How to create a subsidiary

In accordance with Article 105 of the Civil Code of the Russian Federation, a subsidiary is not created, but recognized in accordance with the agreement concluded with the parent company. How to register such an institution?

Instruction manual

1

Choose the line of business that your subsidiary will carry out. Please note: this activity may be different from that of the parent company.

2

Develop a charter for a subsidiary. A subsidiary is an independent organization that maintains its economy and documentation, but, despite this, is the property of the founder (in this case, your legal entity). The reorganization or liquidation of a subsidiary will also be entirely up to you.

3

Register a legal entity. According to the law, a subsidiary must have its own bank account, company details, and its own seal. Thus, the subsidiary will be able to conclude contracts, regardless of the parent.

4

Determine who will be the director and accountant in the subsidiary. The fact of the transfer of part of the financial funds must be fixed in the relevant act and signed by you, the chief accountant and the newly approved officials of the subsidiary.

5

Contact the State Chamber under the Ministry of Justice and submit the following documents with the statement:

- a certificate from the bank about your account;

- official characteristics of officials of the subsidiary;

- The charter of the subsidiary signed by you;

- certificate of registration of a legal entity (yours);

- a letter of guarantee indicating the address of the subsidiary;

- information about the founder;

- a certified copy of the act of acceptance of part of the funds;

- certified copies of other payment transactions.

6

Obtain a subsidiary registration certificate. From the moment of registration, a subsidiary may legally carry out activities.