Please use links on the right side to get more information on specific type of services or read the articles.
We also recommend to read Mistakes and Advices section. This will help you to not to make very common mistakes and subsequently, will prevent your company or your legal, accounting and payroll service providers from getting into long and thorny path to correct them in the future.
Typical List of Accounting Services for Representative Office
Elaboration of an accounting, tax and financial policy of the Representation Office
Annual subscription and support of the Reports Submission Electronic System
Quarterly formation and submission of the accounting and tax reports
Quarterly formation and submission of the reports to off-budget funds (pension, social security, statistical authority)
Conducting cash transactions (in case of presence any cash transactions, irrespective of amount, quantity of the transactions or the contractor)
Conducting operations under the bank accounts (formation of payment orders on the basis of received payment invoices, and also on taxes, passports of deals etc)
Formation of "Advance Reports" (on the basis of primary documentation received from the Customer) for accounting of petty-cash transactions
Payroll accounting in full (employees wages, deductions, taxes on "FOT" (salary fund), tax returns etc)
Accounting of expenses (rent, public utilities, secretarial expenses, business trips, representation expenses, communication etc.)
Fixed assets accounting (furniture, computers, cars, other kind of property: accounting, amortization, acceptance, depreciation etc)
Reporting on expenses for Headquarter (Head Office) on monthly or quarterly basis
Processing of waybills, measurement allowance of combustive-lubricating materials
Consulting on various financial, legal and tax issues in volumes up to 10 hours in a month
Typical List of Legal Services Package for Representative Office or Foreign Company's Subsidiary
Obtaining of the working visas for the staff
Obtaining of the Work Permits for the employees
Obtaining of the Permission to Employ of Foreign Labour for the Firm / Representative Office
Work on Employment Contract according HQ's requirements
Procedure of hiring / firing of the employee
Work on rent contracts (including private rent contracts for the staff apartments)
Translation of the documents
Solving of the various issues, such as: lift a ban from the corporation's Bank accounts, correction of the wrong payments of the taxes / State dues, Work on local firms' Articles of Association / Protocols / Agreements, etc
Negotiations on behalf of your subsidiary on various legal issues
The cost of services depends on volumes of documents and services which your company need.
On the left side we cite a typical set of accounting services for foreign corporations subsidiaries or representative offices. However, this list may vary and volumes depend on employees number, business trips frequency, fixed assets number and so on Therefore specified list cost also may vary starting from EUR400 to EUR1000 per month.