The Ministry of Finance proposed to simplify the procedure to register foreign companies in tax authorities. The corresponding document developed by the Department was published in the Portal of Drafts of Regulatory Legal Acts.
Author:
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“The bill excludes the need to submit an application and other documents to the tax authorities by a foreign organization to register said organization in relation to the opening of said bank account organization,” follows the document.
According to the bill, foreign companies must no longer submit requests and documents to the tax authority when opening an account with a Russian bank. Instead, the bank will submit the application electronically.
The fiscal authority will have to register the company within five days after receiving a bank application and sending a certificate of a foreign organization electronically at the same time.
- On the eve of February 25, the representative of the Ministry of Finance told Vdomosti that the Government began to develop conditions for the return of foreign companies from hostile countries to the Russian market. However, the lawyers and analysts interviewed predicted that it could be difficult for foreign brands to return to Russia due to legal obstacles.
Author:
Anastasia Lipchanskaya
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
