ENTRUST YOUR BUSINESS
TO PROFESSINALS
SERVICES

“RosCo” company lawyers won the case against tax authorities and confirmed the Company’s right for the legal name RosСo

As it is established by court and follows from the case materials, on 10.08.2012 LLC Bilancho submitted to the Interregional Inspectorate of the Federal Tax Service No 46 for the city of Moscow the documents for state registration of alterations to be made in foundation documents. The alterations concerned the change of the applicant’s name from LLC Bilancho to limited liability company RosСo-Bilancho (abbreviated name LLC RosСo).

On 17.08.2012 the Interregional Inspectorate of the Federal Tax Service No 46 for the city of Moscow made a decision to deny public registration (Form Р50001) on the basis of the applicant not following the procedure for approval for issues of changes in legal entity – a permission had not been obtained from the government of Russian Federation to use the words  “Rossiya (Russia)”, “Rossiyskaya Federaciya (Russian Federation)” and words and word groups based on them within the name of an organization, and also because of lack of the document confirming the payment of state duty for the right of using the name “Russia”, “Russian Federation”.

Considering that this decision did not meet the requirements of the law on registration of legal entities, LLC Bilancho petitioned the arbitration court to declare the aforementioned non-normative legal act invalid.

“Rossiya”, “Rossiyskaya Federaciya” and the words and word groups based on those.

As the company pointed out, the word RosCo does not have the same radical as the words “Rossiya”, “Rossiyskaya Federaciya”, since the former’s radical is ‘rosco’, and the latter’s is ‘ross’. The word “RosCo” has a radical composed from two syllables, ‘ros’ and ‘ko’. Russian language does not have a separate word ‘ko’, so it would not be correct to view the word RosCo as a formative noun based on the name “Rossiya” or “Rossiyskaya Federaciya”.

Also, the word RosCo is not unambiguously associated with the name “Rossiya”, since the Russian language has many words containing a part of the “ros” radical, for example, ‘roskosh’ (luxury), ‘rosa’ (dew), ‘rostok’ (sprout).

The court of the first instance agreed with this position, and the court of appeal supported it.

See the text of the judicial decision in its full version.

General information about the SME Register
General information about the SME Register
May a company, which the foreign companies are members to, be entered into the SME Register (the register of small and medium-sized enterprises) and on what conditions? Today we’ll discuss that in this video. First of all, it should be noted that the SME Register is organized by tax authorities, and a list of companies entered into the register may be found on the official website of the Federal Tax Service: https://ofd.nalog.ru. Small and medium-sized enterprises include companies and individual entrepreneurs that meet certain restrictions on the structure of the authorized capital and also if: - the average staff number is not more than 100 persons and income is not more than 800 million rubles (for small enterprises); - the average staff number is no more than 250 persons and income is no more than 2 billion rubles (for medium-sized enterprises). On December 1, 2018, the amendments made to Law No 209-FZ were entered into force. The point is that Russian companies with a share of foreign capital exceeding 49% may also obtain SME status if the company’s foreign members: - gained an income from their business activities not exceeding 2 billion rubles during the previous calendar year; - had the average staff number not exceeding 250 persons during the previous calendar year; - a state of permanent residence of foreign member of the Russian company shall not be the Offshore areas*(a list of offshore areas is established by the Ministry of Finance). If the share of foreign members in the Russian company does not exceed 49%, then such a requirement is not imposed for the purpose of designating as SME. What is a purpose of the register? A company may rely on a number of privileges if it is entered into the SME Register. Among them are: - Ensuring the implementation of “supervisory holidays” for SME; - Special tax regimes - Simplified tax and accounting rules - Simplified forms of accounting and statistical reporting, tax returns for individual taxes and fees; - Simplified procedure for conducting cash transactions; SMEs may not set a cash limit. - Privileged payment procedure for state and municipal property privatized by small and medium enterprises. During the coronavirus pandemic, the importance of entering the company into the SME Registry increased For example, in order to receive a subsidy for the salary with the Statutory Minimum Wage Index equal to 1, a company (among other requirements) must be entered into the SME Register. The so-called “credit holidays” apply to companies that are performing their activities in sectors most affected by coronavirus and are also entered into the SME Register. RosCo – entrust your business to professionals! YouTube - https://www.youtube.com/c/RosCoConsul... Facebook - https://www.facebook.com/roscoaudit/ ЯндексДзен - https://zen.yandex.ru/id/5b84df3fa459... Instagram - https://www.instagram.com/rosco_consu... https://rosco.su/
What do you need for accreditation of a foreign representative office? (part2)
Opening their branches in Russia, many of foreign companies prepare the necessary documents on their own. They often get a denial of accreditation because of the finer points. To avoid such troubles, you should take into account not only the requirements of the Order of the Federal Tax Service on accreditation of branches and representative offices, but also the general principles for preparing documents. See more in our video. 1. Data check 2. Legalization of a document 3. Translation of documents 4. Application for accreditation RosCo – entrust your business to professionals! YouTube - https://www.youtube.com/c/RosCoConsul... Facebook - https://www.facebook.com/roscoaudit/ ЯндексДзен - https://zen.yandex.ru/id/5b84df3fa459... Instagram - https://www.instagram.com/rosco_consu... https://rosco.su/
What do you need for accreditation of a foreign representative office?
Opening their branches in Russia, many of foreign companies prepare the necessary documents on their own. They often get a denial of accreditation because of the finer points. To avoid such troubles, you should take into account not only the requirements of the Order of the Federal Tax Service on accreditation of branches and representative offices, but also the general principles for preparing documents. See more in our video. 1.Originals or copies 2.Where can you get the document 3.Terms of issue RosCo – entrust your business to professionals! YouTube - https://www.youtube.com/c/RosCoConsul... Facebook - https://www.facebook.com/roscoaudit/ ЯндексДзен - https://zen.yandex.ru/id/5b84df3fa459... Instagram - https://www.instagram.com/rosco_consu... https://rosco.su/
Date of foundation
company «ROSCO»
2004
Membership in professional organizations:
SRO NP «Audit Chamber of Russia»
(Certificate No 1809 dated 28.12.2009)
Chamber of Tax
Consultants
(Certificate No 78)
NP «Partnership of RSE»
(Russian Society of Evaluators)
Membership in public association:
Moscow Chamber
of Commerce and Industry
(Certificate No 123-973 dated 21.12.2009)
Non-Profit
Partnership of Turkish Entrepreneurs (RTIB)
Ratings:
A++1+++1++[%]
(as per the results of 2009 -
А++1+++1+[%])
Company
is included in the register of reliable enterprises of Moscow
Certificates of conformity:
Certificate of conformity to the requirements of GOST R ISO 9001-2008 (ISO 9001:2008)
Professional
liability
is insured