• Accreditation of a Branch of Foreign Company in Russia

Federal Law About Foreign Investments in the Russian Federation stipulates: a foreign legal entity’s branch set up on the territory of the Russian Federation performs a part of the functions or all of the functions of a permanent establishment on behalf of the foreign legal entity that has set it up (hereinafter referred to as head organization) on condition that the aims of the formation and activity of the head organization are of a commercial nature and the head organization is directly liable for the obligations it has assumed in connection with the pursuance of the said activity on the territory of the Russian Federation.

 

The following fees and duties shall be paid for the initial accreditation of a branch:

Period of accreditation

Fees (in USD)

1 year

500

2 years

1 000

3 years

1 500

5 years

2 000

In addition to the accreditation fee it shall be paid the state fee in the amount of USD 120 000.


List of documents required for accreditation of a branch in Russia:

 

  • Foreign company certificate of registration or extract from trade (bank) register (document is valid for 6 months from the issue date);

  • Foreign company charter (if legislation of the foreign company state of registration does not provide for the company charter, provide the document confirming this provision, issued by the authorized body of the country of registration);

  • Decision of the foreign legal entity about opening (accreditation) of a representation in Russian Federation in the city of Moscow, approval of the provision on representation and appointment of the representation director;

  • Letter of recommendation from the bank servicing the foreign legal entity in the country of registration confirming ability to pay debt (document is valid for 6 months from the issue date). Letter shall include the bank stamp or signature of the bank employee shall be notarized;

  • Unlimited transferable power of attorney authorizing the head of representation of the foreign legal entity (including the right to sign and approve a provision on representation, on appointment of the representation director, etc.);

  • Document on registration of the foreign legal entity with the tax authorities of the country (certificate from the tax authority of the foreign country in an arbitrary form about registration of the foreign company as a taxpayer in the country of incorporation, including the taxpayer code (or its equivalent);

  • Document confirming representation address (notarized copy of the certificate of proprietorship, letter of guarantee or lease agreement) (if not available – provided against a separate agreement).

Foreign documents are submitted only with the original marks of consular certification (apostille), together with Russian translation certified in Russian consulate. Responsibility for conformity of submitted document to requirements lies with the party that provided the documents .

 

Registration period – from 25 days.

Prices

29 700 rubles (990 USD), includes:

- documents drafting;
- documents submission;
- obtaining certificates;
- registration with Federal tax inspectorate;
- stamp manufacturing;
- obtaining statistics codes;
- receiving notices from Pension Fund, Social Insurance Fund, Compulsory Medical Insurance Fund.

Additional expenses:
- legal address;
- translation of documents and notarization.

Registration period - 25-45 days.

Contact information

Telephon/fax:
+7 (495) 504-12-15; +7 (495) 626-05-31

E-mail: info@hermansmith.ru

Address:
21/5 Kuznetsky most str.,
107996, Moscow, Russia