How can an individual entrepreneur work with foreign companies and receive payment in dollars in the current economic situation in the Russian Federation?

Question

Career in IT

Probably everyone knows about what is happening in Russia. Can there be potential problems when receiving payment from a foreign client? I work with IP.

Answer 1

I have several western clients in my work, and I offered them different payment options to try different ways. All methods are still hanging - payments are now processed longer than usual. When I collect the first post-sanctions harvest, I will definitely share this experience in detail.
But in general, I have now picked up Russian leads, from which I have turned my nose in vain lately, and I advise everyone to do the same.

Answer 2

Today I just received a transfer from Europe to my IP account. Sold 80%, left the rest in euros. Now the rate is going up a lot. There was no difference in terms of the payment processing time or its processing by the bank's currency control. The only thing, of course, is that the bank greatly understates the exchange rate relative to the exchange rate (by 10 rubles in my case), but we have to put up with this in the current conditions.
Bank - Uralsib, payment from Latvia. A friend also had no problems with receiving a payment from Canada.
Of course, it is clear that it is not yet known how everything will be tomorrow, but so far everything seems to be working.

Answer 3

So far it's better than nothing. Until it collapses and it is not clear exactly what is happening

Answer 4

Potential in what sense?
Money may not reach due to problems with the bank.
If they reach, it is necessary to sell 80% of foreign exchange earnings for rubles.

Answer 5

This question is also of interest, so far, from the proposed options, open an account in a country where you can travel and so that there are no sanctions on it! For example Turkey, Georgia. But it looks like it's kind of hard.
Share your opinions.

Answer 6

In your situation, I recommend trying the https://easystaff.io service . In short, how it works: first you invite the Customer there, he adds you as his freelancer. A task is created and a cost is set. The customer without any problems replenishes his balance in isistaf in dollars or euros, by card or transfer (they have a legal entity in Lithuania). Further, when the task is completed, the money immediately goes to your balance. Convert currency to rubles. Add a ruble corporate IP card or your individual card and withdraw. Money comes in rubles. You can download the closing documents for you and for the customer in the service.
In this scheme, there are no problems with the currency at all, since the money will come to you in rubles. You can stupidly keep money on their balance sheet in foreign currency and, if necessary, withdraw in parts.
The customer must be a legal entity, he cannot translate a physicist-physics through isistaf. The cost per circle is 7-10% of the transaction amount. Conversion within the service on the market without commissions and spreads.
If you are an individual and need to receive money from a foreign customer (US / EU ..), then the easiest way is to issue an invoice to him through https://start.easystaff.io and then as described above.
At the moment, VISA and MASTER in Izistaff work for I/O, but MIR is also supported

Answer 7

There may be not potential, but absolutely real problems, if you don’t sell 80% of foreign exchange earnings :)