Deel recognizes that the situation in Eastern Europe continues to be volatile and uncertain, with frequently changing market conditions. But we aim to help our customers however we can during these unstable times.

For more details on how we are handling the ongoing situation, please select a category below:

Update (May 3) For Russian Contractor Withdrawal Options

Update (April 8) For Russian Contractor Withdrawal Options

Update (April 1) For Clients With Russian Workers

How to complete mandatory documentation for withdrawals

Frequently Asked Questions

Sanctioned banks

Update (3 May 2024)

For Russian Contractors

Deel can no longer facilitate withdrawals to contractor bank accounts in Russia. Contractors with pending withdrawals to Russian bank accounts will see their funds returned to their Deel balance.

Independent Contractors and COR Contractors with pending withdrawals to Russian bank accounts will see their funds returned to their Deel balance.

Contractors need to choose another supported withdrawal method.

Current supported methods for withdrawal: 

• Using a foreign bank account, from a foreign bank not housed in Russia
• A supported digital wallet, if you are able to access one

Please note that Deel cannot create nor manage wallet accounts, as availability may change.

Update (8 April 2024 )

For Russian Contractors

Russian contractors can now add RUB withdrawals methods on platform, and upload their mandatory documents needed to begin the withdrawal process.

Contractors will be prompted to add required withdrawal documents as part of the withdrawal method creation flow ; they will not need to navigate to the Documents tab or the Compliance Documents section.

Please note that Russian contractors can only actually start RUB withdrawals once they send their documents and the documents have been reviewed and approved by the Deel finance team.

Deel aims to complete the review of contractor SEC documents by the end of the following business day. 

Withdrawals currently have a 7 day processing ETA.

It should be a straightforward four step process:

1. Independent Contractor in Russia adds RUB withdrawal method
2. When adding RUB withdrawal method, they will be prompted as part of that flow upload the Self-Employment Certificate (SEC) document
3. Deel team approves the SEC and withdrawal method within a full business day.
4. Contractors can now withdraw in RUB

UPDATE (1 APRIL 2024 ):

For Clients

Clients now have only two options for payment to workers in Russia:

1. Companies can switch their contractors to EOR employees using Deel's EOR hiring model.
    
2. Contractors must submit a Self Employment Certificate or an Individual Entrepreneur extract to Deel to compliantly process. These changes took effect April 1 2024

In Russia, stringent new regulations came into effect in April 2024.

Tightening restrictions on money transfers into Russia are a consequence of recent events, with the last remaining banks discontinuing USD transfers into the country. Moreover, there's been a notable uptick in scrutiny across the region and it’s generally not recommended to send money into Russia cross-border anymore.

To provide a solution, we've developed two secure and compliant options that we believe will serve as a sustainable long-term remedy.

Clients will have the option to engage their contractors as employees who are paid locally through our Employer of Record (EOR) model as employees. 

Clients can still utilize Deel to pay contractors, although they will receive funds exclusively in local currency (RUB) and will be required to upload either a Self Employment Certificate or Individual Entrepreneur extract before getting paid.

Other important notes:

• Deel is not accepting new clients from Russia
• Deel has launched a second IT entity for preferential employee taxation
• Deel does not support USD EOR employee contracts in Russia
• Deel is only be able to support payments in RUB for transactions within Russia
• Withdrawals to banks outside of Russia are still supported.

How To Locate And Complete The Documentation For Payouts

Section 1: Self-Employment

What is a Self-Employment Certificate (Справка о постановке на учет физического лица в качестве плательщика на профессиональный доход)?

The Self-Employment Certificate is a document required to certify an individual's self-employment status. In Russia, individuals who work as self-employed should provide this certificate to comply with legal requirements when concluding a contract with a customer. 

The certificate serves as proof of your self-employment status and is essential for conducting business transactions, including receiving payments. By submitting your Self-Employment Certificate during the method creation process, you demonstrate compliance with local regulations, enabling us to process your payouts smoothly and efficiently.

How do I obtain a Self-Employment Certificate as a contractor? 

To obtain the necessary documentation so your withdrawal can be processed, please follow these steps:

1. Access the "My Tax" App: Open the "My Tax" app on your mobile device. This app, known as "Мой Налог" in Russian, is commonly used by self-employed individuals in Russia.
2. Navigate to References: Within the app, locate “Other” (Прочее)  in the lower right corner,  click on the “References” (Справки) section. This section is typically found in the main menu or navigation bar.
3. Select Registration Reference: From the list of available references, choose the “Registration Reference” (Справка о постановке на учет) option. Next, the “Select year of formation” (выберите год) window will appear. This specific reference confirms your registration status as a self-employed individual.

By following these simple steps within the "My Tax" app, you can easily obtain the required documentation for adding your payment method and initiating withdrawals to Russia.

Section 2: Individual Entrepreneur 

What is a Individual Entrepreneur extract (Выписка из Единого государственного реестра индивидуальных предпринимателей)

To proceed with payouts as an Individual Entrepreneur, you'll need to submit additional documentation. 

One crucial document required is an extract from the Unified State Register of Individual Entrepreneurs (USRIE).

This extract serves as official confirmation of your registration as an individual entrepreneur and includes important details such as your name, registration number, and legal status.

How do I obtain an Extract from USRIE? 

To obtain the necessary extract from USRIE, please follow these four steps:

1. Access the USRIE Website: Visit the official website for USRIE at https://egrul.nalog.ru/index.html 
2. Enter Required Information: Provide the requested details, such as your INN, or name and other identifying information.
3. Request the Extract: Once you have entered the necessary information, submit your request to generate the extract from USRIE.
4. Download the Extract: Upon successful processing of your request, you can download the extract from USRIE, which will serve as the required documentation for facilitating payouts.

Other important notes:

There are no sanctions on employees or contractors located in Russia or Ukraine.

International sanctions on Russian banks are not affecting domestic payments to employees.

Deel is not accepting new clients from the Russian Federation at this time.

Frequently Asked Questions

Does Deel KYC and Sanction screen all of its Employees and Contractors?

Yes. Deel conducts a Know Your Customer (“KYC”) check and sanction screening check on all employees and contractors. Sanction screening is refreshed daily. You can learn more about our KYC screening process here

What is Deel doing to plan for potential future regulatory changes and sanctions?

Deel maintains a sophisticated network of payment methods in the region, which include local bank payments, international wire payments, wallet payments, and cryptocurrency payments. 

Deel is closely monitoring the situation and we are ready to act quickly to any further changes that arise. If certain payment methods are blocked, we will offer a parallel solution to pay employees and contractors.

Will Deel help with the migration of employees and contractors from the region?

Ukrainian EOR Employees: Deel is able to offer mobility support for Ukrainian EOR employees to relocate to the UAE and Romania.

Russian EOR Employees: Deel is able to offer mobility support for Russian EOR employees to relocate to the UAE.

Belarusian EOR Employees: Deel is able to offer mobility support for Belarusian EOR employees to relocate to the UAE and Armenia.

Employer Of Record relocations must follow our normal process.

Deel can generally support independent contractors in a country that is not considered an extreme risk. This means an individual (employee or contractor) can move to another country and we can still support them. 

Please note that immigration protocols must be followed, and Deel is unable to help with independent contractor immigration and mobility at this time (Freelance visas are suggested)

How often does Deel review its policies and procedures regarding Eastern Europe?

Deel is closely monitoring the situation in Russia and Ukraine, and we are constantly reviewing our protocols given new developments.

We will continue to update this important FAQ with all the updated information we have at hand.

You can always contact us with additional questions or concerns. Our agents are available 24/7 via our Live Chat.

We no longer allow withdrawals to the following banks:

Absolut Bank

Agrosoyuz Bank

Alfa Bank

Bank Belveb

Bank Dabrabyt

Bank Levoberezhny

Bank Morskoy

Bank of Moscow

Bank Otkritie

Bank Primorye

Bank Rossiya

Bank Saint-Petersburg

Bank Vvb

Bank Zenit

Belagroprombank

Belinvestbank

Central Bank of Russian Federation

Commercial Bank Lanta-Bank

Commercial Bank Metallurgical Investment Bank

Commercial Bank Novikombank

Credit Bank of Moscow

Credit Ural Bank

Credo Bank

Development Bank of the Republic of Belarus

Eximbank of Russia

Expobank Joint Stock Company

Gazprombank Group

Genbank

Globexbank

Industrial Savings Bank

Investcapitalbank

Joint-Stock Bank 'Morskoy'

Krajinvestbank

Mir Business Bank

Modulbank

Moscow Regional Bank

Mosoblbank

MTS Bank

North Credit Bank

Orient Express Bank

PJSC VTB Bank

Post Bank

Prom invest Bank

Promsvyaz Bank

Qiwi Bank

Rfc Bank

Rosgosstrakh Bank

Rossbank

Rublev Bank

Russian Bank for Small and Medium Enterprises Support

Russian National Commercial Bank

Sarovbusinessbank

Sberbank

SDM-Bank

Settlement Non-Bank Credit Organization (Metallurg)

Smp Bank

Sobinbank

Sovcombank

Subsidiary Bank - Sberbank of Russia Public Joint-Stock Company

Sviaz Bank Oao

Taatta Ab Zao

Tc Bank

Tinkoff Bank

Transkapitalbank

Ural Bank for Reconstruction and Development (UBRD)

URALSIB Bank

Verhnevolzhskiy' Cb Oao

Vietnam Russia Joint Venture Bank

Vnesheconombank

Vtb Bank Group

Important note regarding Raiffeisen Bank :

While not a sanctioned bank, Raiffeisen Bank recommends using other payment methods.

The bank is limiting the number of incoming payments in US dollars from other banks and increasing the commission for individual clients.

The commission for crediting transfers in US dollars from other banks to the accounts of individual customers, individual entrepreneurs, and legal entities will be 50% of the transfer amount, at least $1,000 US dollars, but not more than the amount received. 

The maximum commission amount will be $10,000 USD.

To set up a new Withdrawal method, head to your Account Settings and choose another option.