The operation of a branch or representative office of a foreign company always faces a number of
difficulties. It is necessary to navigate in the Russian legal system, to know the specifics of
interaction
with supervisory authorities.
In addition, the procedure and form of accounting and reporting are legally
established. And they have their own features. Therefore, competent accounting support for foreign
representative offices and branches in Moscow is a demanded service.
Accounting of branches and representative offices
Accounting of a foreign branch or representative office includes the same aspects as the accounting of any
company registered in Russia. In addition there is internal reporting established by the parent company: in
a foreign language and taking into account the legal framework of the country in which the central office is
located.
There are also taxation features that must be taken into account in order to avoid problems. In this
situation, the cost of accounting support for foreign representative offices and branches by specialized
professionals is worthwhile. And in most cases, this service significantly reduces the costs of the
company.
Accounting support of foreign representative offices and branches by «RosCo»
RosCo's a team of professionals who have extensive work experience with foreign organizations that
conduct business in Russia. We perform accounting support of foreign representative offices and branches
in Moscow, trying to offer to each client optimal conditions of cooperation.
Why in most cases
is it advantageous to entrust accounting of a branch or representative office to specialized
professionals?
It's simple: The features of working with foreign companies require knowledge of the Russian legislation
and the legislation of the country in which the head office is located, as well as the knowledge of a
foreign language at a high level to ensure full communication with the client and the ability to
promptly provide him with detailed information in an accessible manner. Not every accountant meets all
these requirements, it is not easy to find such a specialist, and he/she will have to pay accordingly.
Complex accounting support for foreign representative offices and branches, the cost of which is lower,
allows you to receive the necessary services at a lower cost.
Accounting of branches and representative offices
Accounting of a foreign branch or representative office includes the same aspects as the accounting of any
company registered in Russia. In addition there is internal reporting established by the parent company: in
a foreign language and taking into account the legal framework of the country in which the central office is
located.
There are also taxation features that must be taken into account in order to avoid problems. In this
situation, the cost of accounting support for foreign representative offices and branches by specialized
professionals is worthwhile. And in most cases, this service significantly reduces the costs of the
company.
«RosCo» ffers:
Full accounting of the branch or representative office, including accrual of salaries, accounting of
costs and income, preparation of financial statements, including those for the parent company.
Personnel records management.
Drawing and submission of tax reports, as well as reporting to non-budgetary funds.
Multilingual staff of specialists, including English, Turkish and Chinese.
The price for accounting support of foreign representative offices and branches by
«RosCo» ill depend on the volume of services provided
We work under the comfortable for the client conditions, offering both full-service
support and one-time services as required.
More information about our offer you can find out from «RosCo» pecialists by phone or through an online consultant on our website.
DOING BUSINESS IN RUSSIA
Which foreigners can remotely open an account with Russian banks?
Our services: https://rosco.com.ru/registration_services/opening_bank_account/
Daria Patapkina, lawyer of the company «Rosco - Consulting and Audit», answered these questions.
How can a foreign client remotely open an account in a Russian bank?
What is the purpose of approving the list of countries for customer identification?
Which countries will be involved in the identification procedure?
What should banks do to implement the new account opening mechanism?
The Russian Government has recently approved a list of countries whose banks can remotely identify citizens and companies to open accounts in Russian banks.
And in the video you will find out what was the reason for this decision? How does a foreigner open an account in a Russian bank remotely? What difficulties may arise in practice? We will tell you about everything, so don't switch!
All the most interesting things about taxes, law and accounting from the leading consulting company in Russia "RosCo".
WhatsApp: +7( 929) 197-25-50
Tel: +7(499) 444-00-00
sale@rosco.su
https://rosco.su/
More information in the playlist
https://www.youtube.com/playlist?list=PLsb6UHPckO4uKsaMbHnxTf_buFGNbVG70
Stay up to date with the latest news, watch and read us where it is convenient for you:
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How to apply for an e-visa to Russia for foreign citizens: instruction
Our services: https://rosco.su/registracionnye-uslugi/bankovskiy-schet/
01:02 Why did they decide to issue e-visas to foreigners?
02:25 Who can get an e-visa and for what period?
Daria Patapkina, lawyer of the company «Rosco - Consulting and Audit», answered these questions.
According to FSB statistics, the number of foreigners entering increased by 17.5 per cent over the first quarter of 2023 to just over 3 million entries compared.
That’s why, a system for issuing electronic visas to foreign nationals has been launched throughout Russia, acting for convenience and to save time. We will tell you about all the nuances of obtaining an e-visa in our new video. Don't switch!
Be sure to watch to the end and support our work with a LIKE!!!
Read: https://rosco.su/press/otkrytie-inostrannoy-kompaniey-scheta-v-rossiyskom-banke-instruktsiya/
All the most interesting things about taxes, law and accounting from the leading consulting company in Russia "RosCo".
WhatsApp: +7( 929) 197-25-50
Tel: +7(499) 444-00-00
sale@rosco.su
https://rosco.su/
More information in the playlist
https://www.youtube.com/playlist?list=PLsb6UHPckO4uKsaMbHnxTf_buFGNbVG70
Stay up to date with the latest news, watch and read us where it is convenient for you:
Telegram - https://t.me/roscoaudit
Instagram - https://www.instagram.com/rosco_consulting/
VK - https://vk.com/roscoaudit
Facebook - https://www.facebook.com/roscoaudit/
YandexZen - https://zen.yandex.ru/roscoaudit
Opening bank account for foreign company: instruction
Our services: https://rosco.su/registracionnye-uslugi/bankovskiy-schet/
01:16 - What does a foreign company need to do before opening a bank account?
06:10 - How can a foreign company open an account in a Russian bank?
06:34 - What benefits can foreigners expect when opening an account?
Daria Patapkina, lawyer of the company «Rosco - Consulting and Audit», answered these questions.
Companies that are non-residents of the Russian Federation have the right to open bank accounts and place bank deposits in foreign currency and rubles in Russian banks. In this video we tell you how to do this.
Regardless of the purpose of opening a current account, foreign companies must first register with the tax office and obtain a Taxpayer Identification Number (TIN). Without the original registration certificate, no bank will open a current account for a foreign company.
After this, the company has 2 ways to register with the tax office: independently, or with the involvement of professional companies or through a bank.
In addition, in order for a foreign company to open an account, it is necessary to collect many different documents. They were described in more detail in the video.
Also, to facilitate the opening of accounts, the President of the Russian Federation signed a Law that comes into force on July 21, 2023. When opening accounts, foreigners or their representatives do not need to be present in person if they have passed identification. Identification is carried out by a foreign bank on the basis of an order issued by a Russian bank. The list of countries whose residents will be able to undergo remote identification will be approved by the Government of the Russian Federation.
Be sure to watch to the end and support our work with a LIKE!!!
Read: https://rosco.su/press/otkrytie-inostrannoy-kompaniey-scheta-v-rossiyskom-banke-instruktsiya/
All the most interesting things about taxes, law and accounting from the leading consulting company in Russia "RosCo".
WhatsApp: +7( 929) 197-25-50
Tel: +7(499) 444-00-00
sale@rosco.su
https://rosco.su/
More information in the playlist
https://www.youtube.com/playlist?list=PLsb6UHPckO4uKsaMbHnxTf_buFGNbVG70
Stay up to date with the latest news, watch and read us where it is convenient for you:
Telegram - https://t.me/roscoaudit
Instagram - https://www.instagram.com/rosco_consulting/
VK - https://vk.com/roscoaudit
Facebook - https://www.facebook.com/roscoaudit/
YandexZen - https://zen.yandex.ru/roscoaudit
