Legal Support for Re-Domiciliation of Foreign Companies to special administrative regions (SARs)
Re-Domiciliation and Support of Business in Russia
Re-domiciliation means change of the company’s domicile to another country, removal of residence from a foreign jurisdiction. It enables the company to optimize taxation and helps avoid negative legal restrictions and sanctions risks.
It does not involve the liquidation of business — re-registration allows to retain all obligations, rights of claim and licenses. Only the legal seat of the foreign company changes.
Re-domiciliation is possible if it is permitted by the laws of both countries (the country of registration and the country to which the company wants to move its place of incorporation).
Russia has two special administrative regions (SAR) to which a foreign-incorporated company can be re-domiciled, namely:
If the laws of the country of registration do not allow re-domiciliation, the company can opt for incorporation — establish a new legal entity in a special administrative region, subject to certain conditions.
It does not involve the liquidation of business — re-registration allows to retain all obligations, rights of claim and licenses. Only the legal seat of the foreign company changes.
Re-domiciliation is possible if it is permitted by the laws of both countries (the country of registration and the country to which the company wants to move its place of incorporation).
Russia has two special administrative regions (SAR) to which a foreign-incorporated company can be re-domiciled, namely:
- the Oktyabrsky Island in the Kaliningrad Oblast
- the Russky Island in the Primorsky Territory
If the laws of the country of registration do not allow re-domiciliation, the company can opt for incorporation — establish a new legal entity in a special administrative region, subject to certain conditions.
Tatyana Vinokurova, Deputy Director General
ICLC-Consultant offers full support for re-domiciliation of a foreign company
Analyze possible consequences of re-domiciliation/incorporation in terms of tax, legal, and administrative issues in Russian and foreign jurisdictions, and determine feasibility of re-domiciliation
Compare re-domiciliation to other business restructuring options
Assess whether it is possible to obtain the status of an international holding company
Verify eligibility for re-domiciliation/incorporation of your business in the Russian jurisdiction
Provide assistance during the process of moving your company from a foreign jurisdiction to a Russian SAR
Help with the choice of a SAR (the Oktyabrsky Island or the Russky Island)
Provide advice at every stage of re-domiciliation/incorporation process
Prepare a re-domiciliation/incorporation implementation plan
ICLC-Consultant provides full legal support for re-domiciliation/incorporation procedure in Russia
Draft articles of association for an international company
Assist in negotiations with the SAR management company
Prepare and submit applications to enter into an agreement with the SAR management company
Conduct legal analysis of the agreement for the conduct of business in the SAR and provide support in the signing of the agreement
Prepare a package of documents required for state registration of a foreign entity in the Russian Federation in the territory of the SAR
ICLC-Consultant provides full tax and accounting support in re-domiciliation to the Russian Federation
- Analyze accounting data in English according to the standards of the foreign jurisdiction
- Develop accounting policies for bookkeeping and tax accounting
- Perform the first application of the Russian Accounting Standards
- Prepare IFRS financial statements and a package of management reports
- Develop a methodological approach to value assets and liabilities
- Prepare accounting statements on a turnkey basis
- Implement bookkeeping, tax and management accounting processes for reporting transformation
- Upon completion of re-domiciliation, you can outsource your accounting services to us
Advantages of ICLC-Consultant
ICLC-Consultant team has successful experience in providing legal support services for business, protecting clients’ interests in court, supporting tax audits, implementing projects of any level of complexity, and rendering audit services.
We guarantee a high level of work quality
Professionalism
Security
Confidentiality
We employ only highly-qualified full-time specialists who have extensive professional experience in relevant areas and sound academic background
Our company has a professional liability insurance with a cover of RUB 100M
We guarantee that all information disclosed to our employees in the performance of their official duties is kept safe and confidential