The Russian Federal Tax Service (FTS) recently issued a notice on changes in tax registration requirements. Effective 1 September 2026, all banks are required to handle the tax registration process on a foreign company's behalf when they apply to open an account, as per Federal Law No. 416-FZ of 17 November 2025. Previously, foreign companies opening a bank account in Russia were required to submit the application and required documents for registration with the FTS directly, or the process …