List of documents required to close the Branch in Russia:

• decision of a foreign legal entity to close the Branch
• extract from the state (commercial) register of the foreign legal entity
• the power of attorney for the Liquidator (or for director of the branch ) for the right to take actions to close the Branch

List of actions necessary to close the Branch:

• dismissal and settlements with the Branch staff
• sale of the property or its transfer to the parent company
• closing of bank accounts of the branch
• reconciling settlements with the Federal Tax Service, Pension Fund, Social Insurance Fund, Health Insurance Fund
• removal from the registration in Pension Fund, Social Insurance Fund, Health Insurance Fund and Chamber of Commerce and Industry
• Removal from the registration in the Federal Tax Service of the Russian Federation

Time required to close the Branch

• The full term for closing the Branch of a foreign company can be from 2 to 3 months without taking into account actions related to the sale of property, dismissal of personnel, reconciling settlements of taxes and fees.

Cost of services

• The cost of EuroSkill services on the closure of the Branch is from 4,500 Euro.
• Notarial expenses and translation of documents into Russian - from 400 Euro.

Additional services

• providing services of liquidator
• keeping the accounting records of the Branch until closing
• inventorying of the Branch property before closing