Steps to Establish a Branch in Russia

Lowlands Accounting Services Russia03 Apr, 2024Legal

Starting a branch in Russia can expand your business reach, but it requires registration with Russian authorities. To register a branch, you must follow certain procedures laid out by the Russian government. First, you need to choose a suitable location for your branch and ensure compliance with local regulations. Then, you'll need to gather necessary documents such as incorporation papers, proof of legal existence, and financial statements. Submit these documents to the Federal Tax Service or other relevant authorities along with the application for registration. Once approved, your branch will receive a registration certificate allowing it to legally operate in Russia. While the procedure may seem daunting, seeking assistance from legal experts like LowLands Accounting Services can streamline the process for foreigners. Remember to stay updated on any changes in regulations to ensure ongoing compliance and smooth operations.