We offer you several options for starting a business in Russia in accordance with the current legislation of the Russian Federation:
Opening a Joint Stock Company (JSC) or a Limited Liability Company (LLC)
Features:
- upon registration, a foreigner may be abroad,
- the foreigner must have legal documents confirming a residence in Russia.
- foreigners must obtain a work permit in the Russian Federation if they intend to take managerial positions in their companies (if the director is from the EAEU countries additional permits are not required).
Individual Enterprise
Features:
- simplified taxation procedure
- differences in the degree of liability to partners and creditors: an individual entrepreneur is liable for personal assets.
State registration is a first step of the company incorporation process. Only specialists with experience will be able to correctly collect all the necessary documents. Our company has all the resources that will help you open a new company in Russia.
Company Incorporation- copies of passports of the founders and director;
- extract from the commercial register of a foreign company with an apostille (if the foreign company is the founder);
- 2 copies of the Charter;
- minutes from the founders meeting / sole founder’s decision;
- letter of guarantee or documents of title to the facility specified as the company’s address;
- notarized application form;
- receipt of state duty payment;
- power of attorney for the representative who applies and receives documents to the registering body.
The application needs to be signed personally by each founder of the new legal entity, either at a notary desk in Russia or abroad.
Required documents for incorporation
1. Document drafting:
- Select the optimal legal form in Russia
- Analyze which tax system the company may use
- Get the company’s legal address
- Get notarized translation of shareholder’s documentation
- Draft shareholder decisions, Articles of Incorporation and other documents, both in English and Russian
- Draft and submit applications to governing state bodies
- Notarize application forms
2. Registration
After 3 business days documents are ready
Client receives:
- Certificate of State registration
- Certificate of registration with the tax authorities (company Tax ID number) - Extract from the corporate register
3. Final stage
After receiving all of the documents, it’s necessary to obtain the statistical codes (OKVED) at the Statistic Office, submit registration to the Social Insurance Fund and the Pension Fund, issue a company seal (if any) and open a bank account at the bank of the client's choice.
Notice
To start a business in Russia it’s necessary to:
- have a legal address in the country;
- have a minimum authorized capital of 10,000 rubles;
- have an official director and accountant;
- have documents confirming the fact of registration (the foreigner will receive these documents after the registration is completed and the company is entered in the State Register).