Non-resident
A foreign company or individual that the law does not treat as a Russian resident. Settlements with a non-resident are currency transactions.
Non-resident: a person that the law does not recognize as a resident of the country. In foreign trade, the word is used in two senses, currency and tax, and it is important not to confuse them.
Currency law
Under Federal Law No. 173-FZ, non-residents are primarily foreign companies, including their branches and representative offices in Russia, and foreign nationals whom the law does not classify as residents. A foreign supplier, buyer or carrier is a non-resident.
Settlements between a resident and a non-resident count as currency transactions, even if the payment is in roubles. That is why they go through currency control at the bank: currency transaction code, contract registration, supporting documents.
Tax law
Tax status is determined by its own rules. For individuals, the number of days spent in Russia matters; for companies, the place of registration and management. A company may be a non-resident under currency law but a Russian tax resident, and vice versa.
Restrictions
Special economic measures are currently in force. Certain transactions with persons from a number of foreign states require permits, and some transactions are restricted or go through special accounts. Before a deal with a new non-resident, check whether these measures apply to it.
In a payment through an agent
Status matters not only for the supplier but also for the agent making the payment. The currency transaction code and the documents for the bank depend on it. We take this into account when putting together the currency control package: Currency control.
This is a general overview. We decide on your deal after reviewing the documents.
Request a quote
Describe the payment. We'll reply with a proposed route and terms. We name the agent in advance, and the rate and fee go into the payment order before your roubles are debited.