Does it make sense to open a bank account outside the Russian Federation for freelancing?

Question

Freelance

Does it make sense to open an account for a non-resident in a bank outside the Russian Federation, for example, Armenia or Georgia, for freelancing, in terms of the absence of sanctions from these banks and, accordingly, the absence of problems with withdrawing money to your account?
How to deal with currency residence in this case?

Answer 1

You have disclosed too little information about yourself to give good advice (which, as you rightly noted, no one knows yet).
If you have many regular customers abroad and they form the basis of your income and there is a high risk of losing them in the current situation, then you probably need to look for ways to meet them halfway. Until the change of residence.
But the freelance market is not only in the West, the domestic market is also large, and I know many people who work only with Russian clients. Of course, in this case, opening an account in Georgia would be stupid.
In the current situation, I can only give one specific advice - do not panic and, most importantly, do not make decisions in a state of panic. Wait for at least some stabilization of the situation, when the new rules of the game are formed and become clear.

Answer 2

I think that in the light of the current situation, citizens of the Russian Federation will be denied the opportunity to open such accounts. Yes, and after they threw our citizens Binance and Interactive Brokers, I would beware of opening accounts abroad. True, I myself have not yet entered Binance after February 23, I had funds there, which, apparently, were also lost, like many of my other investments.
I lost in a week, if not more than I earn in a year, then definitely more than I save in a year.
However, I am of the opinion that the Motherland is not exchanged for a piece of bread, and if the choice becomes an edge, my Western clients will lose the opportunity to order services from me, and I will live without them - as I lived without them until the 14th year. Let this be their headache: how to open a legal entity in Russia to hire Russian contractors.

Answer 3

There are a lot of banks in the Russian Federation that are not affected by the sanctions.

Answer 4

You can not change the bank and use services like Solar Staff. Through them it will be possible to receive money on Russian banks

Answer 5

In general, not the other day, he signed a decree that it is impossible for residents to open accounts in foreign banks. I really did not understand the mechanism of how to track it. But of course, no one wants to be between a rock and a hard place.