Open a branch office of a foreign company in Russia in 5 easy steps and have full access to Russian market and banks




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Branch office in Russia

Branches  office in Russia is essentially a form of presence on the Russian market, popular with medium and large foreign businesses. Turning to these branches and representative offices, Russian customers understand that they are contacting representatives of a well-known brand, whose reputation and reliability are well known. For a foreign company, the presence of a branch office in Russia clearly increases the efficiency when interacting with Russian and foreign clients working in the Russian Federation.

Branches and representative offices are essentially a form of presence on the Russian market, popular with medium and large foreign businesses. Turning to these branches and representative offices, Russian customers understand that they are contacting representatives of a well-known brand, whose reputation and reliability are well known. For a foreign company, the presence of a branch / representative office in Russia clearly increases the efficiency when interacting with Russian and foreign clients working in the Russian Federation.

Advantages to open a branch in Russia

Bank accounts in Russia

Branch of a foreign company in Russia can open accounts in Russian and foreign banks, enter into transactions with local and foreign companies. Russian banks or foreign banks present in Russia will welcome a legally established branch of a foreign company and will provide the full support in banking services under the standard tariffs.

Easy bank transfers with a parent company

Bank transfers between a parent company and a branch happens much easier than, for example, in the case of the transfer of funds between a Russian subsidiary and a foreign parent company. Because branch is considered as a whole with the parent company, but subsidiary is a separate unit.

0% dividend tax distribution

Foreign branch's profit earned after tax is not subject to tax. When dividends are paid out of subsidiary to participants from the profit remaining after tax, the dividends are taxed at the rates of 9 or 15%, unless otherwise provided by the agreement on avoidance of double taxation

Area of profit tax is only Russia

Branches registered in Russia pay taxes only for the incomes generated in the country of establishment - Russia. 

0% VAT for office lease

When an office is leased by a branch office of a foreign company in Russia, VAT is not included in the rent, in accordance with the Tax Code of the Russian Federation.

Double tax treaties

A branch office in Russia is protected by the provisions of the double taxation treaties signed by Russia with a large number of states.

Director of a branch office

If you want to enter the Russian market and conduct a fully-fledged business activity, then you may establish a presence in Russia by incorporating a Russian subsidiary. The most common legal forms for companies in Russia are the Limited Liability Company (LLC/ООО) and Joint Stock Company (JSC).

No VAT for office lease

When an office is leased by a branch / representative office in Russia, VAT is not included in the rent, in accordance with the Tax Code of the Russian Federation.

Construction site advantages

When registering a construction site with the Russian tax authorities, the branches do not pay advance payments on income tax and do not calculate the amount of income tax for the duration of the construction site (usually 12 months)

Issuing a work permit for employees

It is not required to apply for a work permit for foreign employees. Provided that: (1) such employees have been personally accredited by the accrediting body, (2) within the number agreed by the accrediting body, (3) the application of this procedure is possible only for foreign workers in countries in which a similar norm applies.

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Steps to open a branch of a foreign company in Russia

1. Preparation of documents for the parent company

2. Preparation of documents for a branch in Russia

3. Filling out an application for registration of a branch in Russia

4. Submission of documents to the Chamber of Commerce

5. Personal accreditation of the staff in the Chamber of Commerce

6. Submission of documents to the appropriate Inspectorate of the Federal Tax Service

7. Prepare the seal of a branch

8. Open a bank account

8. To register a branch of a foreign company in Russia in state funds.

FAQ

<p>Is there a difference between a branch of a foreign company and a representative office</p>

Is there a difference between a branch of a foreign company and a representative office

<p>What is better to create - a branch of a foreign company in Russia or a subsidiary?</p>

What is better to create - a branch of a foreign company in Russia or a subsidiary?

<p>What is the main regulatory framework for the accreditation of branches in Russia</p>

What is the main regulatory framework for the accreditation of branches in Russia

<p>What size of state duty is charged for accrediting a branch in Russia?</p>

What size of state duty is charged for accrediting a branch in Russia?

<p>What tax regime can a branch of a foreign company in Russia use?</p>

What tax regime can a branch of a foreign company in Russia use?

<p>What tax regime can a branch of a foreign company in Russia use?</p>

What tax regime can a branch of a foreign company in Russia use?

<p>What is the term accreditation of a branch of a foreign company in Russia?</p>

What is the term accreditation of a branch of a foreign company in Russia?

The advantages of doing business in Russia 

Apart from starting business in the largest and most beautiful country in the world, you will get.

A new market 

The Eurasian Economic Union provides freedom of movement of goods, as well as services. It is a market of around 186 million people.

Lower production costs

Russia has the most talented and educated personel in the world with relatively moderate wages.

Favorable tax regime

You can choose several tax regimes, including the one without VAT and strict accounting reports.

Bank accounts

The possibility of opening a bank account in more than 100 banks throughout the country and conduct stable payment operations in any currency.

A developing environment

Russia is a sovereign country that aspires to become the most technological and eco-friendly country. Today you have many opportunities.

Special Investment Contracts

The Russian Tax Code provides tax incentives to investors who undertake to set up a new, or modernise an existing production facility and comply with certain requirements.

Foreign investment law

The rights of foreign investors to conduct business in Russia cannot be less favourable than the rights of Russian investors.

Fair judicial system

While in the “fair” western world judicial decisions are taken to the benefit of political connotations, the Russian judicial system stands solely by the principles of the law.