Obtaining accreditation for foreign-owned legal bodies (FLB) is necessary for the company’s functioning on the territory of the Russian Federation.
First of all representative offices of FLB should determine the purpose of firm’s opening. The purposes can be the following: information exchange broadening (scientific-and-technological, economic or commercial), providing of various deals’ keeping, trade links development, export enlarging assistance and others. A complete list of foreign-owned firms’ possible activities on the territory of RF as well as other aspects of legal regulation are described it the Council of Ministers of USSR Decree from November 30, 1989 №1074. Taking into consideration a broad understanding of the term “foreign-owned firm”, mentioned in the Decree, it should be clarified particularly, that separately-run units’ accreditation is possible only for legal bodies. This comment is required as a number of organisations not possessing the legal body status in accordance with their state’s laws are referred to as “foreign-owned firms” by a part of overseas investors.
Business managers or persons in authority have to go through some stages for obtaining relevant documents which allow company’s legal activities.
Going through each of stages is connected with certain difficulties and capable of arising a great deal of problems for persons, never encountering before the Russian accreditation obtaining system. As a consequence, foreign investors lose a lot of time as they have to go through the same authorities over and over again because of documents’ shortage, incorrect papers’ fulfilling and other problems. You can avoid such troubles by seeking professional legal advice and counselling.
LAC Pactum provides a complete package of services for obtaining accreditation of foreign companies’ representative offices and branches. Our duties include firm’s in-house documentation development, which allow starting activity on the territory of Russia as well as all registration actions conducting.
Details are available through seminar proceedings "Accreditation and Migration"