Liquidation of the branch / representative office of a foreign legal entity in Russia and its de-registration

Liquidation of branch / representative office

Law Firm “PRIORITET” performs legal services on liquidation of the branch / representative office of a foreign legal entity in Russia and its de-registration with the state authorities.

 

Our services shall include the following:

1. Preparation of the set of documents in accordance with the legislation of the Russian Federation;
2. Notification of the State Registration Chamber concerning the liquidation of the branch / representative office of a foreign legal entity in Russia and obtaining the letter on de-registration;
3. Notification of the tax authorities concerning the liquidation of the branch / representative office of a foreign legal entity in Russia, supporting the tax de-registration process and obtaining the letter on de-registration (tax authorities shall have the right to perform a tax audit of the activities and reporting of the branch / representative office in connection with its liquidation);
4. Closure of bank accounts opened for the branch / representative office;
5. Notification of the state statistics authorities (Rosstat), the Social Insurance Fund, the Fund of the Obligatory Medicals Insurance and the Pension Fund concerning the liquidation of the branch / representative office and obtaining the letters on de-registration (officials of the statistics authorities and social funds shall have the right to perform an audit of the activities and reporting of the branch / representative office in connection with its liquidation);
6. Termination of the seal of the branch / representative office.

 

Expenses related to the liquidation of the branch / representative office:

(1) Our fees for the legal assistance in the liquidation and de-registration of the branch / representative office is RUB 30 000 (approx USD 1000).  

(2) Fee for the completion of the Reconciliation Checklist with the tax authorities is RUB 15 000 (approx USD 500).

(3) Expenses for the notary certification of the documents and their translation into Russian shall not exceed RUB 10 000 (approx USD 350).

 

Timing : 2-3 months (depending on the time of the tax audit)

 

List of documents required for the liquidation / de-registration of the branch / representative office:

 

No.	Document	To be provided by
1 .	Decision of the Board of Directors (of another Management body of the Company) on Branch or Representative office liquidation	Company on the basis of a draft to be prepared by Provider
2 .	Original Accreditation Certificate issued by the State Registration Chamber to the Branch or Representative office and Permission issued to the Representative office	Company
3.	Original tax registration certificate issued by the Russian tax authorities on the Branch or Representative office registration	Company
4.	Original registration certificates and notices issued by the state statistics authorities (Rosstat), the Social Insurance Fund,  the Fund of the Obligatory Medicals Insurance and the Pension Fund on registration of the Branch / Representative office	Company
5 .	Power of Attorney for Head of the Branch or Representative office	Company on the basis of a draft to be prepared by Provider
6 .	Power of Attorney for Provider (with powers on Branch or Representative office liquidation)	Company on the basis of a draft to be prepared by Provider
7 .	Financial reports and tax declarations as of the date of liquidation of the Branch or Representative office	Company
8 .	Applications, forms, cards to be submitted to the liquitation	Provider

 

 

 

 

Documents originated in a foreign jurisdiction should be certified by a notary public and legalized or apostilled abroad. The documents filed with the RussianState authorities shall have the Russian translation certified by a Russian notary public.