Opening bank account for foreign company: instruction

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01:16 - What does a foreign company need to do before opening a bank account?
06:10 - How can a foreign company open an account in a Russian bank?
06:34 - What benefits can foreigners expect when opening an account?

Daria Patapkina, lawyer of the company «Rosco - Consulting and Audit», answered these questions.

Companies that are non-residents of the Russian Federation have the right to open bank accounts and place bank deposits in foreign currency and rubles in Russian banks. In this video we tell you how to do this.

Regardless of the purpose of opening a current account, foreign companies must first register with the tax office and obtain a Taxpayer Identification Number (TIN). Without the original registration certificate, no bank will open a current account for a foreign company.

After this, the company has 2 ways to register with the tax office: independently, or with the involvement of professional companies or through a bank.

In addition, in order for a foreign company to open an account, it is necessary to collect many different documents. They were described in more detail in the video.

Also, to facilitate the opening of accounts, the President of the Russian Federation signed a Law that comes into force on July 21, 2023. When opening accounts, foreigners or their representatives do not need to be present in person if they have passed identification. Identification is carried out by a foreign bank on the basis of an order issued by a Russian bank. The list of countries whose residents will be able to undergo remote identification will be approved by the Government of the Russian Federation.

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WhatsApp: +7( 929) 197-25-50
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