There have recently been several key amendments to the Russian legislation which governs the accreditation of branch and representative offices of foreign companies. Following these amendments, effective January 1st, 2015, there is a new authority responsible for the Register relating to the accreditation of these foreign subsidiaries; the Federal Tax Service of Russia's Moscow Interdistrict Inspectorate No. 47 (‘Federal Tax Service’). This is with the exception of the representative offices of banks and other specified financial institutions.
As a result, those offices that were accredited prior to January 1st, 2015, and whose accreditation does not expire before April 1st, 2015, will have a submit a ‘report’ to the Federal Tax Service which then must be entered into the Register. The report must contain all the prescribed information relating to the foreign entity, as requested by the Federal Tax Service. This report must then be filed with the authority by April 1st, 2015, and failure to do so will result in the immediate termination of the accreditation of the branch or representative office. As a direct consequence, the office will no longer be entitled to undertake any activities in Russia on behalf of their parent company.
Please note, the details held in the register and maintained by the Federal Tax Service will be available online or by physically attending the authority.