Compare and choose: representative office, branch or OOO (LLC)?

Compare and choose:

representative office, branch or OOO (LLC)?

Representative office Branch ООО (LLC)
Legal status Acts on behalf and at the expense of the central office company Acts on behalf and at the expense of the central office company Is a legal entity: acts on its own behalf and at its own expense
Responsibility Is borne by the central office company Is borne by the central office company Bears responsibility with all the property owned by the company
Residence Is not a resident Is not a resident Is a resident
Corporate object Can’t perform commercial activity Performs all functions or part of the functions of the central office company Can perform any activity which is not prohibited by the law
Procedure of incorporation Accreditation Accreditation Registration
Period of incorporation About 8 weeks About 8 weeks About 2 weeks
Payment of Russian counteragents’ accounts Possible in rubles and in euro Possible in rubles and in euro Only in rubles
Tax advantage VAT is not required when concluding a lease agreement VAT is not required when concluding a lease agreement

Taxes and dividends are not required

According to the International convention for the avoidance of double taxation

(edited by 01.2015)