Create a branch in another country: To launch a Russian offline business in another country, you must open a foreign company or branch. The second option is simpler: there is no need to create a new legal entity and transfer employees to another organization, and almost all taxes can be paid in Russia.
Create a branch in another country
Register a branch in another country. The foreign branch will be subject to the requirements of local laws.
After registration, enter information about the foreign branch in ΕΓRUL. To do this, you need to collect a small package of documents and send it to the registration office at the location of the company.
Open a current account for the company in a foreign bank and do not forget to notify the tax office to which the parent company submits reports.
Hire or transfer employees to the branch. You will have to pay taxes and fees only for Russian residents. You will not have to pay for foreign workers and Russians who have worked abroad for more than 183 days over the past 12 months.
Research and Planning
- Study the target market, local demand, and competitors.
- Understand the legal and economic environment.
Legal and Regulatory Compliance
- Register your business with the relevant local authorities.
- Obtain necessary licenses and permits.
- Ensure you comply with tax laws and employment regulations.
Business Structure
- Decide if your branch will be a representative office, subsidiary, or franchise.
- Consult legal experts to choose the most suitable structure.
Financial Setup
- Open a local bank account.
- Arrange for accounting practices that align with local regulations.
Location and Staffing
- Choose a strategic location for your branch.
- Hire local talent or relocate existing staff, ensuring compliance with work visa requirements.
Marketing and Operations
- Adapt your marketing strategies to suit the local culture.
- Establish operational processes that match both global standards and local needs.
Continuous Monitoring
- Track your branch’s performance.
- Adjust strategies based on feedback and local trends.
