Accounting practices in the Russia are set by International Financial Reporting Standards (IFRS). Companies shall file accounting reports with the tax authority on a quarterly basis.
YourGlobalPro professionals assist you with the entire bookkeeping and accounting services to your Russia Business Set up as per your business needs including implementation of financial accounting software, accounting records preparation and time to time preparation of budgets, forecasts.
The Russian Laws require the following entities to have their financial audited by a licensed auditor: a) listed companies, b) financial institutions, c) enterprises with annual revenue exceeding 400 million rubles in the preceding financial year, d) enterprises with total assets exceeding 60 million rubles in the preceding financial year, e) companies with traded securities, f) entity that provides financial accounting report to the public.
YourGlobalPro professionals provide you auditing services for your business as required by your business in Russia.
Opening an account in a bank is quite easy in Russia. The documentation requirement differs from Bank to Bank and need to be complied for the Bank account opening.
The major banks in Russia are Sberbank, VTB Bank, Gazprombank, Alfa Bank, Promsvyaz Bank and Otkritie Financial Corporation. All banks are stable, reliable and offer the same level of services.
YourGlobalPro professionals facilitates all the paper work in relation to banking need and can assist you in opening bank account for your business plan in Russia.