Accreditation of a representative office (branch) of a foreign company in the Russian Federation
QUICK START OF FOREIGN BUSINESS IN RUSSIA WITHOUT BUREAUCRATIC DELAYS. ONLY 30 DAYS STARTING FROM APPLICATION TO ROSCO TO THE COMPLETION OF THE REGISTRATION PROCEDURE!
Entry into the Russian market is a very important step in the life of any foreign company, whether it is a world famous brand, or a local foreign firm. And the first thing you need to do to begin the conquest of new market is to give legal status of your company in Russia. What form of presence on the market to choose, how quickly to be accredited in the state authorities, and what you need for it - you will learn further.
A BRANCH OR A REPRESENTATIVE OFFICE?
Despite the identical procedure and the cost of the accreditation procedure, these two forms of legal presence of foreign companies in the Russian market have big differences between them. Thus, a representative office may carry out in the Russian Federation only the activities to represent the interests of the parent organization and its protection, while the branch may exercise the same business activities as the parent organization outside of the Russian Federation. Of course, provided that these activities do not contradict the legislation of the Russian Federation and is consistent with OKVED classifier. RosCo experienced specialists will necessarily inform you on any additional nuances of both representative offices and branches when you contact the company. And, most importantly, they will help you to determine the legal form of presence in the Russian market, which is most profitable for your company.
Regardless of what form of presence in the market has been selected, a branch or a representative office, the first step towards accreditation is to apply to the Chamber of Commerce and Industry of the Russian Federation. The information on the number of foreign citizens who are employees of representative offices (branches) is coordinated there. At the same time the registration fee is paid.
Further actions to obtain accreditation are directly related to the accreditation authority. From January 1, 2015, this function is transferred to the Federal Tax Service of Russia. So it is the instance where you will have to go through accreditation procedure when opening a representative office (branch). And there you will have to bear not only the time expenses on preparation and execution of documents, but also financial expenses. According to the Tax Code of the Russian Federation, the state duty in the amount of 120,000 rubles is charged for the accreditation of each representative office (branch).
It is also worth mentioning that the Russian legislation provides for obtaining the Certificate of making an entry in the state register of accredited representative offices and branches without limitation of the accreditation period. Thanks to this innovation, your organization in the future will no longer need to extend the accreditation as it was before 2015.
But the accreditation procedure does not end here. For the full functioning of the representative office (branch) it is necessary to get the statistical codes, as well as to be registered in the extra-budgetary funds.
For more information about accreditation and nuances of representative offices and branches of foreign companies in the Russian Federation, you may read the articles of our experts.
WHAT ARE THE BENEFITS OF ACCREDITATION OF A REPRESENTATIVE OFFICE (BRANCH) YOU GET WITH ROSCO?
Firstly, you save your time. RosCo experienced specialists will quickly bring you up to date, telling you the plans of future work and registration actions. You do not have to spend time to study legislation in this area. However, preparation of all necessary documents will be performed as soon as possible, and their submission to the state authorities will be made without any time delay.
Secondly, protection against certain financial risks. Did you know that in case of misfiled documents provision, state registration authority has the right to deny accreditation of a representative office (branch)? And it means the loss of the paid state duty in the amount of 120,000 rubles? Now you know it! But if you address with the issue to RosCo - the possibility of denial of obtaining accreditation is almost reduced to zero! Our specialists will carry out a thorough check of all the information on the company, delve into its structure and arrangement for competent execution of documents, in order to avoid denial by the public authorities.
Third, the guarantee of quality work. In the event of changes in the legislation on the accreditation procedure of representative offices (branches), you will be immediately informed thereof in order to obtain the updated forms of registration certificates. Also, RosCo specialists will prepare a translation of the necessary documents, eliminating the possibility of errors and defects. After all, even the smallest mistake in one letter or punctuation mark plays an important role in the consideration and examination of the documents by public authorities. The matter of opening of a bank account will not be neglected. Thanks to the close cooperation of RosCo with the leading banks, we will promptly respond to banking requirements and solve the problem with the documents required to open an account.
Accreditation of a foreign representative office (branch)
Verification of the number of foreign employees in the Russian Chamber of Commerce and Industry
* State duty and registration fee in all instances shall be paid additionally.
Remember! During the time that we save for you, you will earn a lot more money than is required to pay for our services.
WHAT DO YOU GET ADDRESSING ON THE MATTER OF ACCREDITATION OF REPRESENTATIVE OFFICE (BRANCH) TO ROSCO:
- Detailed advice on the choice of the legal form of doing business in Russia: a branch, representative office, registration of a construction site or opening of a LLC with foreign investment.
- Competent execution of the established sets of documents, in accordance with all the requirements of state agencies that virtually eliminates the possibility of denied accreditation.
- Lot of time saved on the submission of documents in all the state authorities, the receipt of notifications of non-budgetary funds and updated statistical codes - all this will be made by RosCo experienced specialists.
- New seal.
- The entire procedure of opening (accreditation) of representative office (branch), according to all the norms of applicable legislation just in 30 days.
(Certificate No 1809 dated 28.12.2009)
(Certificate No 78)
(Russian Society of Evaluators)
of Commerce and Industry
(Certificate No 123-973 dated 21.12.2009)
Partnership of Turkish Entrepreneurs (RTIB)
is included in the register of reliable enterprises of Moscow