Liquidation of companies in Russia

Liquidation of companies in Russia

Liquidation of a company

We save your time and effort – we help you liquidate your company quickly and efficiently.

We have organized the liquidation process so that it requires minimal effort from your side.

Your participation in the process will be necessary when appointing a person responsible for the liquidation (the so-called liquidator, whom we can provide you) as well as when you cannot be replaced.

We take care of the rest so you can focus on the really important things!

An overview of the procedure

  • Issuing a decision on liquidation
  • Appointing a liquidator
  • Publishing a notice on the liquidation in the “State Registration Bulletin”
  • Entering information into the Unified Federal Register on the legal entities’ activities (hereinafter – Fedresurs)
  • Making settlements with creditors
  • Drawing up an interim liquidation balance sheet
  • Drawing up the final liquidation balance sheet
  • Registering the liquidation of a legal entity with the tax office

Timeline

On average, the liquidation period takes from 4 to 6 months, but it can take up to a year.

During the period of liquidation, by the decision of the tax authorities on-site or desk audits of the activities of the liquidated legal entity may be conducted/ This in turn may increase the overall period of liquidation.

Our services

We provide a full range of services related to the liquidation of companies.

  • Preparing the Decision (Protocol) on liquidation
  • Preparing an application for liquidation
  • Providing liquidator services
  • Supporting and participating in tax audits
  • Preparing interim and final liquidation balance sheet
  • Communicating with tax authorities with regards to liquidation

We also provide related legal services.

Legal framework

According to paragraph 2 of Art. 61 of the Civil Code of the Russian Federation, the general meeting or the sole participant decides on the voluntary liquidation of the company. The decision must be taken unanimously by all participants.

Participants of a legal entity are required to notify the tax authorities within 3 days from the date of the decision to liquidate the legal entity has been made.

In accordance with the legislation of the Russian Federation, once the decision to liquidate the company has been made, the founders (participants) of the legal entity in accordance with paragraph 2 of Art. 62 of the Civil Code of the Russian Federation must appoint a liquidation commission (liquidator), establish the procedure and terms of liquidation.

LIQUIDATION

We offer monthly and one-off rates for company liquidation
(Additionally fees not included: production of an electronic signature for the liquidator, state duty for publication in the journal “Bulletin” and publication on FEDRESURS)

Example 1

Company with minimal activity

€999

or 199/month

  • ✓ Company turnover – up to 500 thousand rubles / month
  • ✓ Duration of liquidation – from 3 months

Example 2

Company with an active business 

€2499

or €499/month

  • ✓ Company turnover – from 500 thousand up to 1 million rubles / month
  • ✓ Duration of liquidation – from 3 months

Example 3

Company doing active business with substantial revenue

€4999

or €999/month

  • ✓ Company turnover – from 1 million rubles / month
  • ✓ Duration of liquidation – from 3 months

Liquidator

Optional. You can appoint a liquidator yourself or order one from us.

499/month

  • ✓ Competent liquidator
  • ✓ Customer service in English

OUR MAIN EXPERTS

Our key competitive advantage is a highly qualified management team with work experience in Russia, Western Europe and beyond.

BEN WAGNER

Founder

A dual German-British national fluent in Russian, Benedikt has studied at both Oxford and Harvard, gained valuable work experience at Deutsche Bank and asset management house Baillie Gifford ($170bn under management) and holds the CFA charter.

ANNA SHEREMETYEVA

CEO

Anna Sheremetyeva, CEO, is a tax expert certified by the Chamber of Tax Consultants of the Russian Federation. For 12 years, she has been working as a chief accountant and controller for foreign subsidiaries in Russia (both in-house and outsourcing).

IRINA LU

Marketing

Irina Lu graduated with distinction from the financial academy in Moscow and received her MBA from Doshisha University (Japan). She is an experienced project management professional and worked for over five years for a UAE exhibition company.

MAXIM LU

Operation

Maxim Lu has a strong academic and professional background in the field of engineering. He received his Masters Degree from the University of Edinburgh. Maxim has participated in several research projects and has multiple highly ranked scientific publications. He is responsible for a systematic approach to building operational processes.

SERGEY VESELOV

Partnership

Sergey Veselov has graduated from the Faculty of International Law of the Moscow State Institute of International Relations of the Ministry of Foreign Affairs of the Russian Federation (MSIIR MFA RF) with a degree in Law. He is currently studying at Legal Regulation of Digital Development Master program at MSIIR MFA RF. He specializes in issues of international law, regulation of the circulation of cryptocurrencies and technologies using artificial intelligence. He is fluent in English and Spanish.

FREE TAX CONSULTATION

if you order liquidation of the company before the end of September 2022
Promocode: LIQLIVE22

OUR SERVICES

Our processes are certified as meeting international standards in Information Security (ISO/IEC 27001:2013) and Quality Management (ISO 9001:2015).
We bear full material responsibility for our work and hold a policy with one of Russia’s leading insurance companies.

WHY WAGNER AND EXPERTS?

TESTIMONIALS

Please click on the reviewers’ names to see the original document.

We have been very satisfied with the tax consulting service rendered in November 2016.

The report provides extremely thorough and precise analysis. It gives valuable practical recommendations based on current tax and currency exchange legislation, as well as relevant court cases.

We express our respect for the experience and competence on display and are delighted to recommend Wagner & Experts to any company in need of tax consulting services.

Dmitry Lukashevich

Managing Director, Bell Russia

As the CEO of the HÜPPE Group, I would like to express our profound gratitude to Wagner & Experts, who provide accounting outsourcing and legal services to our Russian representative office.

Wagner & Experts stand out by offering a comprehensive package price for their accounting services. They include everything a small representative office’s chief accountant would normally do – for instance, unlimited verbal advice, providing powers of attorney or register extracts without extra charges.

They have been true to their word, highly competent, accurate, fast and helpful. We could exchange e-mails directly with our accountant, as she understands English and German. In short, the quality of service has been exceptional throughout, at an extremely competitive price.

I am enthusiastic about our partnership, which has helped us to significantly reduce cost and increase efficiency at the same time.

I sincerely hope that many other potential clients will recognize that opportunity.

Andre Kellinghaus

CEO, HÜPPE Group

WIBERG Rus is the Russian subsidiary of FRUTAROM, an international group. We would like to express our gratitude to 2Syn, LLC (brand name: Wagner & Experts) for their consulting services on VAT and corporate income tax, as well as their rapid response in providing them.

In August 2017, we contacted 2Syn, LLC for advice on the VAT and corporate income tax implications of supplying free promotional literature in the course of training workshops related to the company’s operations.

2Syn, LLC were quick in supplying a competent, well-founded answer to the question posed, with references to the Russian Tax Code, other legislation and relevant court rulings.

Our company is confident in its recommendation of 2Syn’s competent specialists. They are able to shed light on complex and even controversial issues arising in the course of daily business, related to accounting for revenues and expenses as well as corporate taxation.

Vera Maximova

Chief accountant, WIBERG Rus

I’ve been using Wagner & Experts and they have been incredibly helpful. My company is up and running, I’ve got my work visa, and it all happened as planned. They made this whole process way easier than I expected and the whole team are just nice people to deal with. Highly Recommended.

Chris Cole

Managing Director, MonkeyBear LLC

I would recommend Ben Wagner, very down to earth and honest person to deal with, who knows his stuff.

Siamak Karimzadeh

Entrepreneur

WHY OUTSOURCE?

Aspiring web entrepreneurs face another battle, namely, doing the undifferentiated yet all-important “heavy lifting” … Each area is a career unto itself, doing poorly in an area will cause the entrepreneur to fail, and yet doing a competent job at each one is simply the price of admission… developers routinely spend 70% of their time doing this back end work. At Amazon we call this ensemble of challenges ‘muck’.

If you deprive yourself of outsourcing and your competitors do not, you’re putting yourself out of business.

These results suggest that service outsourcing not only would not induce a fall in aggregate employment, but also has the potential to make firms/sectors sufficiently more efficient, leading to enough job creation in the same sectors to offset the lost jobs due to outsourcing.

Make sure your back room is their front room. In other words, don’t you do guard services at your plant. Get someone who specializes in guard services to do them for you. Get rid of in-house printing, in-house conference services, any business that isn’t at the core of your focus.

In a world of outsourcing, no organization should have second-class support groups. They should outsource those functions to someone else who makes their living doing this…Stop trying to be all things. Anytime you find anyone referring to any group as a “support function”, think hard about whether that’s a function you can outsource.

A brilliant example of this is Coca-Cola. The company produces the syrup that makes its hugely popular soft drink ‒ but outsources (via franchises) the bottling of the product. In this way, the main company retains control of the part that makes it unique, passing on the work that practically any other company could do.

WAGNER & EXPERTS IN THE MEDIA

Our specialists regularly comment on economic developments in Russia and worldwide on television and in print media.
Please click on the logos to view the videos or read the articles.

CONSIDER DOING BUSINESS ABROAD?

We believe that a personalized approach is the best way to build durable relationships, so we have hand-picked our trusted partners to offer you best-in-class services, no matter where you need them.

Our partners in China (including Hong Kong), Croatia, Finland, Germany, India, Italy, Turkey and UAE will assist you locally on all business, administrative, (legal) and visa topics. We work in close collaboration with our partners, and we guarantee that you will be accompanied all the way through, to make your projects come true.

Get in touch with us and take advantage of Wagner & Expert’s network for your international business.

BUSINESS WITHOUT BORDERS

Call now:
+7 (495) 161-73-48.

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