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.

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

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).

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Call now:
+7 (499) 110-67-35.

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