OBS_VALUE: To open a bank account, foreign company must register as a taxpayer in the RF and obtain taxpayer identification number (INN). Also, for a number of business activities (e.g., owing taxable objects in the RF, acting through a locally established agent) the foreign company would need to obtain INN and register as a taxpayer. According to the Tax Code, foreign entity is deemed to have a separate business unit in the RF (and must register as taxpayer) if it has workplaces on the territory of the RF for more than one month. To register as a taxpayer, non-residents must indicate local address in the RF. Local presence (address) is also required based on the law On the State Registration of Legal Entities and Individual Entrepreneurs 