Liquidation (closing) of representative offices and branches of foreign organizations

Unfortunately, sometimes there are situations when companies go through a period of growth and are forced to stop the activities of their offices or branches in other countries.

Closure of a representative office (branch) of a foreign company is in many ways no less important and troublesome procedure than getting a primary accreditation.

Then - about the specifics of the closing process and how to pass it in the minimum period in compliance with all the rules of the law.

Legislation of Russia provides for 3 cases, upon the occurrence of which the representative office (branch) of a foreign company is closed:

  • the foreign company itself decided to complete its activities in Russia;
  • parent foreign company went out of business;
  • state bodies responsible for accreditation eliminated the branch (representative office) by force.

In any case, the procedure for liquidating a foreign branch involves processing and filing a package of documents, visits to institutions and waiting in lines. Company 'RosСo' offers services for the closure of branches in Moscow.

During the years of successful work, we have accumulated a solid experience in passing the procedure, and our employees are perfectly aware of the current requirements for drafting of documents.

Save yourself from unnecessary worries, charge with the closing of a foreign representative office (branch) the company «RosCo»!

  • The closure of a foreign office, the cost of which is minimal at «RosCo», begins with a request to the tax inspectorate.
  • As soon as the tax inspection has given you a notice of de-registration, liquidation actions in the Social Insurance Fund, the Pension Fund, as well as in the State Statistics Authorities begin.

And only after completing all the above procedures, the representation (branch) is officially closed.

Cooperating with our company, you will save your most important resource - time. Closure of a representative office (branch) of a foreign company is a rather lengthy process. But, with «RosCo», you don't have to constantly worry, to go to state authorities and follow the procedure closure. All this will be taken care of by our specialists.

By the way, about our specialists: The staff is staffed with English, Turkish and Chinese languages, that in some cases will greatly facilitate communication with the head office of the company. For the closure of a foreign branch, the price pays off with saved time and nerve cells, as well as the speed of work of our specialists.

One of the main principles of the company «RosCo» is to bring the business to the end. It is also worth mentioning that even after the procedure for closing the representative office (branch) will be fully implemented and there will not be any representatives of the company in Russia - we will assist in the organization of delivery of documents to anywhere in the world.

Remember!
For the time saved by us, you will earn much more money than you will spend to pay for our services.

What you get by contacting «RosCo» on this matter:

  • execution of a set of documents for the closure of a representative office (branch) within 3 days;
  • removal from the register in the tax service;
  • removal from the register in off-budget funds;
  • removal from the register in the State Statistics Authorities;
  • information and legal support at all stages of the closure, until its end.

Liquidation of representative offices and branches of foreign organizations is one of the key directions of our activity. «RosCo» employees know about all the nuances and stages of the procedure.

The law stipulates that liquidation of a representative office or branch should consistently include:

  • decision-making by the shareholders meeting with its documentary fixation on liquidation of representative offices (branches);
  • notification of the whole state about the closure of the unit - the time limit for this is not more than 2 months before the actual layoffs;
  • registration of staff reductions/transfers in connection with the liquidation of representative offices and branches of foreign organizations with payment of compensation;
  • notification of domestic authorities;
  • closing of accounts;
  • notification of tax services that the liquidation of representative offices (branches);
  • removal from extrabudgetary account.

The closure (liquidation) of the foreign company is completed by the destruction of seals/stamps.The average term of the procedure as a whole is six months.

Which foreigners can remotely open an account with Russian banks?
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: 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
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