About us Licenses Recommendations Clients News Contact

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.

Auditing of foreign representations
Auditing of foreign representations
Like any Russian business, a representative office of a foreign company needs a professional look at the generated accounting (financial) statements. What should be taken into account when conducting an audit of foreign representative offices? You’ll find out from our new video. Should a foreign representative office keep records in Russia? Is it obligatory to audit foreign representative offices? What nuances should be taken into account when conducting an audit of foreign representative offices? These questions were answered by Ksenia Yasnova, a public relations specialist at the company "RosCo - Consulting and Audit". Interesting videos: Closing of a foreign representative office or branch in Russia https://youtu.be/lGvHah7ns9s Foreign business: 5 ways to work in Russia https://youtu.be/03QHLbYi4Gw All the most interesting about tax, law and accounting from the leading Russian consulting company "RosCo". Keep in touch with the latest news, watch and read us where you want: YouTube - https://www.youtube.com/c/RosCoConsultingaudit/ Facebook - https://www.facebook.com/roscoaudit/ Yandex.zen - https://zen.yandex.ru/roscoaudit Instagram - https://www.instagram.com/rosco_consulting/ VK - https://vk.com/roscoaudit Website - https://rosco.su/
Foreign business: 5 ways to work in Russia
Foreign citizens and companies can do business in Russia. What legal form of doing business is preferable? You’ll find out from our new video Many foreigners work in Russia. Depending on the characteristics of the business, it can be arranged in different ways. Today, there are 5 ways for foreigners to work in Russia. Method 1 - creation of an LLC by a foreigner Method 2 - acquisition by a foreigner of a share in an LLC 3rd method - creation of a branch or representative office of a foreign company 4th way - Individual Entrepreneur registration 5th way - work through a Russian distributor These points were mentioned by Ksenia Yasnova, a public relations specialist at the company "RosCo - Consulting and Audit". All the most interesting about tax, law and accounting from the leading Russian consulting company "RosCo". Keep in touch with the latest news, watch and read us where you want: YouTube - https://www.youtube.com/c/RosCoConsultingaudit/ Facebook - https://www.facebook.com/roscoaudit/ Yandex.zen - https://zen.yandex.ru/roscoaudit Instagram - https://www.instagram.com/rosco_consulting/ VK - https://vk.com/roscoaudit Website - https://rosco.su/
Closing of a foreign representative office or branch in Russia
The reasons for closing a foreign representative office or branch may be different. What documents and where should be submitted to close a representative office or branch of a foreign company? Stay with us and we'll tell you. 00:49 For what reason can a foreign representative office or branch be closed? 01:55 What should be done before closing? 02:48 What documents are required? 04:55 Should a tax audit be expected when closing a branch or representative office? These questions were answered by Ksenia Yasnova, a public relations specialist at the company "RosCo - Consulting and Audit". All the most interesting about tax, law and accounting from the leading Russian consulting company "RosCo". Keep in touch with the latest news, watch and read us where you want: YouTube - https://www.youtube.com/c/RosCoConsultingaudit/ Facebook - https://www.facebook.com/roscoaudit/ Yandex.zen - https://zen.yandex.ru/roscoaudit Instagram - https://www.instagram.com/rosco_consulting/ VK - https://vk.com/roscoaudit Website - https://rosco.su/
Order service
* - required for filling