a systematic approach in establishing operation processes.

SERGEY VESELOV

Partnership

Sergey Veselov has graduated from the Faculty of International Law of the Moscow State Institute of International Relations of the Ministry of Foreign Affairs of the Russian Federation (MSIIR MFA RF) with a degree in Law. He is currently studying at Legal Regulation of Digital Development Master program at MSIIR MFA RF. He specializes in issues of international law, regulation of the circulation of cryptocurrencies and technologies using artificial intelligence. He is fluent in English and Spanish.

FREE TAX CONSULTATION

if you order fiduciary management services until the end of June 2023
Promocode: TRUST23

OUR SERVICES

Our processes are certified as meeting international standards in Information Security (ISO/IEC 27001:2013) and Quality Management (ISO 9001:2015).
We bear full material responsibility for our work and hold a policy with one of Russia’s leading insurance companies.

Why Wagner and Experts?

TESTIMONIALS

Please click on the reviewers’ names to see the original document.

We have been very satisfied with the tax consulting service rendered in November 2016.

The report provides extremely thorough and precise analysis. It gives valuable practical recommendations based on current tax and currency exchange legislation, as well as relevant court cases.

We express our respect for the experience and competence on display and are delighted to recommend Wagner & Experts to any company in need of tax consulting services.

Dmitry Lukashevich

Managing Director, Bell Russia

As the CEO of the HÜPPE Group, I would like to express our profound gratitude to Wagner & Experts, who provide accounting outsourcing and legal services to our Russian representative office.

Wagner & Experts stand out by offering a comprehensive package price for their accounting services. They include everything a small representative office’s chief accountant would normally do – for instance, unlimited verbal advice, providing powers of attorney or register extracts without extra charges.

They have been true to their word, highly competent, accurate, fast and helpful. We could exchange e-mails directly with our accountant, as she understands English and German. In short, the quality of service has been exceptional throughout, at an extremely competitive price.

I am enthusiastic about our partnership, which has helped us to significantly reduce cost and increase efficiency at the same time.

I sincerely hope that many other potential clients will recognize that opportunity.

Andre Kellinghaus

CEO, HÜPPE Group

WIBERG Rus is the Russian subsidiary of FRUTAROM, an international group. We would like to express our gratitude to 2Syn, LLC (brand name: Wagner & Experts) for their consulting services on VAT and corporate income tax, as well as their rapid response in providing them.

In August 2017, we contacted 2Syn, LLC for advice on the VAT and corporate income tax implications of supplying free promotional literature in the course of training workshops related to the company’s operations.

2Syn, LLC were quick in supplying a competent, well-founded answer to the question posed, with references to the Russian Tax Code, other legislation and relevant court rulings.

Our company is confident in its recommendation of 2Syn’s competent specialists. They are able to shed light on complex and even controversial issues arising in the course of daily business, related to accounting for revenues and expenses as well as corporate taxation.

Vera Maximova

Chief accountant, WIBERG Rus

I’ve been using Wagner & Experts and they have been incredibly helpful. My company is up and running, I’ve got my work visa, and it all happened as planned. They made this whole process way easier than I expected and the whole team are just nice people to deal with. Highly Recommended.

Chris Cole

Managing Director, MonkeyBear LLC

I would recommend Ben Wagner, very down to earth and honest person to deal with, who knows his stuff.

Siamak Karimzadeh

Entrepreneur

WHY OUTSOURCE?

Aspiring web entrepreneurs face another battle, namely, doing the undifferentiated yet all-important “heavy lifting” … Each area is a career unto itself, doing poorly in an area will cause the entrepreneur to fail, and yet doing a competent job at each one is simply the price of admission… developers routinely spend 70% of their time doing this back end work. At Amazon we call this ensemble of challenges ‘muck’.

If you deprive yourself of outsourcing and your competitors do not, you’re putting yourself out of business.

These results suggest that service outsourcing not only would not induce a fall in aggregate employment, but also has the potential to make firms/sectors sufficiently more efficient, leading to enough job creation in the same sectors to offset the lost jobs due to outsourcing.

Make sure your back room is their front room. In other words, don’t you do guard services at your plant. Get someone who specializes in guard services to do them for you. Get rid of in-house printing, in-house conference services, any business that isn’t at the core of your focus.

In a world of outsourcing, no organization should have second-class support groups. They should outsource those functions to someone else who makes their living doing this…Stop trying to be all things. Anytime you find anyone referring to any group as a “support function”, think hard about whether that’s a function you can outsource.

A brilliant example of this is Coca-Cola. The company produces the syrup that makes its hugely popular soft drink ‒ but outsources (via franchises) the bottling of the product. In this way, the main company retains control of the part that makes it unique, passing on the work that practically any other company could do.

WAGNER & EXPERTS IN THE MEDIA

Our specialists regularly comment on economic developments in Russia and worldwide on television and in print media.
Please click on the logos to view the videos or read the articles.

INTERNATIONAL NETWORK

We believe that a personalized approach is the best way to build durable relationships, so we have hand-picked our trusted partners to offer you best-in-class services, no matter where you need them.

Our partners in China (including Hong Kong), India, Italy, Turkey, Finland, Croatia, UAE and Germany will assist you locally on all business, administrative, (legal) and visa topics. We work in close collaboration with our partners, and we guarantee that you will be accompanied all the way through, to make your projects come true.

Get in touch with us and take advantage of Wagner & Expert’s network for your international business.

BUSINESS WITHOUT BORDERS
Call now:
+7 (499) 110-67-35.

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