Closing a representative office, branch
CLOSING OF A FOREIGN REPRESENTATIVE OFFICE (BRANCH) AS PART OF THE LIFE CYCLE OF THE COMPANY.
Unfortunately, for one reason or another, some companies go through a period of prosperity and have to resort to closing of their representative offices and branches in other countries. The procedure for the closing of representative offices (branches) of foreign companies in many respects is no less important and troublesome than the actual receipt of the primary accreditation. Read below about the peculiarities of the process of closing, and how to go through it as soon as possible in compliance with all local legislation norms.
Under Russian legislation, the accreditation of a foreign representative office (branch) may be terminated in 3 cases:
- termination of activities of foreign representative offices (branches) in Russia, based on the decision of a foreign company;
- termination of activities of the foreign organization;
- liquidation of a representative office (branch) by the decision of state authorities carrying out accreditation of foreign representative offices (branches).
The most common case of termination of activities of a representative office (branch) is closing by the decision of the foreign company. In this case, you must provide to the authorized tax authority a decision on closing of a representative office (branch) within 15 calendar days from the date of its adoption.
WHAT IS THE PROCESS OF CLOSING OF A REPRESENTATIVE OFFICE (BRANCH)?
The first step is the closing procedure of representative office (branch) in the tax office. After receiving a notice of deregistration with the tax authority the liquidation activities start in the Social Insurance Fund, the Pension Fund, and in the State Statistical Agencies. Only upon completion of all of the above procedures, a representative office (branch) is considered officially closed.
SAVE YOURSELF THE UNNECESSARY WORRY - ORDER THE CLOSING OF A FOREIGN REPRESENTATIVE OFFICE (BRANCH) TO ROSCO!
You can save your most important resource - time. The closing of a representative office or branch is quite a long process. But, addressing to RosCo, you do not have to constantly worry, go to the state authorities and monitor the closing procedure. Our specialists will undertake all these actions. By the way, about our specialists: we have staff members who speak English, Turkish and Chinese, which in some cases will greatly facilitate communication with the head office of the company.
One of the main principles of RosCo is to get the job done. It is also worth saying that even after the completion of the closing procedure of a representative office (branch), and there will be no representative of the company in Russia – we will assist in organizing the delivery of documents to anywhere in the world.
Closing of a foreign representative office (branch):
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 this issue to RosCo:
- Preparation of a set of documents for closing of a representative office (branch) within 3 days.
- Removal from the register to the tax office.
- Removal from the register of extra-budgetary funds.
- Removal from the register in the State Statistical Agencies.
- Information and legal support at all stages of closing, up to the completion.
(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