St Petersburg, Russia
+7-921-977-0469 (WhatsApp Only)
craig@ViannaInRussia.com

Cash Payments – Legal considerations for THInK :

Cash Payments – Legal considerations for THInK :

  • THInK is a company based in the United States and this means that they are legally not allowed to accept any cash payments in Russia.
  • According to Russian Federation laws – the collection of cash in any foreign currency without the proper authorisation from the relevant Russian government department, would be illegal.
  • The collection of cash would require a specific machine issued in accordance to the Russian taxation departments rules and regulations. THInK would not qualify for this machine as they are not a company based in Russia.(This machine is used to issue cash payment receipts).
  • Currency regulations would also apply, especially with regards to currency exchange. THInK is not authorised to perform any currency exchange transactions.