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Foreign representations auditing

In the context of economy globalisation and in a bid to enter international markets companies expand their activities outside the boundaries of the country.

Like the principal company, foreign representations need professional auditing. Its purpose is an analysis of the current state of the structural unit (whole or broken down in separate areas of work activities, such as accounting, taxes, managerial tasks, due diligence, identifying violations, preparing recommendations for their elimination and prevention in the future.

Auditing by «RosCo» employees

In addition to internal audits conducted by the parent company, there are external audits. It is advisable to place an order for auditing branches and representations of foreign companies, carrying out their activities in any areas, in «RosCo». The company offers a package of services on a turnkey basis or for separate business directions.

Our experts will check the fairness of accounting, correctness of records keeping, legality of conducted business activities, evaluate viability of foreign company representation.

These actions may be required during preparation for regulatory authorities checks or in the process of current business activities with the purpose of improvement of its effectiveness, early identification of errors and their prevention in the future.

Branches and representations audit includes:

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Legal analysis of processes to determine whether they comply to the legislation;
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Checking calculations of employees payments and their compliance with the norms of the labor legislation;
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Working with accounting documentation in terms of its correct preparation;
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Tax deductions applicability confirmation, accuracy of tax status determination and rates application.

During the audit of foreign representations it is possible to assess their viability, exclude dual taxation (in case there are acting agreements between the countries) and so on.

«RosCo» experts perform all actions with minimal engagement of company employees. Foreign representation personnel can focus on specialized tasks solution and, what is most important, get valuable recommendations concerning effective development of further activities.

Advantages of cooperation

Audit is conducted by specialists who have many years of experience, faultless knowledge of the Russian and foreign legislation, including International Financial Reporting Standards.

«RosCo» is included in the list of '100 best enterprises and organizations of Russia', it is a member of many professional organizations and is present on the market since 2004.

We guarantee:

  • high effectiveness of auditing branches and representations in cases when it is necessary to prepare urgently for upcoming checks;
  • high level of service;
  • competitive prices for the services;
  • basic and comprehensive auditing branches and representations taking into account specific characteristics of their activities;
  • full compliance with the legislation;
  • commitment to enhancement of activity efficiency;
  • accompanying and professional support in key activities directions of the company and its branches, whether bookkeeping, reports preparation, tax base optimization or jurisprudence.
What is an Apostille?
What is an Apostille?
Apostille is a seal certifying the authenticity of a document, as well as confirming the fact that it was received under the laws of the country that issued it. This seal is necessary for those traveling abroad, as a confirmation of the validity of their documents. Moreover, it is recognized only among one hundred thirty five signatory countries, including Russia. An important nuance: the document can be apostilled only in the country that issued its original. 1. Where it is not required. 2. What documents needs the apostle certify:.. 3. Types of apostille. 4. What an apostille should contain:... 5. In the Russian Federation, documents are apostilled in such state structures as:... 6. When legalizing, it is necessary to take into account the requirements of a foreign state for a translation, namely, what kind of translation may be required:.. RosCo – entrust your business to professionals! Будь в курсе последних новостей, смотри и читай нас там, где тебе удобно: Канал на YouTube - https://www.youtube.com/c/RosCoConsultingaudit/ Facebook - https://www.facebook.com/roscoaudit/ ЯндексДзен - https://zen.yandex.ru/roscoaudit Instagram - https://www.instagram.com/rosco_consulting/ https://rosco.su/
Registration of LLC with foreign capital
According to Western experts, Russia is becoming an increasingly attractive country for investment and business. Moreover, Russian legislation does not prohibit tax non-residents from registering their companies here. Plus, both types of entities, as individuals and legal persons. An important nuance: regardless of who is the founder (Russian or foreigner), the activities of any limited liability company (LLC) are carried out strictly on the territory of the Russian Federation and following its laws. That is, the company will be considered Russian. 1. Why do you need registration and when you do not need it? 2. What options for the existence of a foreign company are possible on the territory of the Russian Federation? 3. Subsidiary company (Limited Liability Company, Joint - Stock Company) 4. Representative office 5. Branch office Будь в курсе последних новостей, смотри и читай нас там, где тебе удобно: Канал на YouTube - https://www.youtube.com/c/RosCoConsultingaudit/ Facebook - https://www.facebook.com/roscoaudit/ ЯндексДзен - https://zen.yandex.ru/roscoaudit Instagram - https://www.instagram.com/rosco_consulting/ https://rosco.su/
How to enter into the SME Register?
Entering into the SME Register and exclusion of information about a Russian organization with a share of foreign companies in the authorized capital exceeding 49% are performed on a yearly basis from July 1 to July 5 (inclusive). Who shall provide the data on such companies to tax authorities for subsequent entering into the SME Register? The sources of such information for maintaining a unified register of SMEs are audit companies. For this purpose, the Russian audit companies shall give a conclusion confirming compliance of the foreign member of the Russian company with the criteria for obtaining SME status. Thus, if a Russian company having a foreign member is interested in getting into the SME Register, first of all it should initiate an audit of compliance with the requirements for small and medium-sized enterprises. The procedure for interaction between the Russian audit company and the customer company is explained by the Ministry of Finance. At the initiative of the LLC, a Russian audit company renders a service that involves confirmation of compliance of LLC members being foreign companies with the above criteria for SMEs; Confirmation shall be arranged on an annual basis. For this purpose, the audit company compares the data on the amount of income for the year and the average staff number of a foreign company with the criteria specified in the law. For making such comparison, the LLC shall submit to the auditor the statements of a foreign company for the corresponding year filed to the tax authority of the country where this company is established. According to the results of the audit, the audit company independently submits information to the tax service about the Russian company having a foreign member for entering into the SME Register. The data are summarized in the form of a file signed by an enhanced qualified digital signature of the audit company through the official website of the Federal Tax Service. The information may also be entered manually on the website of the Federal Tax Service after authorization of the information provider. Будь в курсе последних новостей, смотри и читай нас там, где тебе удобно: Канал на YouTube - https://www.youtube.com/c/RosCoConsultingaudit/ Facebook - https://www.facebook.com/roscoaudit/ ЯндексДзен - https://zen.yandex.ru/roscoaudit Instagram - https://www.instagram.com/rosco_consulting/ https://rosco.su/
«RosCo - Consulting and audit»
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