Russia has published Federal Law No. 416-FZ of 17 November 2025 in the Official Gazette, which establishes a new procedure for tax registration by foreign companies when opening a bank account in Russia. Tax registration is a requirement for opening an account. Prior to the law, foreign companies opening a bank account in Russia were required to submit the application and required documents for registration with the Federal Tax Service (FTS) directly, or the process could be handled through …