What is the procedure of opening a foreign company representation in Russia?
Foundation of foreign company branch and representation consists of several stages, such as:
- Accreditation of the branch or representation in the registration chamber under the Ministry of Justice of Russia;
- Registration of the branch or representation with tax authorities;
- Registration of the branch or representation in Social and Health Insurance funds and Pension fund of the Russian Federation;
- Opening of bank account is executed additionally at the branch opening for cash settlement realization. Besides, accreditation of employees is executed in necessary cases at the branch or representation opening.
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