What type of activity can be carried out by a foreign company in Russia?
To carry out the activity within the territory of the Russian Federation the foreign company must be registered. The registration form depends on choice of its members which is directly specified with the purpose of the activity. Thus the foreign company has the right to be the founder of the legal person of any legal form of organization and also to accredit its branch or representative office.
The limited liability company established by the foreign members shall be a Russian organization – a legal entity formed in accordance with the laws of the Russian Federation and has the status of commercial organization with foreign investments. This legal entity shall be submitted to Russian laws.
State control for setting up, activity and liquidation of the branch of the foreign legal entity is carried out by means of its accreditation by State Registration Chamber under the Ministry of Justice of the Russian Federation. The branch of the foreign legal entity has the right to carry out entrepreneurial activity within the territory of the Russian Federation from the date of its accreditation.
The representative office unlike the branch has more restricted functions. It is lodged with powers only to represent interests of the legal entity and protect them.
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