4 ms·

Legally Yandex is well integrated into the EU. Their main co. is a dutch, public company. Not sure how sanctions should work in this case.

by _1tan 4y ago

MomoXenosaga 4y ago
For tax reasons only. We call them "brievenbus firma". They don't have any actual operations here.
- the-lazy-guy 4y ago
  Yandex did have a Dutch datacenter when it planned the expansion in Turkey (and other countries later). That expansion didn't work out and that datacenter was closed. Taking that aside, I wouldn't say that Yandex is incorporated in Netherlands for tax reasons anyway. (It actually pays most of its tax in Russia anyway). It was created for legal reasons though. AFAIK its ownership structure (with 2 classes of shares, with different voting rights) was illegal in Russia at the time Yandex went public.
- vbezhenar 4y ago
  Many Russian companies used foreign registration to prevent raiding from corrupt higher-ups. It was kind of rule, at least in IT companies. For example FSB forced Durov to sell vkontakte. It wouldn't happen if vkontakte was registered outside of Russia. I don't know whether that reasoning was applied to Yandex case, but I wouldn't be surprised. Another former Russian company is Jetbrains which used to operate from Russia for a long time, but their company was registered in Prague. I wonder if Yandex eventually will be forced to completely move inside Russia. It seems that their Russian operations are main revenue source and they probably would not be able to leave Russia. And with current events unfolding, wall between Russia and Europe will probably only rise.
  - orangepurple 4y ago
    Jetbrains is hiring in Munich, Germany, Prague, Czech Republic, Remote, Amsterdam, Netherlands, Berlin, Germany, Cyprus, Serbia, and Armenia. I don't know when they were a fully Russian company as you claim they were at one point.
    - piskov 4y ago
      Just google translate this post on jetbrains blog https://blog.jetbrains.com/ru/team/2018/08/29/rossiyane-sozdali-it-kompaniyu-jetbrains-c-vyruchkoj-150-mln-slyshali-o-nej/ https://blog.jetbrains.com/ru/team/2018/08/29/rossiyane-sozd... As of the end of 2018 most of the company’s staff has been located in Russia. This of course changed as devs were given a choice: either relocate (with company’s support) until the end of March, or leave the company. Jebrains started on the remnants of russian Borland branch. Founders worked for TogetherSoft (which was accuired by Borland) from Russia till 1999 when they moved to Prague where in 2000 they started Jebrains. But till the very recently most of the development was conducted in Russia.

Legally Yandex is well integrated into the EU. Their main co. is a dutch, public company. Not sure how sanctions should work in this case.

by _1tan 4y ago

Legally Yandex is well integrated into the EU. Their main co. is a dutch, public company. Not sure how sanctions should work in this case.

MomoXenosaga 4y ago

For tax reasons only. We call them "brievenbus firma". They don't have any actual operations here.

the-lazy-guy 4y ago
Yandex did have a Dutch datacenter when it planned the expansion in Turkey (and other countries later). That expansion didn't work out and that datacenter was closed. Taking that aside, I wouldn't say that Yandex is incorporated in Netherlands for tax reasons anyway. (It actually pays most of its tax in Russia anyway). It was created for legal reasons though. AFAIK its ownership structure (with 2 classes of shares, with different voting rights) was illegal in Russia at the time Yandex went public.
vbezhenar 4y ago
Many Russian companies used foreign registration to prevent raiding from corrupt higher-ups. It was kind of rule, at least in IT companies. For example FSB forced Durov to sell vkontakte. It wouldn't happen if vkontakte was registered outside of Russia. I don't know whether that reasoning was applied to Yandex case, but I wouldn't be surprised. Another former Russian company is Jetbrains which used to operate from Russia for a long time, but their company was registered in Prague. I wonder if Yandex eventually will be forced to completely move inside Russia. It seems that their Russian operations are main revenue source and they probably would not be able to leave Russia. And with current events unfolding, wall between Russia and Europe will probably only rise.
- orangepurple 4y ago
  Jetbrains is hiring in Munich, Germany, Prague, Czech Republic, Remote, Amsterdam, Netherlands, Berlin, Germany, Cyprus, Serbia, and Armenia. I don't know when they were a fully Russian company as you claim they were at one point.
  - piskov 4y ago
    Just google translate this post on jetbrains blog https://blog.jetbrains.com/ru/team/2018/08/29/rossiyane-sozdali-it-kompaniyu-jetbrains-c-vyruchkoj-150-mln-slyshali-o-nej/ https://blog.jetbrains.com/ru/team/2018/08/29/rossiyane-sozd... As of the end of 2018 most of the company’s staff has been located in Russia. This of course changed as devs were given a choice: either relocate (with company’s support) until the end of March, or leave the company. Jebrains started on the remnants of russian Borland branch. Founders worked for TogetherSoft (which was accuired by Borland) from Russia till 1999 when they moved to Prague where in 2000 they started Jebrains. But till the very recently most of the development was conducted in Russia.