New rules for accreditation of foreign branches and representative offices in Russia
Federal Law of 5 May 2014 No. 106-FZ ‘On amending certain legislative acts of the Russian Federation’ (Law 106-FZ) has changed the procedure for accreditation of branches and representative offices of foreign legal entities in the Russian Federation.
Law 106-FZ fills in the legal vacuum that existed with respect to foreign representative offices, which up until now, having nothing better to go by, have guided their activities according to the hopelessly outdated Decree No. 1074 of the USSR Council of Ministers, dated 30 November 1989. As of 1 January 2015, representative offices will fall within the regulatory scope of Federal Law of 9 July 1999 No. 160-FZ ‘On foreign investment in the Russian Federation’, which had previously applied only to branches, not representative offices.
The second major change implemented by Law 106-FZ is that, in place of the current system of two independent registers — the branch register and the representative office register — a new joint register will be created: the unified State Register of Accredited Branches and Representative Offices of Foreign Legal Entities. This register is to be established by the date that Law 106-FZ enters into force, i.e, 1 January 2015…
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