Since August 25, 2021, Russian law provides that the Russian notary who certifies the authenticity of the signature on the Russian application form for the establishment of a new LLC submits the documents electronically to the Russian tax authorities. You may remember that the application form must be signed by a statutory representative of the new shareholder and that signing by a representative, acting under a power of attorney, is not permitted.
Although the intention of the new law has been to simplify registration procedures and make them cheaper, its interpretation by the tax authorities has led to new complications.
In the recent past, the Russian tax authorities recognized the electronic submission by a Russian notary as a legal requirement and refused registration due to the fact that the documents were certified by a foreign notary and submitted to the Russian tax authorities via a representative or by post. If the practice persists, registration of a Russian LLC will require the involvement of a Russian notary only, since foreign notaries will not be able to submit electronic documents to the tax authorities.
How SCHNEIDER GROUP can help
In order to avoid foreign legal representatives’ travelling to Russia, SCHNEIDER GROUP is ready to provide the following solution:
- A new sole or minority shareholder of your new Russian LLC to sign the application form before a Russian notary, and then the documents will be sent by the Russian notary to the Russian tax authorities.
- After the establishment of the Russian LLC, SCHNEIDER GROUP’s shareholder will assign the shares in the new LLC to the desired shareholder.
To further increase the efficiency of the incorporation process also the general director (GD) may be outsourced to SCHNEIDER GROUP. Such solution further minimizes costs as our GD is used only for the time during the incorporation and company setup.
We are ready to fully support you in the procedure of LLC establishment as your one-stop partner in Russia.