Opening a bank account for a foreign company in a Russian bank

1. Obtaining a TIN

Before opening an account, a foreign company must first register with the tax authorities and obtain a taxpayer identification number. It may obtain it even without having a representative office or branch in Russia. The TIN certificate is issued 5 working days after the day on which the documents are submitted.

2. Opening a bank account.

Having the status of a taxpayer, a foreign company is entitled to open a bank account. For this purpose, the bank must also provide a number of documents on the company. On average, opening a bank account takes 3-5 working days (depends on the bank’s regulations).

The presence of a representative (head) of the company in Moscow is not necessary – it will be enough to certify the documents locally at a notary and issue a power of attorney to our employees, who will do all the work.

Our services include:

1. Preparation and filing of documents.

To register a foreign company with the tax authorities at the place of registration of the selected bank, we prepare and submit a number of documents, including copies of the founding and other documents of the foreign company.

2. Receipt of TIN.

In 5 working days after submitting the documents, we receive a TIN certificate from the tax authority on the company’s tax registration. The company is also included in the Unified State Register of Taxpayers (USRN).

3. opening of an account in the bank of your choice.

Within the framework of this stage we contact the bank, form and submit the necessary documents to the bank branch. We also carry out the necessary actions for remote access to the account after its opening.