Suspension of LLC activity – an alternative to liquidation
We help to "freeze" the company's activities, maintain the necessary processes during this period, and resume work when necessary
KEY FEATURES OF THE PROCEDURE
Transitioning to a “dormant” status means temporarily suspending the company's operations while maintaining its status as a registered legal entity and its active entry in the Unified State Register of Legal Entities (EGRUL). This period provides an opportunity to restructure business processes, reduce losses, and preserve the company's accumulated potential and resources.
Regardless of whether the company is dormant or actively operating, it is still required to comply with its tax reporting obligations in the Russian Federation.
HOW CAN WE HELP?
Regardless of whether the company is dormant or actively operating, it is still required to comply with its tax reporting obligations in the Russian Federation.
Reconcile accounts with counterparties, state funds, customs and tax authorities.
Assess the possibility of offsetting or refunding overpaid taxes and bring accounts receivable and payable into order.
Terminate existing contracts with counterparties, including lease agreements.
Provide legal support for employee dismissals.
Assist with the sale or management of assets.
Provide an interim General Director.
Find suitable premises for registration of the company's legal address and a physical office.
Maintain accounting records and prepare and submit tax and statistical reports.
Arrange payment of ongoing expenses and, if the company has employees, payroll calculation and payment.
Represent your interests during potential tax and audit inspections and handle related matters.
Case Study
Preparation for Sale
A German company providing exhibition services decided to leave the Russian market and approached us for advice.
Preparation for Sale
A German company providing exhibition services decided to leave the Russian market and approached us for advice.
Within two weeks, we prepared a concept in German and Russian outlining the options for suspending operations, liquidating the company, or selling the business.
The client decided to suspend operations until a potential sale of the business and asked us to support the suspension process.
Within one month, we:
As a result, the company was successfully sold to a buyer from a related industry.
Within two weeks, we prepared a concept in German and Russian outlining the options for suspending operations, liquidating the company, or selling the business.
The client decided to suspend operations until a potential sale of the business and asked us to support the suspension process.
Within one month, we:
- provided legal support for the dismissal of employees and arranged their final settlements;
- conducted an inventory of goods and fixed assets and assisted with their sale;
- reconciled accounts with counterparties, state funds, customs and tax authorities;
- helped recover previously paid advances for goods and services that had not been delivered or provided;
- terminated existing contracts with counterparties;
- brought the accounting records into order.
As a result, the company was successfully sold to a buyer from a related industry.
Advantages of working with us
We offer a range of services aimed primarily at foreign-owned businesses.
We coordinate the cost of our services with the customer in advance.
Specialization in foreign business
Reasonable and predictable prices
Communication with the project manager
Individual approach
The client works directly with the chief accountant or project manager. Such communication ensures high quality of services, good awareness of the client about the status of work, deep mutual understanding and prompt responses to requests.
If necessary, we are ready to work after hours.
When conducting accounting or international accounting on a regular basis, our employee can become your permanent competent representative for the relevant function for foreign colleagues and counterparties.
When conducting accounting or international accounting on a regular basis, our employee can become your permanent competent representative for the relevant function for foreign colleagues and counterparties.
Common language
Early closing of the reporting period
We speak English and German not only in correspondence and written consultations – we confidently communicate with clients in English or German.
At the request of the client, when conducting accounting, we provide the opportunity to close the reporting period early and prepare management reports within 3–5 business days after the end of the reporting period (fast close).
For example, when providing services on preparation of IFRS financial statements, we will draw your attention to possible tax risks for intra-group services and loans at no extra charge or we will advise a top manager – a highly qualified specialist - on migration issues or taxation of his/her income outside the Russian Federation.
We will not clog your mailbox with newsletters, but we will promptly notify you only about changes in legislation concerning your business. If the economic situation worsens, we will offer a flexible price system.
We are well aware of the mentality of foreign colleagues and know their expectations – we help customers meet these expectations, while complying with Russian legislation.
We do not offer "far-fetched" services and do not increase the cost of the project "retroactively".
reviews
Contact us
If you have any additional questions, we will be happy to answer them by phone or e-mail using the contact details provided below.
Get advice
- pr. Vernadskogo, 41, Bldg 1, Off. 427
- 119415 Moscow, Russia
- Tel: +7 (499) 322 72 29
- Mob: +7 (985) 275 39 02
- Email: anastasia.flasshoff@gias-consulting.com
We are a member of the following associations:
Contact us, if you have any additional questions
2018-2026 "GIAS" LLC
